Zepz
Zepz is a London-based global digital cross-border payments platform operating the WorldRemit and Sendwave remittance brands across 130+ countries, serving migrant workers and diaspora communities via mobile apps, stablecoin wallets, and emerging credit and card services.
- Company typePrivate
- Founded2010
- HeadquartersLondon, United Kingdom
- Headcount1,001–5,000
- GTM typeB2C
- OfferingSoftware
What Zepz does
Zepz is a London-headquartered global digital cross-border payments platform founded in 2010 (originally as WorldRemit) that operates two scaled consumer remittance brands: WorldRemit, a digital money-transfer service reaching 130+ countries, and Sendwave, focused on instant, low-cost transfers to Africa and Asia with 400,000+ users. The group's core technology spans a legacy digital remittance platform processing 5,000+ corridors, augmented by a stablecoin infrastructure layer launched in October 2025 through Sendwave Wallet, built on the Solana blockchain with USDC issued by Circle and bridged via Portal, with treasury and settlement operated by Fireblocks and real-time compliance powered by TRM Labs.
Zepz monetizes primarily through transaction fees on cross-border transfers, with growing revenue diversification into stablecoin-backed wallet economics, Visa card interchange via a Bridge-issued Sendwave Wallet Visa card (rolled out in the U.S., Canada, Australia, and Brazil), and credit services in the Philippines acquired through Pomelo International in January 2026. The customer base is concentrated among migrant workers and diaspora communities in the Global South, served via self-serve mobile apps and supported by institutional channel partnerships such as Equity Bank in Kenya.
In 2025, Zepz processed over $17 billion in transfers and 120 million transactions, reported 25% Q4 revenue growth, achieved cash-flow profitability, and guided to approximately 20% revenue growth in 2026. The company has raised more than $700 million in equity and debt across multiple funding rounds (notably a $292M Series E in 2021 at a $5B valuation and a $267M Series F led by Accel in October 2024), while IPO plans were paused in 2024. In March 2026, CEO Mark Lenhard stepped down and CFO Barrie Morris was appointed Interim CEO.
Zepz firmographics
Firmographics- Name
- Zepz
- Legal name
- WorldRemit Corp., NMLS ID 1179663
- Website
- https://www.zepzpay.com
- Company type
- Private
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Zepz is a London-based global digital cross-border payments platform operating the WorldRemit and Sendwave remittance brands across 130+ countries, serving migrant workers and diaspora communities via mobile apps, stablecoin wallets, and emerging credit and card services.
- Ownership category
- akta.pro rank
Zepz industry classification
Industry- Product category
- Digital Cross-Border Payments
- NAICS
- Credit Card Issuing (52221)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Cross-Border A2A & Bank Transfer Networks (FSAMAIAF)
- akta.pro secondary industries
- Crypto Remittance & Cross-Border Money Transfer Providers (FSADAIAD), Cross-Border & FX Payments Platforms (BPAMAFAK), Cross-Border & Multi-Currency Gateway Services (FSAMACAI), Cross-border Payments, FX & Multi-currency Checkout (CRAFAJAF), Cross-Border Card-Based Transfers & Multi-Currency Cards (FSAGAKAE)
Keywords
Where Zepz is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices3 records
Markets served
Zepz business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Operations
Revenue model
- International Money Transfer Fees: Transaction-based revenue from cross-border money transfers through WorldRemit and Sendwave platforms. Customers pay fees for transferring money to 130+ countries.
- Stablecoin Remittance Services: Revenue from stablecoin-based remittances via Sendwave Wallet using USDC, targeting migrant workers in Global South markets.
- Credit and Card Services: Revenue expansion through Pomelo acquisition into credit cards, lending, and credit services for cross-border communities in the Philippines.
- Interchange Fees: Monetization through Visa card interchange fees when Sendwave Wallet users spend USDC balances globally.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | WorldRemit transfer fees |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels2 records
Zepz product offering
Product offeringCore offering
Zepz operates a global digital cross-border payments platform that enables individuals to send money internationally through its consumer brands WorldRemit and Sendwave, processing transfers across 130+ countries with 5,000+ corridors. The company has expanded into stablecoin-based transfers via the Sendwave Wallet (built on Solana, Circle USDC, and Portal infrastructure) and into credit and card services through the acquisition of Pomelo International.
Product overview
Zepz is a global payments group operating a platform-plus-modules architecture with two core remittance brands: WorldRemit (digital money transfer to 130+ countries) and Sendwave (instant transfers to Africa and Asia). The portfolio includes Sendwave Wallet, a stablecoin-backed sub-product enabling USDC storage and spending globally. Recent expansion through the acquisition of Pomelo International extends the platform into cards, lending, and credit services for cross-border communities in the Global South.
Differentiator
Problem solved
Functional benefit
Brands
- Sendwave Wallet: A stablecoin-backed peer-to-peer cross-border money solution that enables users to send, store, and spend funds in USDC, built on Solana, Circle, and Portal infrastructure. Launched in October 2025 across over 100 countries.
Products and services
- WorldRemit Digital international money transfer service that lets individual users send money online in minutes to over 130 countries via a mobile app, with transaction tracking and history.
- Sendwave Peer-to-peer mobile money transfer service for sending money safely, affordably, and instantly to friends and family in Africa and Asia, trusted by over 400,000 users.
- Sendwave Wallet Stablecoin-backed wallet enabling users to send, receive, store, and spend USDC across Africa and 100+ countries, with future support for payment cards and QR code payments.
- Sendwave Wallet Visa Card Stablecoin-linked Visa card that lets Sendwave Wallet users spend their USDC digital-dollar balances globally, powered by Bridge infrastructure.
- Pomelo International Credit Services Credit card and lending platform designed for money transfer, with a strong presence in the Philippines, offering credit services to cross-border communities in the Global South.
Quantifiable outcome
- $17 billion in transfers processed in 2025
- +4 more outcomes
Companies that use Zepz
Customer profileNamed customers2 records
Segments2 records
Ideal customer profiles3 records
Zepz technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
AI capability2 records
Feature4 records
Zepz partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core and strategic.
- TRM LabscoreStrategic partnership to integrate blockchain intelligence into Sendwave Wallet for real-time transaction monitoring, AML, and sanctions screening. TRM Labs provides compliance infrastructure for Zepz's stablecoin remittances processing over $17 billion in transfers.
- Pomelo InternationalstrategicZepz acquired San Francisco-based fintech Pomelo International to expand beyond remittances into credit cards, lending, and credit services for cross-border communities in the Philippines.
- FireblockscoreFireblocks provides secure treasury and settlement infrastructure for scaling stablecoin-powered remittances to 9+ million users across 130 countries. Supported by Solana Foundation grant. Reduces FX and intermediary costs while improving speed and transparency.
- Bridge (Stripe-owned)coreBridge, a Stripe-owned infrastructure company, powers the stablecoin-linked Visa card for Sendwave Wallet, enabling users to spend USDC balances globally.
- CirclecoreCircle provides USDC stablecoin infrastructure for Sendwave Wallet, enabling stablecoin-backed cross-border money transfers for users.
- SolanacoreSolana blockchain platform powers Sendwave Wallet launched in October 2025 for stablecoin-based peer-to-peer transfers across 100+ countries.
- Equity BankstrategicRenewed partnership to ease remittance flows between diaspora communities and recipients in Kenya through Equity Bank's distribution network.
Scale indicators18 records
Recent moves7 records
Expansion highlights8 records
Zepz competitors and assessment
Company assessmentDirect peers
- Wise: Wise is a leading digital cross-border payments platform serving consumers and businesses with multi-currency accounts and low-fee international transfers. It directly competes with Zepz's WorldRemit brand for digitally-native senders and remittance customers, and has become a benchmark for transparent FX pricing in corridors where Zepz also operates.
- Remitly: Remitly is a digital remittance company focused on migrant workers sending money to developing countries, particularly the Philippines, India, and Latin America. It is one of the most direct competitors to Zepz's WorldRemit and Sendwave brands, sharing a similar customer base, mobile-first product, and corridor strategy.
- Sendwave: Sendwave is a wholly-owned subsidiary of Zepz rather than a separate peer, but as a stand-alone brand serving African and Asian remittance corridors with mobile-first transfers, it competes head-on with regional players in the same corridors Zepz targets via WorldRemit and the Sendwave Wallet.
Broad incumbents
- Western Union: Western Union is the largest traditional cross-border money transfer operator with a global agent network spanning 200+ countries. It is a broad incumbent competing with Zepz across most remittance corridors and is rapidly digitizing its offering, putting it in direct competition with Zepz's mobile-first products.
- MoneyGram: MoneyGram is a global money transfer and payment services company with a large agent network and growing digital platform. It competes with Zepz in core remittance corridors and has been expanding its digital and mobile wallet offerings, making it a relevant comparable for cross-border payments scale and footprint.
- PayPal/Xoom: PayPal's Xoom is a digital remittance and money transfer service competing with Zepz across multiple corridors, particularly for North America-to-Latin America and Asia transfers. PayPal is a broad incumbent that brings consumer payments scale and brand recognition into the same cross-border transfer market.
- Revolut: Revolut is a global fintech offering multi-currency accounts, cards, and increasingly cross-border transfers to consumers and businesses. While not focused solely on remittances to the Global South, it competes with Zepz for digitally-native customers in many corridors and is expanding its remittance product.
Regional players
- Flutterwave: Flutterwave is an African payments infrastructure company enabling businesses to accept and process payments across the continent. While focused on merchant payments rather than consumer remittances, it shares Zepz's African market focus and serves overlapping cross-border use cases for businesses and diaspora communities.
Emerging players
- Chipper Cash: Chipper Cash is an African fintech offering mobile money transfer and payments services across several African countries. It overlaps with Zepz's Sendwave brand in African remittance corridors and represents a regional emerging competitor targeting similar diaspora and cross-border community use cases.
Others
- Circle: Circle is the issuer of USDC and a key infrastructure partner for Zepz's Sendwave Wallet. While not a direct competitor, it is adjacent/comparable as a stablecoin payments infrastructure provider operating in the same crypto-enabled cross-border payments space that Zepz is moving into.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Zepz social profiles
Digital presenceZepz financial estimates
Financial estimateRevenue estimate
Valuation estimate
Zepz leadership team
Management profileNumber of profiles
Profiles13 records
Zepz subsidiaries and ownership
Company hierarchySubsidiaries4 records
Zepz funding detail
Funding detailFunding overview
Funding rounds15 records
Investors15 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Zepz M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Zepz
What does Zepz do?
Zepz operates a global digital cross-border payments platform that enables individuals to send money internationally through its consumer brands WorldRemit and Sendwave, processing transfers across 130+ countries with 5,000+ corridors. The company has expanded into stablecoin-based transfers via the Sendwave Wallet (built on Solana, Circle USDC, and Portal infrastructure) and into credit and card services through the acquisition of Pomelo International.
Is Zepz a public or private company?
Zepz is a private company. It is classified as venture growth investor backed and is currently operating.
When was Zepz founded?
Zepz was founded in 2010. It employs 1,001 to 5,000 people.
Where is Zepz based?
Zepz is headquartered in London, United Kingdom, in the Europe region.
How does Zepz make money?
Four revenue lines are on record. International Money Transfer Fees are the primary driver. The others are stablecoin Remittance Services, credit and Card Services and interchange Fees.
Who are Zepz's main competitors?
Direct peers on record are Wise, Remitly and Sendwave. Broad incumbents are Western Union, MoneyGram, PayPal/Xoom and Revolut. Flutterwave is listed as a regional player. Chipper Cash is listed as an emerging player. Circle is listed as an others.
Does Zepz have an API?
No public API is recorded for Zepz.
What industry is Zepz in?
Zepz's product category is Digital Cross-Border Payments. Its primary akta.pro industry code is FSAMAIAF, Cross-Border A2A & Bank Transfer Networks, with a secondary code of FSADAIAD, Crypto Remittance & Cross-Border Money Transfer Providers. Its NAICS code is 52221 and its SIC code is 6199.