London-based Zepz, the global payments group behind WorldRemit and Sendwave, has secured a total of €152 million in revolving and term facilities, this will strengthen their financial position and position Zepz to capture new market opportunities.
The €101.7 million revolving credit facility was led by HSBC Innovation Banking while HSBC Private Credit was the sole underwriter of the €50.8 million term facility.
Led by HSBC, these facilities replace a previous €74 million arrangement. The financing builds on a decade-long partnership between Zepz and HSBC Innovation Banking UK.
“Our priority is making money transfers faster, more affordable, and more accessible for the communities we serve,” said Mark Lenhard, CEO at Zepz. “This expanded facility strengthens our ability to invest in better pricing and ongoing innovation, empowering migrants with the tools they need to build secure futures and overcome financial barriers.”
Founded 2021, Zepz powers leading global remittance brands, WorldRemit and Sendwave. By reducing financial barriers and enhancing safety and convenience, Zepz aims to enable seamless cross-border transactions.
Zepz served over 9+ million users through its presence in over 4,000 corridors with over 40 send countries and 90 receive countries – facilitating over 8 million monthly transactions.
For customers, the financing means continued investment in faster transactions and improved reliability when sending money across borders. By enhancing its financial flexibility, Zepz will further optimise transfer fees, ensuring an even better experience for its customers.
Barrie Morris, CFO at Zepz, adds: “By lowering borrowing costs, this facility improves our financial flexibility and ensures we can continue delivering high-quality, cost-effective services. The additional capital allows us to strengthen our operations, supporting our long-term growth and commitment to our customers. We’re delighted to have once again partnered with HSBC Innovation Banking – a key strategic partner for our long-term vision to continue enhancing the services we provide to our customers.”
Angela Mylrea, Head of Corporate Credit Solutions, HSBC Innovation Banking UK, added: “We are delighted to deepen our long-standing partnership with Zepz and mark this next milestone on the company’s growth journey. This facility showcases our commitment to providing flexible, tailored financial solutions to high-growth FinTech companies, and we are looking forward to supporting Zepz as it continues to strengthen its position and offering.”
Zepz secured €247 million in Series F last year, with the new facility further reflecting the market’s confidence in Zepz’s ability to scale and lead in the global payments sector.
Read the orginal article: https://www.eu-startups.com/2025/04/zepz-secures-e152-million-financing-to-enhance-global-remittances-across-worldremit-and-sendwave/
