British money transfer firm Zepz has reportedly made another round of job cuts. The company, which owns remittance platforms WorldRemit and Sendwave, has laid off 30 workers, according to a CNBC report Thursday (Nov. 30). “Zepz has entered a redundancy consultation which could affect less than 2% of its global headcount,” a...
The Consumer Financial Protection Bureau (CFPB) has taken action against Chime Inc., the operator of the Sendwave mobile app, for deceiving consumers about the speed and cost of remittance transfers. Chime Inc. is not connected to the California-based FinTech Chime Financial. Chime Inc. has also...
With migrant workers consistently sending money home, the business of remittances tends to be more resilient than most during tough economic times. Even so, Zepz CFO Robert Mitchell told PYMNTS that doesn’t mean they can stand still or take their eye off competitors or price-conscious...
The London-based money transfer startup WorldRemit is preparing to raise cash at a valuation of roughly $5 billion ahead of a potential initial public offering (IPO). As Bloomberg News reported Friday (August 20), the company is in discussion with investors about the funding. Sources told...
October 07, 2024
Zepz has raised $267 million in a Series F funding round to continue growing its global cross-border remittance solutions, WorldRemit and Sendwave. “The Series F investment will continue to drive our accelerated growth, driven by our mission to serve the financial needs of migrants around the world,” the company said in a Friday (Oct. 4) post on […]
November 30, 2023
British money transfer firm Zepz has reportedly made another round of job cuts. The company, which owns remittance platforms WorldRemit and Sendwave, has laid off 30 workers, according to a CNBC report Thursday (Nov. 30). “Zepz has...
October 17, 2023
The Consumer Financial Protection Bureau (CFPB) has taken action against Chime Inc., the operator of the Sendwave mobile app, for deceiving consumers about the speed and cost of remittance transfers....
August 20, 2021
The London-based money transfer startup WorldRemit is preparing to raise cash at a valuation of roughly $5 billion ahead of a potential initial public offering (IPO). As Bloomberg News reported...
