The FinTech industry has experienced significant growth in recent years, but it is has not been immune to economic headwinds. In fact, rising interest rates, high inflation, and lower consumer spending have led to a sharpened focus on belt-tightening among venture capital (VC) investors in...
Money transfer FinTech Zepz is reportedly looking to add to its business portfolio. The company, which owns remittances firms WorldRemit and Sendwave, is looking for merger and acquisition targets in a bid to capture a greater portion of the global payments market, CEO Mark Lenhard...
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...
Global money transfer startup Zepz, the parent company of WorldRemit, is reportedly putting its planned initial public offering (IPO) on hold while it focuses on profitability amid management turnover and alleged account issues. Headquartered in London, Zepz was founded in 2010 as WorldRemit by Ismail...
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 entered a redundancy consultation which could affect less than 2% of its global headcount,” a company spokesperson said in an exclusive statement to the network. […]
June 15, 2023
Money transfer FinTech Zepz is reportedly looking to add to its business portfolio. The company, which owns remittances firms WorldRemit and Sendwave, is looking for merger and acquisition targets in...
July 13, 2022
Global money transfer startup Zepz, the parent company of WorldRemit, is reportedly putting its planned initial public offering (IPO) on hold while it focuses on profitability amid management turnover and...
February 02, 2022
London cross-border transfer startup Zepz is weighing an initial public offering (IPO) on Wall Street at an estimated $6 billion valuation, bypassing the U.K.’s push to drive more tech companies...
