Zepz, the global payments group headquartered in London and the parent company of WorldRemit and Sendwave, has secured a total of US$165 million in revolving and term facilities.
The US$110 million revolving credit facility was led by HSBC Innovation Banking, while HSBC Private Credit acted as the sole underwriter for the US$55 million term facility.
This financing strengthens Zepz’s financial position and equips it with the resources to capitalise on new market opportunities.
Led by HSBC, these facilities replace a previous US$80 million arrangement and build upon a decade-long partnership between Zepz and HSBC Innovation Banking UK.
Zepz operates two major remittance brands, WorldRemit and Sendwave, serving more than 9 million users and facilitating over 8 million transactions each month.
For customers, this financing translates into continued investment in faster transactions and enhanced reliability when sending money across borders.
By improving its financial flexibility, Zepz will further optimise transfer fees, ensuring a better experience for its users.
“Our priority is making money transfers faster, more affordable, and more accessible for the communities we serve,”
said Mark Lenhard, CEO of 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.”
Angela Mylrea, Head of Corporate Credit Solutions at HSBC Innovation Banking UK, added:
“This facility showcases our commitment to providing flexible, tailored financial solutions to high-growth fintech companies, and we look forward to supporting Zepz as it continues to strengthen its position and offering.”
Despite challenges in fintech funding, Zepz secured US$267 million in Series F last year.
Featured image credit: edited from freepik
