Zepz valuation, funding and investors
Zepz works in international money transfer services, based in United States. Founded in 2021, it has about 623 employees.
- Last round
- Series F · $267M · Oct 2024
- Valuation at last round
- $3.34B · implied
- Headcount
- 623 · flat
- Grade
- C
- Founded
- 2021
Zepz valuation today
VCMC values Zepz at $3.2B today, with a range of $1.2B to $6.1B and a grade of C. The valuation starts from its last funding round, a Series F round in Oct 2024.
Valuation by date (73 rows)
Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.
| Date | Valuation | Range | Predicted in 1 yr | Phase | Headcount | Trend | Grade | Winding-down probability |
|---|---|---|---|---|---|---|---|---|
| 1 Jan 2021 | $21.7M | $7.88M – $59.5M | $24.1M (+11%) | before first round | – | unknown | D | 0% |
| 1 Feb 2021 | $21.9M | $7.96M – $60.0M | $24.3M (+11%) | before first round | – | unknown | D | 0% |
| 1 Mar 2021 | $22.0M | $8.02M – $60.5M | $24.5M (+11%) | before first round | – | unknown | D | 0% |
| 1 Apr 2021 | $22.2M | $8.10M – $61.1M | $24.6M (+11%) | before first round | – | unknown | D | 0% |
| 1 May 2021 | $22.4M | $8.17M – $61.6M | $24.8M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jun 2021 | $22.6M | $8.24M – $62.2M | $25.0M (+10%) | before first round | – | unknown | D | 0% |
| 1 Jul 2021 | $22.8M | $8.32M – $62.7M | $25.2M (+10%) | before first round | – | unknown | D | 0% |
| 1 Aug 2021 | $23.1M | $8.39M – $63.3M | $25.4M (+10%) | before first round | – | unknown | D | 0% |
| 24 Aug 2021 | $5.0B | $4.3B – $7.5B | $6.5B (+30%) | after a round | – | unknown | A | 0% |
| 1 Sep 2021 | $5.0B | $4.3B – $7.5B | $6.5B (+29%) | after a round | – | unknown | A | 0% |
| 1 Oct 2021 | $5.1B | $4.3B – $7.5B | $6.5B (+26%) | after a round | – | unknown | A | 0% |
| 1 Nov 2021 | $5.3B | $4.3B – $7.5B | $6.5B (+24%) | after a round | – | unknown | A | 0% |
| 1 Dec 2021 | $5.4B | $4.3B – $7.5B | $6.5B (+21%) | after a round | – | unknown | A | 0% |
| 1 Jan 2022 | $5.5B | $4.3B – $7.5B | $6.5B (+18%) | after a round | – | unknown | A | 0% |
| 1 Feb 2022 | $5.6B | $4.3B – $7.5B | $6.5B (+16%) | after a round | – | unknown | A | 0% |
| 1 Mar 2022 | $5.7B | $4.3B – $7.5B | $6.5B (+13%) | after a round | – | unknown | A | 0% |
| 1 Apr 2022 | $5.9B | $4.3B – $7.5B | $6.5B (+11%) | after a round | – | unknown | A | 0% |
| 1 May 2022 | $6.0B | $4.3B – $7.5B | $6.5B (+9%) | after a round | – | unknown | A | 0% |
| 1 Jun 2022 | $6.1B | $4.3B – $7.5B | $6.5B (+6%) | after a round | – | unknown | A | 0% |
| 1 Jul 2022 | $6.3B | $4.3B – $7.5B | $6.5B (+4%) | after a round | – | unknown | A | 0% |
| 1 Aug 2022 | $6.4B | $4.3B – $7.5B | $6.5B (+2%) | after a round | – | unknown | A | 0% |
| 1 Sep 2022 | $6.5B | $4.3B – $7.5B | $6.5B (0%) | after a round | – | unknown | A | 0% |
| 1 Oct 2022 | $6.5B | $4.1B – $7.5B | $6.5B (0%) | after a round | – | unknown | B | 0% |
| 1 Nov 2022 | $6.5B | $3.9B – $7.5B | $6.5B (0%) | after a round | – | unknown | B | 0% |
| 1 Dec 2022 | $6.5B | $3.7B – $7.5B | $6.5B (0%) | after a round | – | unknown | B | 0% |
| 1 Jan 2023 | $6.5B | $3.6B – $7.5B | $6.5B (0%) | after a round | 400 | unknown | B | 0% |
| 1 Feb 2023 | $6.5B | $3.4B – $7.5B | $6.5B (0%) | after a round | 400 | unknown | B | 0% |
| 1 Mar 2023 | $6.5B | $3.3B – $7.5B | $6.5B (0%) | after a round | 400 | unknown | B | 0% |
| 1 Apr 2023 | $6.5B | $3.1B – $7.5B | $6.5B (0%) | after a round | 400 | unknown | B | 0% |
| 1 May 2023 | $6.5B | $3.0B – $7.5B | $6.5B (0%) | after a round | 400 | unknown | B | 0% |
| 1 Jun 2023 | $6.5B | $2.9B – $7.5B | $6.5B (0%) | after a round | 400 | unknown | B | 0% |
| 1 Jul 2023 | $6.5B | $2.7B – $7.5B | $6.5B (0%) | after a round | 400 | unknown | B | 0% |
| 1 Aug 2023 | $6.5B | $2.6B – $7.5B | $6.5B (0%) | after a round | 400 | unknown | B | 0% |
| 1 Sep 2023 | $6.5B | $2.4B – $7.5B | $6.5B (0%) | after a round | 400 | unknown | B | 0% |
| 1 Oct 2023 | $6.5B | $2.2B – $7.5B | $6.5B (0%) | after a round | 400 | unknown | C | 0% |
| 1 Nov 2023 | $6.5B | $2.1B – $7.5B | $6.5B (0%) | after a round | 400 | unknown | C | 0% |
| 1 Dec 2023 | $6.5B | $2.0B – $7.5B | $6.5B (0%) | after a round | 400 | unknown | C | 0% |
| 1 Jan 2024 | $6.5B | $1.9B – $7.5B | $6.5B (0%) | after a round | 400 | unknown | C | 0% |
| 1 Feb 2024 | $6.5B | $1.8B – $7.5B | $6.5B (0%) | after a round | 400 | unknown | C | 0% |
| 1 Mar 2024 | $6.5B | $4.4B – $7.5B | $6.5B (0%) | after a round | 630 | growing | A | 0% |
| 1 Apr 2024 | $6.5B | $4.5B – $7.5B | $6.5B (0%) | after a round | 620 | growing | A | 0% |
| 1 May 2024 | $6.5B | $4.5B – $7.5B | $6.5B (0%) | after a round | 620 | growing | A | 0% |
| 1 Jun 2024 | $6.5B | $4.5B – $7.5B | $6.5B (0%) | after a round | 620 | growing | A | 0% |
| 1 Jul 2024 | $6.1B | $1.4B – $7.5B | $5.4B (-11%) | after a round | 620 | flat | C | 8% |
| 1 Aug 2024 | $6.1B | $1.4B – $7.5B | $5.5B (-10%) | after a round | 660 | flat | C | 7% |
| 1 Sep 2024 | $6.1B | $1.3B – $7.5B | $5.5B (-10%) | after a round | 660 | flat | C | 7% |
| 1 Oct 2024 | $6.1B | $1.2B – $7.4B | $5.5B (-10%) | after a round | 660 | flat | C | 6% |
| 7 Oct 2024 | $3.3B | $2.2B – $6.6B | $4.3B (+30%) | after a round | 660 | flat | B | 0% |
| 1 Nov 2024 | $3.4B | $2.2B – $6.6B | $4.3B (+28%) | after a round | 660 | flat | B | 0% |
| 1 Dec 2024 | $3.5B | $2.2B – $6.6B | $4.3B (+25%) | after a round | 670 | flat | B | 0% |
| 1 Jan 2025 | $3.6B | $2.2B – $6.6B | $4.3B (+22%) | after a round | 670 | flat | B | 0% |
| 1 Feb 2025 | $3.6B | $2.2B – $6.6B | $4.3B (+19%) | after a round | 670 | flat | B | 0% |
| 1 Mar 2025 | $3.7B | $2.2B – $6.6B | $4.3B (+17%) | after a round | 670 | flat | B | 0% |
| 1 Apr 2025 | $3.8B | $2.2B – $6.6B | $4.3B (+14%) | after a round | 670 | flat | B | 0% |
| 1 May 2025 | $3.9B | $2.2B – $6.6B | $4.3B (+12%) | after a round | 670 | flat | B | 0% |
| 1 Jun 2025 | $4.0B | $2.2B – $6.6B | $4.3B (+10%) | after a round | 670 | flat | B | 0% |
| 1 Jul 2025 | $4.0B | $2.2B – $6.6B | $4.3B (+7%) | after a round | 670 | flat | B | 0% |
| 1 Aug 2025 | $3.9B | $2.1B – $6.2B | $4.0B (+1%) | after a round | 593 | flat | B | 13% |
| 1 Sep 2025 | $3.8B | $2.1B – $5.8B | $3.5B (-8%) | after a round | 598 | flat | B | 40% |
| 1 Oct 2025 | $3.6B | $2.1B – $5.5B | $3.1B (-14%) | after a round | 598 | flat | B | 58% |
| 1 Nov 2025 | $3.6B | $2.1B – $5.6B | $3.0B (-16%) | after a round | 598 | flat | B | 58% |
| 1 Dec 2025 | $3.4B | $1.9B – $5.4B | $2.7B (-20%) | after a round | 585 | down | B | 72% |
| 1 Jan 2026 | $3.3B | $1.8B – $5.4B | $2.7B (-20%) | after a round | 585 | down | B | 72% |
| 1 Feb 2026 | $3.2B | $1.8B – $5.4B | $2.5B (-22%) | after a round | 585 | down | B | 78% |
| 1 Mar 2026 | $3.1B | $1.7B – $5.4B | $2.5B (-22%) | after a round | 585 | down | B | 79% |
| 1 Apr 2026 | $3.1B | $1.6B – $5.5B | $2.4B (-22%) | after a round | 585 | down | C | 79% |
| 1 May 2026 | $3.0B | $1.5B – $5.5B | $2.4B (-22%) | after a round | 585 | down | C | 79% |
| 1 Jun 2026 | $3.1B | $1.4B – $5.7B | $2.4B (-21%) | after a round | 600 | down | C | 73% |
| 1 Jul 2026 | $3.1B | $1.4B – $5.8B | $2.5B (-20%) | after a round | 600 | down | C | 67% |
| 1 Aug 2026 | $3.2B | $1.3B – $5.9B | $2.6B (-18%) | after a round | 611 | flat | C | 62% |
| 1 Sep 2026 | $3.2B | $1.3B – $6.0B | $2.7B (-17%) | after a round | 611 | flat | C | 57% |
| 1 Oct 2026 | $3.3B | $1.2B – $6.1B | $2.7B (-16%) | after a round | 623 | flat | C | 52% |
| 24 Oct 2026 | $3.2B | $1.2B – $6.1B | $2.7B (-18%) | after a round | 623 | flat | C | 48% |
Key facts about Zepz
- Founded
- 2021
- Headquarters
- United States
- Employees
- about 623 +4% in a year
- Total raised
- $724M
- Funding rounds
- 3
- Last round
- Debt Apr 2025
Zepz was founded in 2021 by Catherine Wines, Ismail Ahmed and Richard Igoe.
Zepz funding history
Zepz has 3 funding rounds on record, from Aug 2021 to Apr 2025, $724M in total. The latest disclosed valuation is $5.00B post-money (Series E, Aug 2021).
Debt 1 Apr 2025no round page
Led by HSBC Innovation Banking; with HSBC Private Credit.
Sources: zepz.io, uktech.news
$165M
Series F 6 Oct 2024
Led by Accel; with LeapFrog Investments, Technology Crossover Ventures, International Finance Corporation.
Sources: pymnts.com
$267M
Series E 23 Aug 2021
With Farallon, LeapFrog Investments, Technology Crossover Ventures, Accel.
Sources: worldremit.com, africabusinesscommunities.com, worldremit.com and 1 more
$292M
$5.00B post-money
Zepz investors
7 investors have backed Zepz; Accel and HSBC Innovation Banking led at least one round.
- Accel lead, 2 rounds
- HSBC Innovation Banking lead
- Technology Crossover Ventures 2 rounds
- HSBC Private Credit
- International Finance Corporation
What Zepz does
Zepz works in money transfer, with 9 recorded offerings and customers in financial services.
Zepz is a United States-based company that operates as a provider of international money transfer services and digital payment solutions. The company manages two global digital payment brands, WorldRemit and Sendwave, which facilitate online money transfers to recipients in over 130 countries. Zepz also offers a mobile application for digital payments and provides various payment options for recipients, including bank deposits, cash collection, and mobile airtime top-ups. The company serves a global customer base and operates internationally, with offices in multiple regions.
Description from Veridion's company data.
Products and services
- International Money Transfer Services
- Digital Payment Solutions Development
- Global Payment Network Expansion
- Migrant Remittance Services
- Multi-Currency Payment Services
- Rapid Transaction Processing Services
- Secure Payment Technology Development
- Customer-Centric Payment Solutions Services
- International Financial Inclusion Services
Markets
- Financial Services
Business model
- Business-to-Consumer
Industry codes (NAICS)
- 522320 Financial Transactions Processing, Reserve, and Clearinghouse Activities 100% match
Questions about Zepz
What is Zepz worth?
Valuation $3.2B (range $1.2B to $6.1B), as of 24 Oct 2026. The last disclosed valuation was $5.00B (Series E, Aug 2021).
Has Zepz raised money?
Zepz has 3 funding rounds on record, from Aug 2021 to Apr 2025, $724M in total. The latest disclosed valuation is $5.00B post-money (Series E, Aug 2021).
Who has invested in Zepz?
Accel, HSBC Innovation Banking, LeapFrog Investments, Technology Crossover Ventures, Farallon and HSBC Private Credit, and 1 more. Lead investors include Accel and HSBC Innovation Banking.
How many people work at Zepz?
About 623, up 4% over the last year. Headcount grew from 400 in Dec 2022 to 623 in Sep 2026.
What does Zepz do?
Zepz works in money transfer, with 9 recorded offerings and customers in financial services. Its main offerings are international money transfer services, digital payment solutions development and global payment network expansion.
When was Zepz founded, and where is it based?
Zepz was founded in 2021 and is based in United States. It has about 623 employees, up 4% over the last year.