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Zepz Receives $165M in Growth Financing

Summary by FinSMEs

Zepz, the London, UK-based payments group behind WorldRemit and Sendwave, received $165m in Growth financing. The $110m revolving credit facility was led by HSBC Innovation Banking while HSBC Private Credit was the sole underwriter of the $55m term facility. The company intends to use the funds to enhance customer experience and expand services. Led by CEO Mark […] The post Zepz Receives $165M in Growth Financing appeared first on FinSMEs.

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UKTN (UK Tech News)

Zepz in $165m debt finance deal as accounts 8 months late

Zepz has secured a new $165m debt finance package as the firm’s audited accounts head towards being eight months overdue. The global payments group behind WorldRemit and Sendwave (International Remittance), has secured a $110m revolving credit facility led by HSBC Innovation Banking UK. This forms part of a larger $165m growth financing package announced by Zepz today with HSBC Private Credit acting as the sole underwriter of a $55m term facilit…

2 days ago

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