Zepz funding news – London-based Zepz Secures €152 Million in Funding

HSBC Innovation Banking led a €101.7 million revolving credit facility, while HSBC Private Credit underwrote a €50.8 million term loan.

These new facilities, led by HSBC, replace a previous €74 million agreement and continue Zepz’s decade-long partnership with HSBC Innovation Banking UK.

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Mark Lenhard, CEO at Zepz said, “Our priority is making money transfers faster, more affordable, and more accessible for the communities we serve, 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.”

Zepz serves over 9 million users across 4,000 payment routes, operating in 40+ sending countries and 90 receiving countries, processing over 8 million transactions each month.

With this funding, Zepz will invest in faster transfers and better reliability for customers. Improved financial flexibility will also help lower transfer fees, making money transfers more affordable.

Barrie Morris, CFO at Zepz, adds: “By lowering borrowing costs, this facility improves our financial flexibility and ensures we can continue delivering high-quality cost-effective services. The additional capital allows us to strengthen our operations, supporting our long-term growth and commitment to our customers. We’re delighted to have once again partnered with HSBC Innovation Banking – a key strategic partner for our long-term vision to continue enhancing the services we provide to our customers.”

Angela Mylrea, Head of Corporate Credit Solutions, HSBC Innovation Banking UK added: “We are delighted to deepen our long-standing partnership with Zepz and mark this next milestone on the company’s growth journey. This facility showcases our commitment to providing flexible, tailored financial solutions to high-growth FinTech companies, and we are looking forward to supporting Zepz as it continues to strengthen its position and offering.”

About Zepz

Founded in 2021, Zepz operates WorldRemit and Sendwave, making global money transfers easier, safer, and more accessible.