Finance
Accel, TCV, World Bank Support Zepz’s $267 Million Fundraise
- Zepz, formerly WorldRemit, did not disclose its new valuation
- Firm is in ‘no rush’ to join the public markets, investor says
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Zepz, the money transfer service formerly known as WorldRemit, has raised $267 million from new and existing investors to fund expansion in its core African markets and beyond.
Venture capital firm Accel led the funding round, which also included Leapfrog and TCV. The International Financial Corporation, a global development institution and member of the World Bank Group, pledged to invest as much as $20 million.