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ZEPZ

zepzpay.com

Founded Year

2010

Stage

Series E | Alive

Total Raised

$692M

Valuation

$0000 

Last Raised

$292M | 1 yr ago

Revenue

$0000 

About ZEPZ

ZEPZ provides a digital money transfer platform. The company specializes in international transfers to mobile money accounts – a technology where a customer's phone numbers acts like a bank account to hold funds.

Headquarters Location

62 Buckingham Gate

London, England, SW1E 6AJ,

United Kingdom

+1 888 961 4869

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ESPs containing ZEPZ

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTHMARKET STRENGTHLEADERHIGHFLIEROUTPERFORMERCHALLENGER
Financial Services / Payments Tech

Cross-border payments & money transfer tech companies help businesses send funds to other businesses, often internationally.These companies make money transfer cheaper and faster by building various tech solutions: cross-border payments infrastructure that doesn’t run on traditional bank networks; platforms that allow clients to access legacy bank rails more easily; and crypto-based payment soluti…

ZEPZ named as Leader among 14 other companies, including Ripple, Rapyd, and NIUM.

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Expert Collections containing ZEPZ

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

ZEPZ is included in 4 Expert Collections, including Unicorns- Billion Dollar Startups.

U

Unicorns- Billion Dollar Startups

1,201 items

F

Fintech 250

1,247 items

P

Payments

2,460 items

Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.

F

Fintech

4,872 items

Track and capture company information and workflow.

Latest ZEPZ News

The Global Benefits of Online Transfers in Zimbabwe

Nov 24, 2022

The Global Benefits of Online Transfers in Zimbabwe Byline: By Susan Sitemere, Country Manager, Zimbabwe, and South Africa, WorldRemit HARARE, Zimbabwe, 23 November, 2022,-/African Media Agency (AMA)/- A combination of rapidly evolving technology and the restrictions imposed by the COVID -19 pandemic has resulted in nothing short of a revolution in the online money transfer sector. Globally, there have been drastic shifts in how people pay for goods and services, with electronic payments increasingly displacing traditional cash and more recently, cryptocurrency and digital currencies emerging in the market1. In Zimbabwe, the use of mobile money has become pivotal to the way that citizens interact and exchange money during the pandemic. The number of active mobile money subscribers in the country increased from 4.05 million to 4.13 million in 20222. According to the Reserve Bank of Zimbabwe, mobile money interactions witnessed a steady upward trend with average monthly growth of 21% and 16% in volumes and values2. This movement has been truly significant at all levels of society, with users taking advantage of the rapidly evolving technologies of mobile wallets and contactless cards to make payments and move their money around the globe. According to the World Bank, mobile money accounts drove a massive increase in financial inclusion in Sub – Saharan Africa as two–thirds of adults worldwide now send or receive digital payments, with the share in developing economies increasing from 35% in 2014 to 57% in 20213. For many in Western society, the acceleration in technology makes for an easier and more convenient experience when dealing with digital remittances. However, for those citizens of emerging countries, the innovation and growth surrounding the global payments sector is resulting in a wide range of benefits. Digital remittances are a lifeline Remittances hugely sheltered many Zimbabwean families from the challenging economic situation that COVID-19 brought over the last few years, with remittances sent to Zimbabwe surging from about US$ 1 billion in 2020 to US$1.4 billion in 2021. The country also hit record-high foreign currency inflows of US$9.7 billion during that period4 . With statistics like that, it is essential that adequate systems are put in place to make money transfers a secure and straightforward procedure. Online money transfers help countries gain financial inclusion in emerging markets, thus improving economic development and alleviating poverty. Banking for the unbanked According to the Reserve Bank of Zimbabwe, the number of financially included Zimbabweans reached 83% this year, with about 12.45 million now on banking platforms through various systems, including mobile money. This comes after 14 tough years for Zimbabweans, who first grappled with domestic currency shortages before the local currency crashed in 20085. Until recently, migrant communities faced several stressful challenges when sending money abroad. Long queues, unfamiliar paperwork, and sky-high fees were usual hurdles at the beginning of a transfer that could take weeks to process. Once the money had finally reached its destination, the recipients needed access to banks or shops to collect their cash. Today, with digital payment services like  WorldRemit , people can receive money in a matter of minutes through airtime top-ups,  cash pick up , and transfers to their EcoCash mobile wallets. These options that allow people to choose how to receive their money are essential in countries like Zimbabwe here in sub-Saharan Africa, where a significant proportion of the population remains unbanked. Fortunately, this choice is facilitated by a boom in cheap and widely available smartphones that allow consumers and small enterprises to transfer money at the touch of a button seamlessly. Aided by FinTech vision and investment, Africa has become a world leader in mobile money. Again, the economic upshift facilitated by the new technology has contributed to a drop in the number of households living in poverty. A safe and convenient service Digital payments service, WorldRemit uses industry-leading technology to enhance protection for online money transfers. This technology is also swift, meaning that most transfers are ready within minutes. The increase in secure digital remittances, especially mobile-to-mobile transfers, has lowered the need for cash transactions. Consequently, opportunistic crime in many cash-heavy markets has been reduced, however, cybercrime remains a very present threat, which money transfer companies must work hard to combat. Moving forward together The transition to digital payments and online money transfers has positively impacted migrant communities and emerging countries. This transition has made the process of sending remittances easier and more secure. It has also lowered the barriers to financial inclusion in emerging countries by allowing people without bank accounts to receive money quickly. By offering flexible ways of sending and receiving money, more people worldwide can access financial services and ultimately free themselves from the manacles of poverty. Find out how WorldRemit can help you move your money around with  online digital payments . Notes to Editors About WorldRemit We’re a leading global payments company and, along with Sendwave, part of Zepz, a group powering two global payments brands. We disrupted an industry previously dominated by offline legacy players by taking international money transfers online – making them safer, faster and lower cost. We currently send from 50 countries to recipients in 130 countries, operate in more than 5,000 money transfer corridors worldwide and employ over 1,200 people globally. On the sending side WorldRemit is 100% digital (cashless), increasing convenience and enhancing security. For those receiving money, the company offers a wide range of options including bank deposit, cash collection, mobile airtime top-up and mobile money. Backed by Accel, TCV and Leapfrog – WorldRemit’s headquarters are in London, United Kingdom with regional offices around the world.

ZEPZ Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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ZEPZ Rank

ZEPZ Frequently Asked Questions (FAQ)

  • When was ZEPZ founded?

    ZEPZ was founded in 2010.

  • Where is ZEPZ's headquarters?

    ZEPZ's headquarters is located at 62 Buckingham Gate, London.

  • What is ZEPZ's latest funding round?

    ZEPZ's latest funding round is Series E.

  • How much did ZEPZ raise?

    ZEPZ raised a total of $692M.

  • Who are the investors of ZEPZ?

    Investors of ZEPZ include Accel, Technology Crossover Ventures, LeapFrog Investments, Farallon Capital Management, Bank Negara Malaysia and 6 more.

  • Who are ZEPZ's competitors?

    Competitors of ZEPZ include Zoona, BitGo, MobiKwik, Airwallex, Ant Group, Toss, Payrailz, PayPal, PayCargo, MFS Africa and 47 more.

Compare ZEPZ to Competitors

M
MoMo

MoMo, operated by M_Service, is an e-wallet application on mobile phones and can be replaced for cash in some types of payments such as money transfer, game top-up, mobile top-up, and bill payment anytime, anywhere. The platform is a safe, simple, convenient, and low-cost method of payment.On December 10th, 2021, Mizuho Bank acquired a minority stake in MoMo for $170M.

Ripple Logo
Ripple

Ripple is an Internet protocol that interconnects all the world's disparate financial systems to power the secure transfer of funds in any currency in real time. Ripple provides a frictionless experience to send money globally using the power of blockchain.

TransferGo Logo
TransferGo

TransferGo is an international money transfer service that allows users to transfer money online across Europe and other global destinations.

Airwallex Logo
Airwallex

Airwallex is a fintech company that allows customers to issue and pay international invoices and bills. It offers domestic and international business accounts, company cards, and expense management. The company was founded in 2015 and is based in Melbourne, Australia.

NIUM Logo
NIUM

NIUM is a cross-border payments company. It was founded in 2014 and is based in Singapore.

Rapyd Logo
Rapyd

Rapyd builds technology that removes the back-end complexities of cross-border commerce while providing local payments expertise. Global e-commerce companies, technology firms, marketplaces, and financial institutions use its fintech-as-a-service platforms—Collect, Disburse, Wallet, and Issuing—to embed localized fintech and payments capabilities into their applications in a simple way.

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