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.
ESPs containing ZEPZ
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The B2C cross-border payments market offers convenient and secure solutions for consumers to make international transactions. B2C consists of business-to-consumer (B2C), consumer-to-consumer (C2C), and consumer-to-business (C2B) transactions where individuals can purchase goods or services from businesses or transfer money to other consumers located in different countries. The B2C cross-border pay…
Research containing ZEPZ
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned ZEPZ in 7 CB Insights research briefs, most recently on Nov 7, 2022.
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.
Unicorns- Billion Dollar Startups
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.
Excludes US-based companies
Latest ZEPZ News
Sep 18, 2023
Fintech startup Sendwave has unveiled a new product that will allow users to earn interest and pay reduced fees on international remittances. The new product dubbed Sendwave Pay is targeting Kenyans living in the US. The solution provides existing Sendwave users access to a FDIC-insured bank account with an accompanying debit card. This makes Sendwave the only major remittance provider with such an offering in the US. Sendwave Pay, which is available to users via the Sendwave app on iOS and Android, will offer uses a bank account with no hidden account creation, maintenance or minimum balance fees. Users will also be able to also ccess to up to 0.4% improvement on exchange rates and up to 25% savings on transaction fees on remittances to Kenya, Ghana, Tanzania, Uganda, Nigeria, and Liberia when using the funds in their accounts. Sendwave Pay comes with a debit card to use on everyday transactions. Users will also be reimbursements for international transaction fees when using their Sendwave Pay debit card outside of the US;and earn up to 0.51% APY on the money held in their Sendwave Pay account Related Articles August 16, 2023 For migrants, opening a bank account is considered an important step to establishing themselves and helps to achieve financial autonomy. Sendwave Pay is the first neobank offering within Zepz, the Group powering global remittance brands Sendwave and WorldRemit. Zepz intends to continually invest in migrant-focused financial offerings around the world, including Kenya. Eric Huynh, Product Lead, Sendwave Pay, Zepz said “The way that people use and access money has drastically changed over the last decade. We created Sendwave Pay to better meet the needs of our customers, who are dynamically considering how they manage their money both for themselves and for loved ones abroad.” Zepz’s launch of Sendwave Pay comes amid an economic slowdown and higher borrowing costs in the US, which is the leading source of remittances to Kenya. Kenyans living in the US sent a total of $2.33 billion back home in 2022, representing more than half of the total $4.02 billion of diaspora remittances in 2022, according to data from the Central Bank of Kenya. (CBK). Facebook Comments
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 Circle, BitGo, Global66, Chipper Cash, Ledger, Toss, Zoona, MobiKwik, Airwallex, TransferMate and 35 more.
Compare ZEPZ to Competitors
Airwallex offers a payment platform for modern businesses. It allows customers to issue and pay international invoices and bills and offers domestic and international business accounts, company cards, and expense management through its integrated platform. The company was founded in 2015 and is based in Melbourne, Australia.
AZA Finance provides cross-border payment solutions for businesses. It helps to reduce the cost and increase the speed of transactions through its infrastructure. It was formerly known as BitPesa. The company was founded in 2013 and is based in Grand Duchy of Luxembourg, Luxembourg.
Circle provides a financial technology solution allowing users to send and receive funds globally. It offers crypto treasury management solutions for businesses to manage digital assets. It serves asset managers, financial technology companies, and financial institutions. The company was founded in 2013 and is based in Boston, Massachusetts.
Coins.ph provides a blockchain-based platform. It offers consumers access to basic financial services, such as remittances, bill payments, and mobile airtime. It was founded in 2014 and is based in Pasig City, Philippines. In April 2022, Coins.ph was acquired by Wei Zhou.
Ant Group (SGX: 5VJ) offers financial services, serving small and micro enterprises and consumers. Its products include a payment and lifestyle platform, a comprehensive wealth management application, and an independent, private, and alternative credit service. The company was formerly known as Zhejiang Ant Small and Micro Financial Services. It was founded in 2014 and is based in Hangzhou, China.
MoMo develops an online mobile payment application. It allows users to make payments and transfer money digitally. It was founded in 2007 and is based in Ho Chi Minh City, Vietnam.