Money transfer app run by Latham Zepz valued at $ 5 billion


By McCord Pagan (Aug 23, 2021, 5:31 p.m. EDT) – Zepz, formerly known as WorldRemit Group, said on Monday it was now valued at $ 5 billion following a Series E funding round for the cross-border money transfer service which was guided by Latham & Watkins LLP and the company’s internal legal team.

London-based Zepz said in a statement that the $ 292 million funding included Farallon Capital, LeapFrog Investments, TCV and Accel, and the proceeds would be used to continue investing in its technology and platform.

“The additional funds raised allow us to accelerate investment to pursue our very important growth opportunity while further strengthening our high quality investor base and our mission to deliver fair, timely, …

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