Zepz, the global payments group behind WorldRemit and Sendwave, has secured a total of £130 million in revolving and term facilities. The £90 million revolving credit facility was led by HSBC Innovation Banking while HSBC Private Credit was the sole underwriter of the £40 million term facility. The financing strengthens Zepz’s financial position and equips Zepz with the resources needed to capture new market opportunities.
Led by HSBC, these facilities replace a previous £63 million arrangement. The financing builds on a decade-long partnership between Zepz and HSBC Innovation Banking UK.
Zepz powers two major remittance brands, WorldRemit and Sendwave, which together serve more than 9 million users and facilitate over 8 million monthly transactions. For customers, the financing means continued investment in faster transactions and improved reliability when sending money across borders. By enhancing its financial flexibility, Zepz will further optimise transfer fees, ensuring an even better experience for its customers.
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.
Mark Lenhard, CEO
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.
Barrie Morris, CFO
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.
Angela Mylrea, HSBC Innovation Banking
