Zepz appoints Robert Mitchell as new group CFO
Headquartered in London, Zepz powers remittances for WorldRemit and SendWave.
WorldRemit
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WorldRemit Group rebrands as Zepz, raises $292m Series E funding
The London-based company says the new injection takes its valuation up to $5 billion.
Video: Top fintech stories this week – 9 April 2021
Featuring Clubhouse, Stripe, Harlem Capital, Paymob, and WorldRemit founder.
WorldRemit founder Ismail Ahmed launches $500m Somaliland fund
WorldRemit’s first market was Somaliland.
London fintech WorldRemit mulls taking $1.5bn Spac listing to US
Refinitiv data shows Spac mergers have surged to a record $170 billion this year.
African remittance firms thrive amid COVID-19
Azimo saw a nearly 200% increase over the expected number of new customers in April, May and June.
WorldRemit partners with Juba Express on Somali remittance services
Somalis emigrates send $1.4 billion back home every year.
Worldremit acquires fellow remittance firm Sendwave
Sendwave has a presence in East and West Africa.
WorldRemit chooses Onfido to further automate its account onboarding
Onfido will automate WorldRemit’s KYC decision-making process.
WorldRemit teams up with Paykii
It will launch international bill payments through its own app/website using Paykii’s tech.
WorldRemit partners with Varo Money
The partnership will enable direct access in the Varo app to the WorldRemit service.
Alipay partner Tranglo integrates Ripple’s cross-border payments
Tranglo partnered with bigtech Alipay earlier this month.
WorldRemit ties up cross-border remittance partnership with Alipay
London-based firm gives users green light to sent money to Alipay wallets.
Ant Financial Makes Giant Leap into Remittance Biz with MoneyGram Buy
Ant Financial Services Group, the online and mobile financial services affiliate of Chinese e-commerce giant Alibaba Group, has just become a competitive juggernaut in the remittance business with the acquisition of MoneyGram, the second-largest provider of money transfer services based in the U.S. The transaction of approximately $880 million for all of MoneyGram’s common and preferred shares announced Jan. 26, not only helps MoneyGram compete with Western Union, it helps the combined company compete with startups that have been trying to shake up the market for years.
