50171
WorldRemit Group Limited
Oct 3, 2024
Africa Region
Africa
Nov 4, 2024
B - Limited
Active
Nov 21, 2024
Disruptive Tech, Service & Funds
Financial Markets
Approved : Oct 31, 2024
Signed : Nov 18, 2024
Invested : Nov 19, 2024
Money transfer, remittances
The proposed investment is an equity investment of US$20 million to WorldRemit Group Limited (Zepz or the “Company”) as part of its US$267 million Series X equity round. The Company, founded in 2010, provides digital cross-border consumer remittances via two brands: Sendwave and WorldRemit. Zepz serves over 9+ million users through its current presence in over 4,600 corridors with over 40 send countries and over 90 receive countries. IFC’s proposed equity investment will finance the Company’s permanent working capital and to further its foothold in emerging markets (the “Project”).
For Inquiries About the Project, Contact
For Inquiries and Comments About IFC, Contact
Local Access of Project Documentation
Mark Lenhard, Group CEO
51 Eastcheap, London, EC3M 1DT