The global payments group behind WorldRemit and Sendwave has secured a total of £128m in revolving and term facilities.
London-based FinTech Zepz says the financing will strengthen its financial position and equips it with the resources needed to capture new market opportunities.
The £85m revolving credit facility was led by HSBC Innovation Banking while HSBC Private Credit was the sole underwriter of the £43m term facility.
Led by HSBC, these facilities replace a previous £62m arrangement and 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 9m users and facilitate over 8m monthly transactions.
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For customers, the financing means continued investment in faster transactions and is set to improve reliability when sending money across borders.
“Our priority is making money transfers faster, more affordable, and more accessible for the communities we serve,” said Mark Lenhard, CEO at Zepz.
“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.”
Angela Mylrea, head of corporate credit solutions, HSBC Innovation Banking UK, added: “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.”