Latham-Led Money Transfer App Zepz Valued At $5B

By McCord Pagan (August 23, 2021, 5:31 PM EDT) -- Zepz, previously known as WorldRemit Group, said Monday it's now valued at $5 billion following a Series E financing round for the cross-border money transfer service that was guided by Latham & Watkins LLP and the company's in-house legal team.

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

"The additional funds raised enable us to accelerate investment to prosecute our very sizable growth opportunity whilst further strengthening our high-quality investor base and our mission to provide fair, fast,...

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