Latham & Watkins advised Zepz, formerly
WorldRemit, on raising US$292 million in new primary financing and achieving a
post-money valuation of US$5 billion. Zepz is a digital cross-border payments
platform operating two market-leading brands (WorldRemit and Sendwave, acquired
in 2021), with over 11 million users across 150 countries.
The round includes new equity investors
Farallon Capital among others, as well as backing from existing investors
Leapfrog, TCV, and Accel.
The Latham team was led by London corporate
partners Mike Turner and Shing Lo, with associates Katie Kaplucha and Sam
Peacock.