On Tuesday, April 1, 2025—no fooling—British fintech firm Zepz dropped a bombshell. Its parent company, acquired by money transfer stars WordRemit and Sendwave, raised $165 million in growth debt financing from HSBC. This major infusion of cash will help Zepz’s healthy financial position. It will further position the company to capture new market opportunities in an increasingly dynamic digital payments environment.
The financing package provides a robust $110 million revolving credit facility. It includes a $55 million term facility, with both pieces underwritten by different divisions of HSBC. HSBC Innovation Banking was the sole lead arranger of a $110 million revolving credit facility. At the same time, HSBC Private Credit provided a $55 million term facility. This latest tranche of financing takes the place of an $80 million dollar debt funding deal that Zepz had previously negotiated with HSBC.
Zepz management underlined the prior equity funding as critical to underpinning its existing business and future growth trajectories. The firm’s mission is to enrich the world through better financial services. It’s especially focusing on remittances to cut through in a crowded market.
“We are committed to leveraging this financing to expand our operations and better serve our customers,” a representative from Zepz stated.
Zepz has ambitious plans to increase its share of the market. Perhaps more importantly, it is rising to the challenge of meeting the new consumer expectations in the financial services world. By obtaining this financing, Zepz hopes to set itself up for sustained success as the world continues to shift online.
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