Wallets/worldremit
WorldRemit (Zepz)
0 standards supported
Key details
- Launch: 2010
Overview
WorldRemit (Zepz) is UK-based mobile-first global money transfer + remittance + founded 2010 by Ismail Ahmed as WorldRemit then 2021 rebranded parent as Zepz + one of UK's largest mobile-first remittance platforms + ~11M+ annual Zepz customers worldwide + Sendwave acquired Aug 2020 for ~$500M 1, United Kingdom report.
History
2010 — WorldRemit founded by Ismail Ahmed as UK-based mobile-first global money transfer + remittance distinctive UK mobile-first remittance heritage.
Aug 2020 — WorldRemit acquires Sendwave US-based mobile-first remittance for ~$500M.
2021 — WorldRemit parent rebrand as Zepz consolidating WorldRemit + Sendwave under unified Zepz parent.
Ownership & operator
Operating entity: Zepz WorldRemit + Sendwave (UK-based mobile-first global money transfer + remittance; private).
Major shareholders: Accel + TCV + Leapfrog Investments + LeapFrog + DN Capital + Project A + others (Ismail Ahmed founder + private equity + venture capital + sovereign wealth investors).
Regulators: FCA UK + FinCEN + Federal Reserve + national regulators across 130+ countries.
Technical integration
WorldRemit mobile app (iOS + Android; ~11M+ annual Zepz customers worldwide) + worldremit.com + sendwave.com online + WorldRemit Visa + Mastercard cards; Faster Payments + SEPA + SEPA Instant + ACH + SWIFT + bank account transfers + cash pickup + mobile wallet transfers.
Implementations & partners
Zepz subsidiaries: Sendwave (Sendwave; US-based mobile-first remittance for African + Asian diaspora; Zepz subsidiary post-Aug 2020 ~$500M acquisition).
Major UK + US-based + global money transfer + remittance competitors: Western Union (Western Union; NYSE: WU; US-based global money transfer + remittance operator + retail agent network; world's largest money transfer + remittance network by transaction volume) + MoneyGram (MoneyGram International; US-based global money transfer + remittance operator + retail agent network) + Ria Money Transfer (Ria Money Transfer; Euronet Worldwide NASDAQ: EEFT US-based subsidiary global money transfer + remittance) + Remitly (Remitly; NASDAQ: RELY; US-based mobile-first global money transfer + remittance; ~7.5M+ annual customers) + Wise (formerly TransferWise) (Wise; UK + global multi-currency account + cross-border transfers) + Xoom (PayPal) (Xoom PayPal-owned US-based global money transfer + remittance) + PayPal (PayPal; NASDAQ: PYPL; US-based global digital payment platform + Xoom + Honey + Venmo parent) + Venmo (Venmo; PayPal-owned US-based P2P mobile wallet) + Cash App (Cash App; Block NYSE: SQ US-based P2P mobile wallet) + Revolut (Revolut; UK + global multi-currency account + payments).
Regulators: FCA UK + FinCEN + Federal Reserve + national regulators across 130+ countries.
Status
Active, UK-based mobile-first global money transfer + remittance + founded 2010 by Ismail Ahmed as WorldRemit then 2021 rebranded parent as Zepz + one of UK's largest mobile-first remittance platforms + ~11M+ annual Zepz customers worldwide + Sendwave acquired Aug 2020 for ~$500M 1, 2.
Sources
- 1 WorldRemit — official
- 2 WorldRemit — Wikipedia
- United Kingdom report In-corpus:
reports/countries/GB-united-kingdom.md
Source
Biography extracted from worldremit.md. See matrix.md for standards-support matrix if present.