Zepz, formerly WorldRemit, a digital cross-border payments platform operating two brands (WorldRemit and Sendwave, acquired in 2021), with over 11 million users across 150 countries, has raised $292 million in new primary financing, achieving a valuation of $5 billion.

The round includes new equity investors Farallon Capital among others, as well as backing from existing investors LeapFrog, TCV and Accel.

Zepz is revolutionising the P2P cross-border payments market, an estimated...