IFC proposes joining Accel, TCV, and Leapfrog in $267m remittance investment

The International Finance Corporation has disclosed a proposed equity investment of $20 million in Zepz.

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The International Finance Corporation (IFC) has disclosed a proposed equity investment of $20 million in Zepz as part of its $267 million Series X equity round.

Founded in 2010, Zepz operates two digital cross-border remittance platforms, Sendwave and WorldRemit, and serves over nine million users.

The round is led by Accel, with participation from TCV and private equity firm Leapfrog.

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