Zepz

Executive Summary

Zepz is a major United Kingdom digital money transfer service that helps more than 10 million users in 170 nations through its two brands called WorldRemit and Sendwave. The company works in the 800 billion dollar global market for sending money home to family. It uses a large network of bank connections and legal approvals to offer vital ways for people to receive funds such as digital wallets on cell phones or physical cash collection points. Financial records show roughly 400 million dollars in yearly sales income. However the business recently noted a net loss of 80 million dollars and has made major internal changes to focus on finally making a profit. Supported by 700 million dollars in cash from investors like Accel and TCV the company reached a high private worth of 5 billion dollars. Even with a strong place in the market the firm feels a heavy squeeze on its profit per transaction from digital competitors like Wise and Remitly and older giant companies like Western Union. A future public stock listing will act as a major test for the value of late stage startups trying to prove they can make money on every customer. Profit depends on managing the high costs of following rules in many different countries while fixing its financial path.