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Zepz runs the WorldRemit and Sendwave apps, which let people send money across borders to family and friends in about 150 countries.
Zepz is a money-transfer company. Its apps, WorldRemit and Sendwave, let someone in a rich country send cash to a relative or friend in a poorer one — a worker in London sending part of their paycheck home to Ghana, or a nurse in Ohio wiring money to the Philippines. Customers pay a fee, and often a bit above the raw exchange rate, for the money to land quickly on the other side.
The two brands aim at different customers. WorldRemit, the older business, is a full international transfer service — you can send to a bank account, a mobile wallet, or for cash pickup, across roughly 150 countries. Sendwave started as a low-cost app built for African diaspora communities sending money home, and it grew fast on the promise of no fees and good rates. Both run on the same basic plumbing: a network of local partners, banks, and mobile-money operators who actually hand over the cash at the destination. The old way to send money abroad was a trip to a storefront agent, a paper form, and a hefty fee — the kind of thing Western Union Western Union built an empire on. Zepz's pitch is that a phone app can do the same job cheaper and faster. Its real rivals are those legacy agents, banks that charge fat margins on wires, and newer app-based players. The hard part of the business isn't the app; it's the compliance and the local rails — knowing your customer, blocking criminals, and having partners in every corridor so the money actually arrives.
The company was formerly called WorldRemit Group and rebranded as Zepz after buying Sendwave in 2020. It is private and backed by venture capital, and it has pushed toward profitability as investors cooled on money-losing fintechs. The bet is simple: remittances are enormous, recurring, and deeply personal, and a cheaper, faster app can take share from the old guard one corridor at a time.
Saved answer · last researched 15 Nov 2026