A mobile-native remittance company acquired by Zepz to expand its reach in Africa and Asia.
Zepz takes on global banking with stablecoin linked Visa card in shift beyond remittances
Zepz is launching a stablecoin-linked Visa card to enhance its Sendwave Wallet. The initiative allows users in emerging markets to spend digital dollars directly at merchants.
Zepz to use stablecoins to optimise its remittance back-office infrastructure
Zepz has partnered with Circle to integrate stablecoins into its back-office operations. This partnership aims to reduce reliance on pre-funding payout positions in destination countries.
Payment unicorn Zepz raises $267 million from World Bank, Accel and TCV
Zepz raised $267 million for expansion in Africa. The company reached profitability for the first time two years ago.
From InstaDeep to Paystack: Here are Africa’s biggest startup exits and how much they raised
Decline in venture investment within startup ecosystem linked to lack of exit volume and value. Number of M&A exits in Africa dropped in 2022, alongside a decrease in venture capital investment.
