London corporate team represents leading digital cross-border payments platform in achieving a post-money valuation of US$5 billion.
Latham & Watkins advised Zepz, formerly WorldRemit, on raising US$292 million in new primary financing and achieving a post-money valuation of US$5 billion. Zepz is a digital cross-border payments platform operating two market-leading brands (WorldRemit and Sendwave, acquired in 2021), with over 11 million users across 150 countries.
The round includes new equity investors Farallon Capital among others, as well as backing from existing investors Leapfrog, TCV, and Accel.
The Latham team was led by London corporate partners Mike Turner and Shing Lo, with associates Katie Kaplucha and Sam Peacock.