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To unlock the prosperity of cross-border communities through finance and technology.
44% employee growth in 12 months
Despite advances in the sector, the experience of international money transfers continues to be rather poor. The vast majority of cross-border payments are done offline and are characterized by high fees, tedious administration, and slow processing.
Zepz exists to change this with a digital cross-border payments platform, aimed primarily at parts of the world that have been underserved by the digital revolution. This is a trillion-dollar market where legacy firms such as Western Union have long held a virtual monopoly. However, Zepz can run circles around existing offerings with transaction times counted in minutes rather than days or weeks, and far greater flexibility in how funds are sent and received. This has led to Zepz gaining enormous market traction, with over 50 million customer transactions and $10 billion transferred per year on its platform.
Zepz was formed after payments company Worldremit acquired Sendwave, another company working in the industry. This has led to some duplication in roles which began to affect the overall company's profitability and was exacerbated by the choppy economic conditions of 2022 and 2023. The company has carried out a major restructuring and, with a more efficient structure, is looking to hire top talent to help it achieve its goal of unlocking the prosperity of cross-border communities.
Freddie
Company Specialist at Welcome to the Jungle
Oct 2024
$267m
GROWTH EQUITY VC
Aug 2021
$292m
SERIES E
This company has top investors
Mark Lenhard
(CEO, not founder)Is also Group CEO of WorldRemit and Sendwave. Previously was COO of Bill.com and CEO of Invoice2Go.
Ismail Ahmed
(Non-Executive Chairman)Has decades of experience in the money transfer industry. Previously worked for the United Nations Remittance Programme, helping African money transfer companies comply with anti-monetary laundering rules introduced after the 9/11 attacks.
All
Meaningful work (3)
Intelligent people (2)
Open and honest communication (2)
Career progression (1)
Diversity is a priority (1)
My colleagues at Sendwave really believe in the company mission of making sending money home to loved ones as cheap and easy as possible. It's kept at the core of what we do and reenforced by senior management regularly.
Software Engineering
Meaningful work
Jun 2022
I'm working some of the most experienced, clever developers I have met. I learn things about the software lifecycle daily and am challenged to meet the standard set by others.
Software Engineering
Intelligent people
Jun 2022
Sendwave communicates through public for almost everything, which really helps keeping up with what others are working on. We embrace embarrassing honesty and I have never been shamed for my mistakes.
Software Engineering
Open and honest communication
Jun 2022
Sendwave's mission is to make it easier and cheaper for immigrants and migrant workers to send money home to their friends and family. We hear stories from our users about how they use Sendwave to send money home for their family's schooling or medical bills and are lifesavers for them - our users love us. The competitors tend to be predatory on vulnerable people, and it feels good to make a product that makes people's lives better. Next, we're hoping to take on providing financial services for the unbanked.
Software Engineering
Meaningful work
Jun 2022
One of Sendwave's values is "embarassing honestly," where we encourage people to ask questions that might seem obvious, because usually the answer isn't obvious to everyone, and asking questions is how we grow and learn.
Software Engineering
Open and honest communication
Jun 2022
This is, by far, the most diverse engineering team I've ever worked on. We have engineers from Kenya, Senegal, Brazil, the UK, the US, Mexico, and a bunch of other places - a lot of people who know about Sendwave are from the communities that we serve, which in turn leads to a lot applicants from those communities. We're also quite LGBTQIA+ friendly.
Software Engineering
Diversity is a priority
Jun 2022
By enabling the flow of money to those who need it most, we're addressing a crucial worldwide need and a real problem for our users. During the pandemic, a lot of the traditional methods for sending money abroad weren't available, so people turned to digital apps like Sendwave to continue supporting their loved ones. Our mission motivates me and makes me proud of what I do.
Software Engineering
Meaningful work
Jun 2022
Employees at Sendwave care about our mission, and together with the flexibility and perks that come with a remote working culture, we're able to attract top talent from around the world. I'm continuously learning from my co-workers, e.g. one team-mate was a staff engineer at Slack before joining Sendwave, another worked at Safaricom in Kenya, another founded a mobile-money startup.
Software Engineering
Intelligent people
Jun 2022
Sendwave has a transparent job-level rubric for every job family, and we have regular 1-1s with our engineering manager to help us with our career progression. Everyone has a performance review, which includes the opportunity to progress, every 6 months. It's not uncommon for people to be promoted by more than one level if they're clearly outperforming their current role. The salary scale is consistent across the company and completely transparent, giving people a fair chance of success. Finally, since the team is growing quickly, there have been multiple opportunities to move into new roles or teams and get involved in growing the business. For me, after 1 year at Sendwave, I was grateful that my manager encouraged me to take on a more challenging role, which really helped me level up in my career. It was a refreshing change from my previous workplace where I felt people's potential wasn't always recognised.
Software Engineering
Career progression
Jun 2022