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Zepz raises $267m in growth funding

London based money transfer service raised $267m in growth funding led by Accel.

“It’s fair to say fintech funding is back, but for the established companies,” said Nelis, who has backed WorldRemit since its early stages. Nelis said remittances were still part of “a very fragmented industry,” creating opportunities for Zepz to expand and potentially acquire smaller firms as more customers shift from cash transfers to online services.

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europe, london, remittances, payments