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Evening Standard

Business

Simon Hunt

London fintech Zepz edges closer to profitability after sales jump

Money transfer fintech Zepz today took a step forward to full-year profitability after it announced a boost in sales.

The City-based business, which owns the WorldRemit and SendWave brands and was valued at $5 billion in a 2021 funding round, said it had reached EBITDA profitability in 2022 and saw its net losses contract 59% to $61 million.

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