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$5 billion fintech Zepz looks to take on rivals like PayPal with digital wallet, M&A plans

Zepz, which owns the WorldRemit and Sendwave brands, has a total headcount of around 1,600.

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LONDON — Zepz, the owner of money transfer firms WorldRemit and Sendwave, is on the hunt for mergers and acquisitions after cutting 26% of its workforce last month, the company’s CEO told CNBC.

With a $5 billion valuation, Zepz is one of the largest fintech companies in Europe, backed by leading investors…

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