Zepz, which owns the brands WorldRemit and Sendwave, has a number of around 1,600.
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Zepz, the money transfer group that owns WorldRemit, has made a fresh round of layoffs.
The British fintech unicorn, which is backed by TCV, Accel, Leapfrog and other major venture capital funds, told CNBC exclusively that it has cut 30 roles across its people and marketing functions.
“Zepz has entered into a redundancy consultation that could affect less than 2% of its global headcount,” a Zepz company representative said in an exclusive statement to CNBC.
“Zepz appreciates the contributions these colleagues have made to our company,” the spokesperson added.
“As part of the redundancy package, all affected individuals will be offered support through our Employee Assistance Programme, including training, counseling and re-employment support.”
“In line with our organizational values, our priority is to ensure that all decisions related to redundancies and restructuring are well communicated and delivered with humanity, protecting the privacy of those,” the spokesperson added.
That follows a separate round of layoffs the company began earlier this year.
In May, Zepz cut 26% of its workforce, citing duplication of roles that resulted from its acquisition of Sendwave, another money transfer service.
Zepz has not been immune to the effects of slowing momentum in the digital payments space, which has forced companies to cut costs and, in several cases, lay off staff.
The company turned a profit for the first time last year.
Zepz said that, with this in mind, its focus is on “innovation and continuous improvement for our users, delivering meaningful products that make finance more convenient and accessible for migrant communities.”
“To fully realize our mission to unlock the prosperity of cross-border communities, we sometimes have to make difficult decisions,” Zepz told CNBC.
Zepz has long been touted as an IPO candidate in the UK, but its timeline for achieving that goal is currently unclear. The business was last valued at $5 billion, making it one of the largest and most valuable fintech companies in Europe.