Global law firm Ashurst has advised Zepz, the global payments group behind WorldRemit and Sendwave, on its acquisition of a key credit based product from Pomelo, a platform that integrates consumer credit and global remittances with a credit card designed for money transfer.
Pomelo is a San Francisco-based fintech company focused on cards, lending and credit building, with a strong presence in the Philippines. The acquisition represents a key step in Zepz's evolution beyond remittances, enabling the company to support more of the financial lives of cross-border communities and underserved customers across the Global South.
This acquisition further extends Zepz's capabilities into cards, lending, credit and longer-term financial tools.
/Public Release. This material from the originating organization/author(s) might be of the point-in-time nature, and edited for clarity, style and length. Mirage.News does not take institutional positions or sides, and all views, positions, and conclusions expressed herein are solely those of the author(s).
