Fintech unicorn Zepz to lay off 20% of its global workforce, sources say

Published On Feb 12, 2025, 5:43 AM

Zepz, a fintech unicorn and digital remittances company based in London, is laying off approximately 200 employees, which is about 20% of its global workforce. This decision is part of a broader strategy to streamline operations for upcoming growth, following successful automation and technology optimization. Along with the layoffs, Zepz is also closing business units in Kenya and Poland. The company had previously conducted layoffs in 2023 and has been positioned as a strong player in the fintech space with a potential for an IPO, though there is no set timeline for this.