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- Zelle Hits a Trillion, Zepz Shrinks
Zelle Hits a Trillion, Zepz Shrinks
Fintech’s Reality Check
Welcome to Fintech Wire — your quick guide to what’s shaping finance and tech today.
What we’ll cover today:
✅ Zelle smashes the $1T mark—is banking-backed fintech winning?
✅ Zepz cuts 200 jobs—another fintech unicorn feeling the squeeze?
✅ What fintech leaders are saying—bold takes on the next big shift.
✅ Upcoming fintech events—where the industry’s biggest names are meeting next.
Zepz, the fintech unicorn behind money transfer platforms WorldRemit and Sendwave, is cutting 200 jobs as part of a restructuring move.
🚨 Breaking News:
Zepz is trimming its workforce to streamline operations, citing cost-cutting measures and efficiency improvements amid the competitive fintech landscape.
⚡ Wire Simplified:
Zepz owns WorldRemit and Sendwave, popular global money transfer services.
The company is laying off 200 employees as part of cost-saving efforts.
It previously raised $292M and was valued at $5B in 2021.
Fintech companies are under pressure as funding slows down.
Employees impacted are expected to be in multiple departments.
✔️ Straight to the Point:
Zepz is tightening its belt, reflecting broader fintech struggles. Will this leaner approach help them thrive, or is trouble brewing?
💰 Is this a smart move for Zepz? |
Zelle, the bank-backed digital payment system, processed over $1 trillion in transactions last year, showing its massive growth in the fintech space.
🚨 Breaking News:
Zelle's payment volume skyrocketed in 2024, surpassing major competitors like Venmo and Cash App, proving that banks still dominate digital payments.
⚡ Wire Simplified:
Zelle is owned by major US banks like JPMorgan, BofA, and Wells Fargo.
It handled over 2.5 billion transactions in 2024.
Unlike Venmo or Cash App, Zelle moves money directly between bank accounts.
Banks love it because there are no middlemen like PayPal.
Fraud concerns persist, but Zelle remains wildly popular for instant transfers.
✔️ Straight to the Point:
Zelle is proving that banks still rule digital payments, but with fraud concerns lingering, will users stick around for the long haul?
📱 Do you trust Zelle for payments? |
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Singapore FinTech Festival 2025
The Singapore FinTech Festival is one of the world's largest FinTech events, bringing together industry leaders, startups, and investors to discuss the future of financial technology. The event features conferences, exhibitions, and networking opportunities.
Date: November 9–13, 2025 | Location: Singapore
What do you think about today’s edition? |
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