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.
Additional information on the transactions is available here.
The Ashurst team was led by partner and head of FIG M&A, Gavin Weir, supported by associate Vienna Linley. Perkins Coie acted alongside Ashurst as US legal advisers, with a team led by M&A partner David Martinez and fintech partners Dax Hansen and Sam Boro.
