Zepz, the parent company of global payment services WorldRemit and Sendwave, has announced a significant leadership transition. Chief Executive Officer Mark Lenhard will be stepping down from his role in the coming weeks after a successful period of transformation. The company's board has appointed current Chief Financial Officer, Barrie Morris, as Interim CEO to guide the organization forward.
A Strategic Transition
The Board of Directors has initiated a formal process to identify a permanent successor to lead the company's next chapter. Board Chair Melissa Birge expressed full confidence in Barrie Morris and the executive team to ensure continuity and focus during this transition. The board also extended its gratitude to Mark Lenhard for his contributions and leadership in transforming the business.
Experienced Interim Leadership
Barrie Morris brings over 25 years of extensive financial services experience to his new interim role. Since joining Zepz as CFO in 2023, he has been instrumental in strengthening the company’s financial strategy and operational foundations. His prior experience includes successfully scaling private equity-backed financial services companies through to their sale.
In his new capacity, Morris plans to maintain the company's current momentum, stating that Zepz enters this phase from a position of financial strength. He emphasized his focus will be on executing the company's strategy at pace and expanding its global reach. This includes continued investment in products and infrastructure designed to drive long-term growth for its customer base.
Building on a Foundation of Growth
The leadership change follows a year of robust financial performance and accelerated growth for the payments group. In 2025, Zepz successfully transferred over $17 billion for its customers and processed more than 120 million transactions across 130 countries. This operational scale was achieved alongside the significant milestone of reaching cash flow profitability.
The company's growth trajectory is further highlighted by a 25% increase in revenue during the fourth quarter of 2025. Looking ahead, Zepz projects continued expansion with an expected revenue growth of approximately 20% for the 2026 fiscal year. This positive outlook is built upon a leaner, more resilient business model refined over the past few years.
A Legacy of Innovation
Mark Lenhard's tenure was marked by a significant strategic evolution that strengthened Zepz's global platform. He successfully oversaw the unification of the company into a single, cohesive organization, creating a profitable and fast-growing customer base. Lenhard noted that the business is in a great place with clear momentum for its next phase.
Under his leadership, Zepz also broadened its product offerings as part of its mission for financial empowerment. Key recent initiatives include the launch of the Sendwave Wallet in over 100 countries, expanding its platform capabilities. The strategic acquisition of Pomelo further extended the company's services into cards and credit.
Zepz is navigating this executive transition from a strong operational and financial standpoint, poised for continued acceleration. The appointment of an experienced internal leader as Interim CEO ensures stability while the company builds on its recent successes in product innovation and market expansion. The firm's focus remains on executing its growth strategy and delivering long-term value to its global customers.