London-based Zepz, a digital cross-border payments platform, has secured $292 million in a Series E funding round.

Zepz received the fresh capital from new backers including Farallon Capital and others, as well as previous investors, Leapfrog, Technology Crossover Ventures and Accel.

The company will use part of the new funds to further invest in its technology, platform and customer proposition.

Zepz is also planning to use the proceeds from the round, which has boosted its total valuation to $5 billion, to grow in its existing markets and also extend into new markets.