About Sendwave
Sendwave is a company based in Boston (United States) founded in 2011 by Drew Durbin and Lincoln Quirk was acquired by WorldRemit in August 2020. Sendwave has raised $13.8 million across 3 funding rounds from investors including WorldRemit and Y Combinator. Sendwave offers products and services including Sendwave App. Sendwave operates in a competitive market with competitors including MoneyGram, Chipper Cash, WorldRemit, Wave Systems and PaySend, among others.
- Headquarter Boston, United States
- Founders Drew Durbin, Lincoln Quirk
- SectorsFinancial Services
- Website category Community and Society · Philanthropy
- Email••••••••
- Phone•••• ••••
- Website sendwave.com/en
- Social LinkedIn X Facebook Instagram
- Acquired by WorldRemit (Aug 2020)
- Legal Name Worldremit Corp. Dba Sendwave
- Total Equity Funding$13.8M (USD)
in 3 rounds
- Latest Funding Round$9.53M (USD), Series B
May 2016
- InvestorsWorldRemit
& 1 more
- Acquired byWorldRemit
(Aug 2020)
Products & Services of Sendwave
Sendwave offers a comprehensive portfolio of products and services, including Sendwave App.
Mobile application for quick and secure international money sending.
Apps and channels of Sendwave
Sendwave publishes 2 mobile apps with over 5M+ downloads.
Funding Insights of Sendwave
Sendwave has successfully raised a total of $13.8M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $9.53 million completed in May 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $13.8M
- Total Rounds 3
- Last Round Series B — $9.53M
- Investors Count 1
All 3 funding rounds of Sendwave with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2016 | $9.53M | Series B | – | – | – |
| Oct 2014 | $4.27M | Series A | – | – | – |
| Jun 2012 | – | Seed | – | Y Combinator | – |
2 investors in total: 2 institutional.
Investors in Sendwave
Sendwave has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include WorldRemit and Y Combinator.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage startups are accelerated via funding and educational programs. | – | ycombinator.com | Mountain View, United States | |
Banking channel for cross border money transfers | 2010 | worldremit.com | London, United Kingdom |
Investor details for Sendwave
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Sendwave
12 people are tracked at Sendwave (10 in leadership, 2 in team).
| Name | Role | Group |
|---|---|---|
Drew Durbin | Founder & CEO | Leadership |
Lincoln Quirk | Founder | Leadership |
Barrie Morris | CFO | Leadership |
Kevin Odiorne | Head Of Finance | Leadership |
Jaylee Momplaisir | Director of Global Talent & DEI Leader | Leadership |
Brittany Partridge | Head of Delivery Operations | Leadership |
Lara Oyesanya | Chief Legal Officer & General Counsel | Leadership |
Akshay Navle | COO | Leadership |
Mark Lenhard | Group CEO | Leadership |
Justine Dinter | Chief People Officer | Leadership |
Pauline Atieno | Senior Recruiter | Team |
Carol W. | Talent Acquisition Lead | Team |
Complete people profiles for Sendwave
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Sendwave
4 dated milestones of Sendwave across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Sendwave is founded.
- Funding First funding round.
- Funding Latest funding round, Series B, of $9.5M.
- Exit Acquired by WorldRemit.
Competitors of Sendwave
Sendwave operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MoneyGram, Chipper Cash, WorldRemit, Wave Systems and PaySend, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| moneygram.com | 1940 | Dallas, United States | – | – | Cross-border payments are enabled via wallet solutions for consumers. | |
| chippercash.com | 2018 | San Francisco, United States | $302.2M | – | Cross-border remittances are enabled for individuals through a mobile wallet. | |
| worldremit.com | 2010 | London, United Kingdom | $623.96M | 263 | Banking channel for cross border money transfers | |
| wave.com | 1996 | Lee, United States | $326.26M | – | Cross-border money transfers are enabled via an app-based wallet. | |
| paysend.com | 2015 | Valletta, Malta | $226.9M | – | Cross-border money transfers are enabled via digital wallet. | |
| taptapsend.com | 2018 | London, United Kingdom | $78.36M | – | Cross-border money transfers are enabled by an app-based digital wallet. | |
| bkash.com | 2011 | Dhaka, Bangladesh | $261M | – | Mobile financial services and payment system for consumers | |
| you.co | 2018 | Singapore | $105.5M | – | NFC-enabled travel cards and wallets are provided for travelers. | |
| lemfi.com | 2020 | Maidstone, United Kingdom | $86.85M | – | Cross-border payments are enabled for sending and receiving money internationally. |
Detailed competitors of Sendwave
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Sendwave
The website of Sendwave (sendwave.com) receives about 1.2M visits a month and ranks #68,137 among all websites worldwide, #842 in Philanthropy.
- Monthly visits1.2M
▲ 13.3% vs previous month
- Unique visitors477.1K
per month
- Global rank#68,137
among all websites
- Category rank#842
Community and Society · Philanthropy
- Bounce rate61%
- Pages per visit1.5
- Average visit56 sec
- DevicesDesktop 13% · Mobile 87%
Latest news on Sendwave
Complete news archive for Sendwave
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Sendwave
10 companies that operate in the same segment as Sendwave (Payments & Remittance Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 4.14 B | – | – | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | – | – | |
Payment processing and card issuance solutions are provided for businesses. | 2009 | San Francisco, California, United States | USD 9.81 B | – | – | |
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 2,360 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 742 M | USD 302.19 M | 2,641 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 3.21 B | – | – | |
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 604.02 M | USD 179.52 M | 709 | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Online payment processing and credit solutions are provided for businesses. | 2002 | Amsterdam, Netherlands | USD 35.15 M | USD 5.47 B | 1,200 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Frequently Asked Questions about Sendwave
Sendwave was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Sendwave is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Drew Durbin is the current CEO of Sendwave. They have also founded this company.
Sendwave is a funded company, having raised a total of $13.8M across 3 funding rounds to date.
Sendwave was founded in 2011 and is headquartered in Boston, United States. The company operates in the fintech sector, offering a mobile wallet application for cross-border money transfers. Services include real-time updates and notifications on transfer statuses, with the app available on both iOS and Android platforms. Operations focus on enabling efficient remittances to various international destinations.
Sendwave's top competitors include Chipper Cash, Taptap Send and WorldRemit.
Sendwave offers Sendwave App.
Sendwave has 2 investors. Key investors include WorldRemit, and Y Combinator.
Sendwave operates through Worldremit Corp. Dba Sendwave.
Yes. Sendwave was acquired by WorldRemit in August 2020.
Yes. Sendwave publishes Sendwave—Send Money and 1 more app, with over 5 million downloads.
The website of Sendwave receives about 1.2 million visits a month and ranks #68,137 among all websites worldwide.