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
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Sectors
Financial Services
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Worldremit Corp. Dba Sendwave
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$13.8 M (USD)
in 3 rounds
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Latest Funding Round
$9.53 M (USD), Series B
May 13, 2016
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Investors
WorldRemit
& 1 more
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Employee Count
Not available
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Acquired by
WorldRemit
(Aug 25, 2020)
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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.
People of Sendwave
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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.
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.
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Early-stage startups are accelerated via funding and educational programs.
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Banking channel for cross border money transfers
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Investor details for Sendwave
Investor domains, locations, round participation, and complete history require an active premium plan.
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Investments & Acquisitions by Sendwave
Investment portfolio details for Sendwave
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Financial Statements - Sendwave
Detailed financials for Sendwave
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Sendwave Comparisons
Peer comparison for Sendwave
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
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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 year | HQ Location | Description |
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Cross-border payments are enabled via wallet solutions for consumers.
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Cross-border remittances are enabled for individuals through a mobile wallet.
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Banking channel for cross border money transfers
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Cross-border money transfers are enabled via an app-based wallet.
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Cross-border money transfers are enabled via digital wallet.
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Cross-border money transfers are enabled by an app-based digital wallet.
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Detailed competitors of Sendwave
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Latest news on Sendwave
Complete news archive for Sendwave
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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.