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
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Worldremit Corp. Dba Sendwave
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Annual Revenue
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Net Profit
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EBITDA
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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
Employee Count
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Mobile application for quick and secure international money sending.
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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.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $9.5M
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2016 | Amount | Series B - Sendwave | Valuation |
investors |
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| Oct, 2014 | Amount | Series A - Sendwave | Valuation |
investors |
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| Jun, 2012 | Amount | Seed - Sendwave | Valuation | Y Combinator |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage startups are accelerated via funding and educational programs.
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Founded Year | Domain | Location | |
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Banking channel for cross border money transfers
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Sendwave
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Sendwave
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Sendwave Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cross-border payments are enabled via wallet solutions for consumers.
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| domain | founded_year | HQ Location |
Cross-border remittances are enabled for individuals through a mobile wallet.
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| domain | founded_year | HQ Location |
Banking channel for cross border money transfers
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| domain | founded_year | HQ Location |
Cross-border money transfers are enabled via an app-based wallet.
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| domain | founded_year | HQ Location |
Cross-border money transfers are enabled via digital wallet.
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| domain | founded_year | HQ Location |
Cross-border money transfers are enabled by an app-based digital wallet.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Sendwave
Frequently Asked Questions about Sendwave
When was Sendwave founded?
Sendwave was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Where is Sendwave located?
Sendwave is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Who is the current CEO of Sendwave?
Drew Durbin is the current CEO of Sendwave. They have also founded this company.
Is Sendwave a funded company?
Sendwave is a funded company, having raised a total of $13.8M across 3 funding rounds to date.
What does Sendwave do?
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.
Who are the top competitors of Sendwave?
Sendwave's top competitors include Chipper Cash, Taptap Send and WorldRemit.
What products or services does Sendwave offer?
Sendwave offers Sendwave App.
Who are Sendwave's investors?
Sendwave has 2 investors. Key investors include WorldRemit, and Y Combinator.
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