Sendwave

Acquired

Sendwave is a mobile remittance app enabling instant, low-cost money transfers from the US, UK, Canada, and Europe to countries across East and West Africa and Asia. The company pioneered direct-to-mobile money transfers, allowing users to send money from their smartphone with minimal fees. Founded by Drew Durbin and Lincoln Quirk after meeting as freshman hallmates at Brown University, the company participated in Y Combinator's W12 batch. By 2020, Sendwave was facilitating billions of dollars in annual transfers. Acquired by WorldRemit (now Zepz) in February 2021 for approximately $500 million.

Founders Drew Durbin, Lincoln Quirk
CEO Drew Durbin

Company

Founded
2012
Headquarters
Boston, US
Employees
201-500

Financials

Total Funding
$14M
Sectors
Fintech Payments
www.sendwave.com

Funding History

3 rounds
Acquired by WorldRemit (Zepz) Feb 12, 2021
$500M
Series B May 13, 2016
$10M
Valor Equity Partners (Lead) Initialized Capital
Series A Sep 1, 2014
$4M
Initialized Capital (Lead) Partech Serena Ventures
Seed Mar 1, 2012
Undisclosed
Y Combinator (Lead)

Funding data is compiled from multiple independent sources including company announcements, press coverage, and regulatory filings. While we strive for accuracy, amounts and dates may reflect reported figures at time of announcement.