Fundraising Fox

Sendwave

acquired by WorldRemitYC W12YC Top Company

Boston, US · Founded 2014 · 350 employees · 8 known investors

Find your way into Sendwave

131 people in our graph share verified history with the Sendwave team — schools, employers, funds. One of them is your warm intro.

Brian Bustamante-Nicholsonunlockedknows Drew Durbin · together at Brown University (overlapped)
×11knows the team · via Brown University

Sendwave provides international money transfer services designed to simplify remittances through digital channels with low fees and fast transfers, serving customers who want to send money across borders without visiting physical locations.

Also known as Brew · Chime · Wave

B2B MarketplacesFintechPaymentsUnited States of AmericaAmerica / CanadaFully Remote

Founders & leadership· Y Combinator alumni (W12)

Sendwave was founded in 2014 by Drew Durbin.

DDDrew Durbin
Drew Durbinin𝕏Founder & CEO2012–2020Drew Durbin is the founder and CEO of Sendwave, which provides digital international money transfer services designed to reduce fees and processing times for cross-border remittances.

Investors · 8

Y CombinatorSan Francisco · $500K
AccelreportedPalo Alto · $1.6M – $70M
Founders FundreportedSan Francisco · $500K – $5M
Initialized CapitalreportedSan Francisco · $1M – $5M
TCVreportedMenlo Park · $10M – $500M
Valor Equity PartnersreportedChicago

Also in the syndicate · 2

Farallon CapitalLeapfrom

Funding

SEC filings, press & company announcements

Source: company announcements and press reports — follow each round's link for the claim.

Founder mafia

3 people who came through Sendwave went on to found or lead other companies.

Drew DurbinFounder/CEOFounded Wave Mobile Money Holdings +1Wei DengProduct Manager and Business OperationsFounded Clipboard Health +1Maxwell ObiHead of West Africa PartnershipsFounded Waza

Competitors · 5

by search overlap
Wise24940 shared keywordsWise is a financial platform offering international money transfers, multi-currency accounts, and debit cards with low fees and competitive exchange rates, serving millions of users globally.
Revolut21794 shared keywordsLondon-based digital banking app offering multi-currency accounts, cards, trading and business accounts to 65m+ customers.
Remitly18058 shared keywordsRemitly is an international money transfer service that enables customers to send money across borders to multiple countries.
Transfer Go14261 shared keywordsTransferGo is a financial platform that enables money transfers and financial services for people and businesses across borders, serving expatriates, freelancers, and international users in over 160 countries.
Instarem13822 shared keywordsInstarem operates a cross-border money transfer service enabling individuals and small-to-medium businesses to send funds internationally with competitive exchange rates and low fees. The platform serves customers across more than 60 locations globally, having processed over $6 billion in annual transfers.

Companies competing with Sendwave for the same Google search keywords, organic and paid, via search-intersection analysis.

In the news

Black-Founded Fintech Unicorn Zepz Raises $267M - UrbanGeekzurbangeekz.com · Oct 2024African fintech Wave cuts 15% of its staff in Junetechcrunch.com · Jul 2022Wave raised $200 million in a Series A funding round - Smart Brandingsmartbranding.com · Sep 2021WorldRemit to Acquire Sendwave in $500 Million Payments Dealbloomberg.com · Aug 2020

Frequently asked questions

What does Sendwave do?
Sendwave provides international money transfer services designed to simplify remittances through digital channels with low fees and fast transfers, serving customers who want to send money across borders without visiting physical locations.
Who founded Sendwave?
Sendwave was founded by Drew Durbin in 2014.
Who are Sendwave's investors?
Sendwave's investors include Y Combinator, Accel, Founders Fund, Initialized Capital, TCV, Valor Equity Partners.
Who acquired Sendwave?
Sendwave was acquired by WorldRemit.
Where is Sendwave headquartered?
Sendwave is headquartered in Boston, US.