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.

Who is the current CEO of Sendwave?

Drew Durbin of Sendwave. They have also founded 2 companies.

How many employees does Sendwave have?

As of Jun 30, 2026, the latest employee count at Sendwave is 128.

Is Sendwave a funded company?

Sendwave is a funded company, having raised a total of $13.8M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on 2012.

How much is Sendwave worth?

The last known valuation of Sendwave was $***** as of Sep 01, 2024.

When was the latest funding round of Sendwave?

Sendwave's latest funding was a $***** Series B round on May 13, 2016, with participation from 0 investor.

Where does Sendwave rank among its competitors?

Sendwave ranks 18th amongst 394 active competitors, of which 55 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was LemFi, which secured an undisclosed amount in May, 2026.

Who are the top competitors of Sendwave?

Sendwave's top competitors include Chipper Cash, YouTrip and LemFi. Among them, LemFi secured the most recent funding round in May, 2026.

Sendwave - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Sendwave provides a mobile wallet provider enabling cross-border money transfers. Users are given updates and notifications on the transfer status. The app can be accessed on iOS and Android devices.

Website: www.sendwave.com/en
Social
Email ID: *****@sendwave.com
Phone Number: +1 **********
Registered Address: Boston, Massachusetts

Key Metrics

Founded Year

2011

Location

Boston, United States

Stage

Acquired

Total Funding

$13.8M in 3 rounds

Latest Funding Round

Series B, May 13, 2016, $*****

Last Known Valuation

$***** as on Sep 01, 2024

Investors

Y Combinator & 6 more

Ranked

18^th among 394 active competitors

Employee Count

128 as on Jun 30, 2026

Similar Companies

Chipper Cash & 381 more

Exit Details

Acquired by WorldRemit (Aug 25, 2020)

View Sendwave's full profile

Sendwave is associated with 4 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
CHIME INC. CIN: 453916341 , United States, Active	Dec 31, 1999	-	112 (As on Dec 31, 2020)	-
WAVE TRANSFER LIMITED CIN: 9627585 , United Kingdom, Active	Jun 07, 2015	-	33 (As on Dec 31, 2022)
WORLDREMIT CORP CIN: 5025208 , United States, Active	Aug 15, 2011	-	709 (As on Dec 31, 2020)	-
Sendwave SA CIN: 733531321 , Belgium, Active	Aug 29, 2019	€10M - €50M (As on Dec 31, 2024)	3 (As on Dec 31, 2020)	-

Sendwave got acquired by WorldRemit on Aug 25, 2020.

Click here to take a look at Sendwave's acquisition in detail

Sendwave has raised a total funding of $13.8M over 3 rounds. Its first funding round was on 2012. Sendwave has 7 institutional investors.

Here is the list of recent funding rounds of Sendwave:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 13, 2016	8997080	Series B	4315862	3515272	4059311	8926619
Oct 30, 2014	8256524	Series A	8247769	2540667	8107140	3352111
2012	4640	Seed	4311	1552	Y Combinator	6324

Access funding benchmarks and valuations. Sign up today!

View details of Sendwave's funding rounds and investors

The founders of Sendwave is Drew Durbin. Drew Durbin is the CEO of Sendwave.

Here are the details of Sendwave's key team members:

Drew Durbin: Former Founder & CEO of Sendwave and founder of 1 other company.
Contact Info: 1 email address

View details of Sendwave's Founder profiles and Board Members

Sendwave's employee count trend

Sendwave has 128 employees as of Jun 26. Here is Sendwave's employee count trend over the years:

Uncover Sendwave's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Sendwave include Chipper Cash, YouTrip and LemFi. Here is the list of Top 10 competitors of Sendwave, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Chipper Cash 2018, San Francisco (United States), Series C	Cross-border remittance platform for individuals	$305M	Deciens Capital, Ribbit Capital & 45 others	78/100
2nd	YouTrip 2018, Singapore (Singapore), Series B	NFC-enabled travel cards and multi-currency wallet transfer service for travelers	$106M	Insignia Ventures Partners, Lightspeed Venture Partners ... Read more	75/100
3rd	LemFi 2020, London (United Kingdom), Series B	Provider of global money transfer and multi-currency wallet services	$86.9M	Highland Europe, Global Founders Capital ... & 12 others	74/100
4th	PaySend 2015, Valletta (Malta), Series B	Provider of international money transfer services enabling fast, low-cost cross-border payments	$252M	Mastercard, GVA & 12 others	73/100
5th	bKash 2011, Dhaka (Bangladesh), Series C	Mobile financial services and payment system for consumers	$261M	SoftBank Vision Fund, Alipay & 3 others	73/100
6th	Telcoin 2013, Los Angeles (United States), Seed	Wallet-enabled cross-border payment solution for consumers	$35M	East Ventures, Skyblock Capital & 5 others	70/100
7th	Taptap Send 2018, London (United Kingdom), Series B	App-based digital wallet for cross-border money transfers	$80M	Spark Capital, Canaan & 14 others	69/100
8th	Sling Money 2022, Dover (United States), Series A	Fintech platform providing a global payment solution	$20M	Ribbit Capital, Union Square Ventures & 2 others	68/100
9th	Airtm 2015, Mexico City (Mexico), Series A	Wallet for cross-border money transfers	$24.6M	IGNIA, Stellar & 9 others	66/100
10th	iBanFirst 2013, Paris (France), Acquired	Provider of cross-border payment and currency risk management solutions	$51.9M	Serena, Elaia & 4 others	65/100
18th	Sendwave 2011, Boston (United States), Acquired	Mobile wallet provider enabling cross-border money transfers	$13.8M	Partech Partners, Serena Ventures & 5 others	58/100