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 Aug 31, 2026, the latest employee count at Sendwave is 127.

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 Mar 31, 2021.

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 17th amongst 484 active competitors, of which 57 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 Mar 31, 2021

Investors

Y Combinator & 6 more

Ranked

17^th among 484 active competitors

Employee Count

127 as on Aug 31, 2026

Similar Companies

Chipper Cash & 400 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
Sendwave SA CIN: 733531321 , Belgium, Active	Aug 29, 2019	€10M - €50M (As on Dec 31, 2024)	3 (As on Dec 31, 2020)	-
WAVE TRANSFER LIMITED CIN: 9627585 , United Kingdom, Active	Jun 07, 2015	-	33 (As on Dec 31, 2022)
CHIME INC. CIN: 453916341 , United States, Active	Dec 31, 1999	-	112 (As on Dec 31, 2020)	-
WORLDREMIT CORP CIN: 5025208 , United States, Active	Aug 15, 2011	-	709 (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	9351927	Series B	2962793	4929812	3877880	3575179
Oct 30, 2014	5512060	Series A	7055213	9266364	6362845	5715106
2012	4417	Seed	2569	8182	Y Combinator	1870

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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 127 employees as of Aug 26. Here is Sendwave's employee count trend over the years:

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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, Raptor Group & 45 others	77/100
2nd	YouTrip 2018, Singapore (Singapore), Series B	NFC-enabled travel cards and multi-currency wallet transfer service for travelers	$106M	Lightspeed Venture Partners, Insignia Ventures 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 ... & 13 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	nsave 2022, London (United Kingdom), Series A	Multi-currency accounts and investment service provider	$22.5M	TQ Ventures, Y Combinator & 10 others	71/100
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	Telcoin 2013, Los Angeles (United States), Seed	Wallet-enabled cross-border payment solution for consumers	$35M	East Ventures, Skyblock Capital & 5 others	67/100
10th	Pomelo 2019, San Francisco (United States), Acquired	Online cross-border remittance platform for individuals	$60M	Xfund, The Weeknd & 11 others	66/100
17th	Sendwave 2011, Boston (United States), Acquired	Mobile wallet provider enabling cross-border money transfers	$13.8M	Serena Ventures, Initialized Capital & 5 others	58/100