Announced
Completed
Financials
Sources
Tags
Friendly
Minority
Private
app
remittance company
FinTech
United States
Private Equity
Acquisition
Senegal
Venture Capital
Cross Border
Completed
Synopsis
Investment firms Sequoia Capital, Founders Fund, Stripe and Ribbit Capital led a $200 Series A funding round in Sendwave, a developer of remittance platform designed to help users to send money cross-borders seamlessly. Other investors include Partech Africa and Sam Altman. “We saw an opportunity to make a bigger impact by trying to build a better, much more affordable mobile money service than the telcos are building throughout much of sub-Saharan Africa. We didn’t see any companies besides the telcos trying to solve that problem," Drew Durbin, Sendwave Co-Founder.
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