Sequoia Capital, Founders Fund, Stripe and Ribbit Capital led a $200 Series A funding round in Sendwave.

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.