Sendwave is a mobile-first remittance company that specializes in enabling instant money transfers from North America, Europe, and Asia to mobile wallets and bank accounts in Africa, Asia, and other emerging markets.[1] Sendwave operates as a separate brand under Zepz, formerly WorldRemit Group, following an acquisition in 2021.[2]
History
Sendwave was founded in 2014 and was owned by Chime Inc. to facilitate remittances to African countries, starting with Kenya and Ghana. The company emphasized direct transfers to mobile money wallets, reflecting the growing adoption of mobile financial services in Africa.[3][4][5]
The first Sendwave markets outside of Africa launched in 2020, targeting South Asian countries such as Bangladesh and Sri Lanka.[6]