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September 29, 2023
Finance Technologies

Worldremit acquires fellow remittance firm Sendwave

WorldRemit announced it has agreed to acquire remittance company Sendwave for an undisclosed sum in cash and stock. Boston-based Sendwave has remittance ops in Africa and Bangladesh Sendwave operates a digital remittance service to East and West Africa, as well as a new presence in Bangladesh. The deal is an expansion of WorldRemit’s services via Sendwave’s low-fee East and West African remittance options. Sendwave will continue independently and retain its mobile applications, brand, employees and key partners. WorldRemit CEO, Breon Corcoran, says the two firms “share a common purpose”. Sendwave, based in Boston, launched in 2014. The firm says its…
Worldremit acquires fellow remittance firm Sendwave

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