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Sendwave, founded in 2014 and headquartered in Washington, DC, is a mobile money provider that revolutionizes international money transfers. The company's app facilitates instant, no-fee transfers from the US, UK, and Canada to several African countries, including Kenya, Uganda, Tanzania, Ghana, and Nigeria, at competitive rates. Sendwave's mission is to make sending money as easy and affordable as sending a text message.
In a significant development, Sendwave was acquired by WorldRemit in August 2020 for $500 million. Following this acquisition, WorldRemit rebranded to Zepz, incorporating Sendwave into its broader fintech ecosystem. This acquisition has potentially strengthened Sendwave's market position and expanded its reach in the global remittance industry.
As of now, there is no concrete information available regarding Sendwave's IPO prospects. The company has not made any public announcements about plans to go public, and we have not found any credible reports or rumors suggesting an imminent IPO. It's important to note that as a subsidiary of Zepz, Sendwave's future financial decisions may be influenced by its parent company's strategies.
Investors interested in the fintech and remittance sectors should keep an eye on Zepz, Sendwave's parent company, for potential investment opportunities. However, as with any investment decision, it's crucial to conduct thorough research and consider various factors before making any financial commitments.
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While Sendwave's IPO prospects remain uncertain, investors interested in the fintech and money transfer sectors don't have to wait on the sidelines. At Linqto, we offer members access to interests in promising private companies before they go public. Our platform provides opportunities to invest in potential industry leaders like Sendwave, with lower minimum investments than traditional private equity channels. This allows you to diversify your portfolio and potentially benefit from the growth of innovative fintech companies as they revolutionize global money transfers.
*These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO. The information provided above is based on current online discussions and is not intended as investment advice. Linqto does not endorse or guarantee the accuracy of this information, and we strongly recommend conducting your own research or consulting with a professional advisor before making any investment decisions. Linqto cannot be held liable for any investment outcomes resulting from the use of this information.