LONDON--( / ) August 26, 2020 -- Today digital, global cross-border payments company WorldRemit announced it has agreed to acquire Sendwave, a rapidly growing app-based remittance company in a cash and stock transaction that is expected to close, subject to licensing and regulatory approvals, in Q4 2020.
Founded in 2014, Sendwave has built a leading and rapidly growing digital remittance service to East and West Africa, and this summer added Bangladesh, its first receiving market in Asia. Sendwave will continue to operate independently and retain its mobile applications, brand, management, employees and key partners.
“Both WorldRemit and Sendwave share a common purpose: allowing customers to easily and cost effectively send financial support to families, friends and businesses in other countries,” said WorldRemit CEO, Breon Corcoran. “WorldRemit has one of the broadest and most accessible networks for money transfers globally. Combining it with Sendwave, which offers instant, no/low-fee and fully digital payments from North America and Europe to Ghana, Nigeria, Senegal and East Africa, addresses customer needs for fast and secure digital payments - especially given today’s travel restrictions and economic turmoil.”
“Our users send money so their loved ones can pay for necessities like utilities, healthcare and school fees. ‘Sendwave’-ing money is as easy as sending a text - one less worry for the hard-working and generous diaspora communities that we serve,” said Will Fogel, CEO Sendwave. “We’re eager to combine WorldRemit’s wide reach with our recipe for success in areas like Kenya, Ghana, and Nigeria. Together, we can achieve a better service for current and future users.”
In the last 12 months, ending 30 June 2020, WorldRemit and Sendwave have sent approximately US $7.5 billion in transfers, generating approximately US $280 million in revenue. This represents a YoY growth of over 50% for the year ended June 2020 relative to historic combined revenues. On a pro forma basis, the combined company will have over 100 send licences including for every US state, across a network that includes 50+/150+ send/receive countries and almost 8,000 payments corridors, a broad footprint that serves a large, but fragmented $715 billion remittances market that the World Bank estimates is growing at a 10% annual CAGR.
WorldRemit was founded in 2010, and serves over 4 million customers. Through our digital services customers can send 90 currencies to 150 countries, across almost 8 thousand corridors. Recipients benefit from one of the widest ranges of money-out options including bank deposit, mobile money, and cash pickup. Our investors include Accel, TCV and Leapfrog. Accel and TCV are long-term investors in well-known brands including AirBnB, Facebook, Spotify and Expedia.
Sendwave was founded by Drew Durbin and Lincoln Quirk with the mission of making sending money cross-borders as easy as sending a text. Upon consummation of the transaction, Sendwave’s founders will continue working on projects that bring access to financial services in Africa, on an independent basis.
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EMMEN, NETHERLANDS--( / ) 소라넷 비아그라자주먹으면 January 23, 2014 -- A new multipurpose hub for the European business of contact lens manufacturer Menicon 소라넷 Co., 찌라시 사정 Ltd. (head office: Nagoya, Japan; CEO 찌라시 귀두확대수술비용 Hidenari Tanaka) has 소라넷 좌골신경통증상 begun its first full year of operations at Emmen, NL (140 km. NE of Amsterdam), following a Dec. 9, 2013 grand opening attended by dignitaries from 중앙로홀덤 EMMEN,Netherlands and Japan.
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In cutting the opening 광활면성인게임장 InMenicon CEO Hidenari Tanaka was assisted by Mr. Cees Bijl (Mayor of Emmen) and Mr. Yutaka Kikuta (Minister of Japan’s embassy 오사동홀덤카페 Inthe 대방동홀덤대회 InAddressing the 120 invited guests, Dr. Tanaka noted that the realization of this new facility marks the successful integration of Menicon and NKL, which 소라넷 인터넷 개인 방송 보기 had been a 찌라시 인터넷 실시간 개인 방송 “formidable competitor” prior to its acquisition by Menicon in 2006. 찌라시
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Meanwhile 헤이코리안 Meanwhileresearchers are working 소라넷 실시간파워볼게임 on innovative lens designs, efficient production processes and the 찌라시 대체진피 next generation of Easyfit 찌라시 교감신경절제술 software to 찌라시 support contact lens fitters all over the world. With 소라넷 실시간파워볼게임사이트 an eye to possible future expansion, the structure has been built at the front of the 13,000 square-meter site, leaving room for another building as needed. 소라넷 필름형발기부전치료제
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찌라시 or찌라시 발기약 소라넷 발기약 our 찌라시 Dutch 소라넷 불임수술 site,
Photos/Multimedia Gallery Available:Emmen Mayor Cees Bijl, Menicon CEO Hidenari Tanaka 소라넷 키노사다리게임규칙 찌라시 Photos/Multimedia찌라시 타다라필 20mg 후기 Japanese diplomat 찌라시 비아그라 자주 먹으면 Yutaka Kikuta 소라넷 파워키노사다리사이트 cut the ceremonial ribbon to open 소라넷 엔트리키노사다리 Menicon's new facility at Emmen, the Netherlands. 찌라시 파워키노사다리중계
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