Sendwave

Sendwave

No-fee international remittance transfers via app

Overview

Sendwave (operated by Zepz) provides international money transfers aimed at individuals sending money to friends and family abroad. The service lets users link debit cards, verify identity, and send money quickly via a mobile app. It operates in the US, Canada, the UK, and the EU, serving mainly immigrants and expatriates sending remittances to regions such as Africa, the Philippines, and Haiti. Unlike many rivals, Sendwave does not charge transfer fees; instead it earns revenue from the margin between the exchange rate offered to customers and the foreign currency purchase rate. The app includes 24/7 customer support for help at any time. Overall, the goal is to offer fast, secure, and cost-effective international transfers with a user-friendly experience and trusted regulatory compliance.

YC Company

About Sendwave

Simplify's Rating
Why Sendwave is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Fintech

Financial Services

Company Size

51-200

Company Stage

Acquired

Total Funding

$130K

Headquarters

Washington DC, District of Columbia

Founded

2017

Get referred to Sendwave

See people who can refer or advise you

Simplify Jobs

Simplify's Take

What believers are saying

  • The January 1, 2026 U.S. remittance tax exempts Sendwave's digital transfers.
  • Zepz partnered with TRM Labs in March 2026 to harden stablecoin controls.
  • Zepz acquired Pomelo in January 2026, expanding credit services for migrant customers.

What critics are saying

  • Mark Lenhard stepped down March 9, 2026, signaling strategic instability at Zepz.
  • Zepz cut 420 jobs in 2023, hitting customer care and engineering teams.
  • Stablecoin remittances increase compliance and custody risk; a Solana failure would cripple adoption.

What makes Sendwave unique

  • Sendwave pairs zero-fee remittances with direct MTN and Orange Money delivery in Cameroon.
  • Zepz launched Sendwave Wallet in October 2025, adding USDC storage and spending.
  • Sendwave Pay gives U.S. migrants FDIC-insured banking and remittance discounts.

Help us improve and share your feedback! Did you find this helpful?

Funding

Total Funding

$130k

Below

Industry Average

Funded Over

2 Rounds

Notable Investors:
Acquisition funding comparison data is currently unavailable. We're working to provide this information soon!
Acquisition Funding Comparison
Coming Soon

Benefits

Unlimited Paid Time Off

Private Medical Cover

Retirement

Life Assurance

Parental Leave

Remote Work Options

Growth & Insights and Company News

Headcount

6 month growth

-35%

1 year growth

-35%

2 year growth

-35%
Afrirate
Jul 1st, 2026
Sending money to Cameroon from the UK: A 2026 guide.

Sending money to Cameroon from the UK: A 2026 guide. Cameroon sits at an interesting crossroads - it has both Francophone and Anglophone communities in the UK, a well-developed mobile money ecosystem through MTN and Orange, and a currency (the Central African CFA Franc, XAF) that is pegged to the Euro. That last point makes exchange rates more stable than most African corridors, but it doesn't mean all providers offer the same deal. MTN Mobile Money and Orange Money - The default choice. The majority of money sent to Cameroon lands in either an MTN Mobile Money or Orange Money wallet. Bank transfers work too, but mobile money is faster, more accessible, and what most recipients prefer. The good news is that several UK-based providers now support both networks directly. Sendwave in particular has built strong direct integration with both MTN and Orange in Cameroon - transfers typically arrive within minutes with no fee charged. Lemfi and Taptap Send also support mobile money delivery to Cameroon and consistently offer competitive rates. How providers stack up. Sendwave. Zero fees, direct MTN and Orange Money delivery, typically arrives within minutes. One of the strongest options for Cameroon specifically. Lemfi. Zero fees and competitive rates. Good app experience and instant delivery to mobile money wallets. Taptap Send. Another zero-fee option with solid mobile money support for Cameroon. Worth comparing against Sendwave since rates fluctuate daily. WorldRemit. Supports mobile money, bank transfer and cash pickup in Cameroon. A small fee applies but delivery options are broader. Remitly. Reliable provider with competitive rates for Cameroon. Small fee applies but worth checking on larger transfers. Wise. AfriRate Partner Bank transfer only for Cameroon, but the mid-market rate with transparent fees makes it worth considering for larger amounts or recipients with bank accounts. First-transfer code £500 sent fee-free Rates at a glance. | Provider | Fee | Approx. Rate | Mobile Money | | | Sendwave | FREE | FCFA766/£ | | | | | Lemfi | FREE | FCFA763/£ | | | | | Taptap Send | FREE | FCFA760/£ | | | | Wise | ~£1.50 | FCFA758/£ | | | | WorldRemit | £1.99 | FCFA751/£ | | | | Remitly | £2.99 | FCFA748/£ | | | | Western Union | £4.99 | FCFA730/£ | | | Common questions. Is the XAF rate stable? More so than most African currencies - the CFA Franc is pegged to the Euro, which keeps it from the sharp swings seen in NGN or GHS. That said, the GBP/EUR rate still moves, so XAF rates do shift week to week. Can I send to both French and English-speaking Cameroon? Yes - all providers listed serve the whole country. MTN Mobile Money and Orange Money operate nationwide across both linguistic regions. How fast do transfers arrive? Sendwave, Lemfi and Taptap Send typically deliver within minutes to mobile money wallets. Bank transfers take 1-2 business days. Best for MTN & Orange Money Send to Cameroon with Sendwave. Zero fees - MTN & Orange Money - Instant delivery Always verify rates on Sendwave before sending. Mobile Money & Cash Pickup Send with WorldRemit. Mobile money - Bank transfer - Cash pickup - Fast delivery Always verify rates on WorldRemit before sending. Trusted Global Provider Send to Cameroon with Remitly. Fast delivery - Reliable transfers - Mobile Money supported Always verify rates on Remitly before sending. AfriRate Exclusive New to Wise? First £500 fee-free. See today's Cameroon rates.

PYMNTS
Mar 27th, 2024
Cfpb Warns Remittance Transfer Providers About Making False Claims

The Consumer Financial Protection Bureau (CFPB) has issued a circular warning remittance transfer providers about making false claims regarding the cost and speed of international money transfers. False advertising of that sort can violate federal law, the agency said in a Wednesday (March 27) press release. This caution applies to both traditional providers of international money transfers and to digital wallets that offer that capability. “Consumers should not be paying junk fees on international money transfers that are advertised as free,” CFPB Director Rohit Chopra said in the release. “The CFPB will continue to work with law enforcement to ensure companies don’t illegally burden families with fees or inflated exchange rates using false or misleading claims.”

PYMNTS
Mar 22nd, 2024
Sigue Halts Money Transmission Activity Following Financial Regulators’ Consent Order

Sigue Corp. has stopped its money transmission activities after being ordered to do so by financial regulatory agencies from 39 states, Puerto Rico and the District of Columbia.“We are no longer processing new money transfers, money orders or bill payment transactions through agents, branches or our SiguePay mobile application, and we are making every effort to refund those transactions that remain outstanding,” a notice on the company’s website said Friday (March 22).The financial regulatory agencies announced their consent order in a Friday press release, saying that Sigue failed to satisfy outstanding money transmission liabilities, violating state law, and “can no longer responsibly serve customers due to its declining financial position.”“This coordinated state action will help customers get resolution more quickly and prevent Sigue from serving any new customers regardless of where they live,” Lisa Kruse, commissioner at the North Dakota Department of Financial Institutions and chair of the Conference of State Bank Supervisors (CSBS), said in the release.Over the past several months, Sigue experienced significant financial deterioration, failed to complete multiple money orders and transmissions, and failed to maintain adequate net worth and permissible investments to cover its outstanding liabilities, according to the release.State regulators identified the company’s troubled financial position and coordinated the consent order with the help of the CSBS and the Money Transmitter Regulators Association (MTRA), the release said.The consent order requires Sigue to preserve all books and records, and provide access to them, and states will use the company’s signed declarations to help impacted customers with the claims process, per the release.“This consent order means states with one impacted customer can provide the same remedy as states with thousands,” Karyn Tierney, director of consumer services at the Arkansas Securities Department and vice president of MTRA said in the release. “It also preserves states’ ability to take additional actions on customers’ behalf as investigations continue at the state and federal level.”In another regulatory action in this space, the Consumer Financial Protection Bureau (CFPB) said in October that took action against Chime Inc., the operator of the Sendwave mobile app, for deceiving customers about the speed and cost of remittance transfers.Chime Inc. is not connected to the California-based FinTech Chime Financial

PYMNTS
Nov 30th, 2023
Money Transfer Service Zepz Cuts 2% Of Staff

British money transfer firm Zepz has reportedly made another round of job cuts. The company, which owns remittance platforms WorldRemit and Sendwave, has laid off 30 workers, according to a CNBC report Thursday (Nov. 30). “Zepz has entered a redundancy consultation which could affect less than 2% of its global headcount,” a company spokesperson said in an exclusive statement to the network

PYMNTS
Oct 17th, 2023
Chime Faces Cfpb Action For Deceptive Practices On Sendwave App

The Consumer Financial Protection Bureau (CFPB) has taken action against Chime, the operator of the Sendwave mobile app, for deceiving consumers about the speed and cost of remittance transfers. Chime has also been found guilty of illegally forcing consumers to waive their legal rights, failing to provide required disclosures and receipts, and neglecting to properly investigate consumer disputes and errors, according to a CFPB press release Tuesday (Oct. 17). As a result, the CFPB has ordered Chime to refund affected consumers nearly $1.5 million in fees and pay a $1.5 million penalty into the CFPB’s victims relief fund

Recently Posted Jobs

Sign up to get curated job recommendations

There are no jobs for Sendwave right now.

Find jobs on Simplify and start your career today

We update Sendwave's jobs every few hours, so check again soon! Browse all jobs →