WorldRemit Acquires Sendwave
August 25, 2020
WorldRemit has agreed to acquire Sendwave in a cash-and-stock transaction expected to close in Q4 2020, subject to regulatory approvals. Sendwave will continue to operate independently under its existing brand and management, and the deal expands WorldRemit's reach across Africa and into Bangladesh, creating a larger digital remittances platform.
- Buyers
- WorldRemit
- Targets
- Sendwave
- Industry
- Payments & Fintech
- Location
- District of Columbia, United States
- Transaction Type
- Buyout
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