Since 2014, our Sendwave app has allowed Africans in the US, the UK, and Canada to send money instantly to mobile money wallets in Kenya, Uganda, & Tanzania, saving our users over 70% relative to Western Union and MoneyGram.
In 2016, we expanded our scope and began building Wave, a mobile money product for domestic markets in Africa.
The problem: In 2017, nearly 60% of adults in sub-Saharan Africa had no bank account. That's for good reason — the fees are too high, the closest branch can be miles away, and most merchants only accept cash. Without access to financial institutions, people are forced to keep their savings under the mattress. Small business owners rely on lenders who charge extortionate rates. Parents spend hours waiting in line to pay school fees in cash.
How we're solving it: We're building financial services to work as they should: no account fees, instantly available and accepted everywhere. In places where electricity, water and roads don't always function, we're creating financial infrastructure that "just works." In fall 2017, we launched a mobile app in Senegal for cash deposit, withdrawal, and peer-to-peer and business payments; we're now processing over 200k payments every month and we recently launched in Cote d'Ivoire. Our goal is to make Africa the first cashless continent. That's where you come in...
Who are we?
- We're a distributed HQ team of ~30 people who are deeply passionate about our mission of bringing great financial services to the people who need them most.
- We have a Country Office in Senegal with about 70 people and have recently opened another Country Office in Cote d’Ivoire.
- We’re backed by world-class investors including Khosla Ventures, Founders Fund, Y Combinator, and the cofounders of PayPal.
We’re egolessly mission driven
We focus ruthlessly on the most important thing
We’re embarrassingly honest to stay aligned and move quickly
We don’t wait – we live our fullest lives now
We maximize our rate of learning
We're growing quickly, see our job openings below. If you are interested in roles with our international remittance team (SendWave), see here.