0%

est. 2Y upside i

FinTechSeries B

SendWave, acquired by WorldRemit, allows users to transfer money across continents without the hassle and high fees.

Rank

#2234

Sector

Fintech

Est. Liquidity

~2Y

Data Quality

Data: Low

Equity upside cannot be reliably estimated due to the absence of current revenue, growth, and valuation data.

Last updated: July 3, 2026

Bull (20%)0%

No valuation data; hypothetical IPO could unlock upside, but magnitude unknown.

Base (50%)0%

No revenue or growth data to project; base case assumes flat to modest growth.

Bear (30%)0%

No data to quantify downside; risk of equity being worthless if company fails to achieve liquidity.

Est. time to liquidity~2.0 years

Preference Stack Risk

moderate

Funding Intensity

292%

$14.6M total funding is small relative to $500M acquisition valuation, but current valuation unknown; preference overhang could be significant if valuation has declined.

Dilution Risk

high

No recent funding round; a capital raise in the next 2 years is likely, potentially diluting common equity by 15-25%.

Secondary Liquidity

none

No secondary market transactions reported for SendWave or Zepz shares.

Questions to Ask at the Interview

Strategic questions based on SendWave's data — designed to show you've done your homework.

  • 1

    “What is Zepz's current annual revenue and growth rate for the SendWave segment?”

  • 2

    “How does SendWave's unit economics (take rate, transaction volume) compare to Wise and Remitly?”

  • 3

    “What is the most recent 409A valuation of Zepz common stock?”

Community

Valuation Sentiment

Our model estimates 0% upside. What do you think?

Anonymous. Do not share material non-public information.

Community Discussion

Comments are reviewed before they appear publicly.

0/2000

Loading comments...

Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.