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StartupSeries AB2CFinance

Wave

Mobile money for Africa

Senegal Dakar Founded 2018 501-1000 Website
Total Raised$200.0MSee the rounds
StageSeries A
Users10M+ users
Operating Since2018 (8y)

About Wave

Wave is a mobile money platform that provides free person-to-person transfers and low-cost merchant payments in West Africa. Originally spun off from Sendwave, Wave has disrupted traditional mobile money by offering significantly lower transaction fees than incumbents, rapidly gaining market share in Senegal and Cote d'Ivoire.

Funding

Total Raised$200.0M
Last Round$200.0MSeries A

Rounds

Series ASep 1, 2021
$200.0M

Lead: Sequoia Heritage

Investors

Leadership & Team

Founder(s)

CEO

Traction & Recognition

Users10M+ users

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Quick Facts

CountrySenegal
Founded2018
TypeStartup
ModelB2C
Team size501-1000
Operating in
SenegalCote d'IvoireMaliBurkina FasoUgandaCameroon