Wave Mobile Money
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About Wave Mobile Money
Wave Mobile Money is a Senegalese startup which provides an app-based financial solution to save, transfer, and borrow money. In 2016, we 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 rel...
Wave Mobile Money: quick facts
- Where is Wave Mobile Money based and when was it founded?
- Wave Mobile Money is headquartered in Dakar, Senegal and was founded in 2017.
- How much funding has Wave Mobile Money raised?
- Wave Mobile Money has raised $439M across 6 disclosed rounds. Its latest, a $137M Debt Financing, was announced on Jun 30, 2025.
- Who has invested in Wave Mobile Money?
- Backers include Rand Merchant Bank, Norfund, Finnfund, British International Investment and 17 others.
- What sector is Wave Mobile Money in?
- Wave Mobile Money operates in Financial Services, FinTech and Mobile Payments.
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Profile updated Source: SLA Startup Index
