Wave Mobile Money provides an app-based financial solution to save, transfer, and borrow money.
Wave Mobile Money provides an app-based financial solution to save, transfer, and borrow money. Wave Mobile Money is on a mission to make Africa the first cashless continent. On a continent where less than 10% of the population has a bank account, Wave is building the first modern financial network — no account fees, instantly available, and accepted everywhere! It is building life-changing financial infrastructure. When mobile money succeeded in Kenya, it lifted about a million people out of poverty. And yet, over 10 years later, most Africans still lack access to affordable ways to save, transfer or borrow the money they need to build businesses or provide for their families. Wave is solving this problem by using technology to build a radically inclusive and extremely affordable financial network.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
---|---|---|---|---|---|---|
Dec 6, 2022 | Private Equity(PE) | $10M | 1 | Alameda Research | — | Detail |
Jul 7, 2022 | Debt Financing | €90M | 8 | International Finance Corporation | — | Detail |
Sep 7, 2021 | Series A | $200M | 7 | Founders Fund Ribbit Capital Sequoia Heritage Stripe | — | Detail |
Investor Name | Lead Investor | Funding Round |
---|---|---|
Alameda Research | Yes | Private Equity(PE) |
International Finance Corporation | Yes | Debt Financing |
Founders Fund | Yes | Series A |
Ribbit Capital | Yes | Series A |
Sequoia Heritage | Yes | Series A |
Stripe | Yes | Series A |
Finnfund | — | Debt Financing |
BlueOrchard Finance S A | — | Debt Financing |
Lendable | — | Debt Financing |
Norfund | — | Debt Financing |