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Wave Mobile Money

company

About

Wave Mobile Money provides an app-based financial solution to save, transfer, and borrow money.

Details

Last Funding Type
Debt Financing
Last Funding Money Raised
€90M
Industries
Financial Services,FinTech,Mobile Payments
Founded date
Feb 1, 2018
Number Of Employee
501 - 1000
Operating Status
Active
Legal Name
Wave Mobile Money Holdings Inc.
Also Known As
Wave,Wave Mobile Money Group

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.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
3
€90M $210M
Wave Mobile Money has raised a total of €90M $210M in funding over 2 rounds. Their latest funding was raised on Dec 6, 2022 from a Private Equity(PE) round.
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

Employee Profiles

Number of Employee Profiles
7
Wave Mobile Money has 7 current employee profiles, including Executive Drew Durbin
Executive
Executive
Executive
Employee
Employee