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Wave
AddedMar 22, 2024
UpdatedJul 3, 2026
Wave

Wave

Late Stage Private

Wave: App-based, affordable finance for Africa, making it cashless with savings, transfers, and loans.

HQ
Dakar, Dakar, SN
Founded
2018
Accelerator
Y Combinator logoY CombinatorW12
Overview
Compare
Fundraising
Employees
News
Website

Wave is a mobile money app dedicated to providing affordable financial services in Africa. The company's mission is to build an extremely affordable financial infrastructure that enables a cashless society. Wave offers services such as free deposits and withdrawals, bill payments, and airtime purchases, with money transfers available at a minimal cost. The app also features robust security measures and instant customer support, aiming to make financial transactions simple and efficient for its users.

Wave has made significant strides in transforming the financial landscape in Africa by offering cost-effective and accessible financial solutions. The app has garnered positive feedback from users who appreciate its simplicity and effectiveness in managing their finances without needing to travel. By focusing on affordability and user-friendly services, Wave has positioned itself as a key player in the African fintech market, driving financial inclusion and empowering individuals with better financial tools.

Wave - Quick Facts

When was Wave founded?

Wave was founded in 2018.

Where is Wave's headquarters located?

Wave's headquarters is located in Dakar, Dakar, SN.

When was Wave's last funding round?

Wave's most recent funding round was for $90M (USD) in July 2022.

How much has Wave raised to-date?

As of Jul 6, 2022, Wave has raised a total of $300M (USD).

How many employees does Wave have?

Wave has 1,600 employees as of Mar 8, 2024.

Wave - Classification

Ownership
  • Venture Capital
Technology
  • FinTech
Geographic Exposure
  • Africa
Revenue
  • SaaS
  • Transactional
Customer
  • Consumers
Main Product
  • Financial Services
Tags
  • Mobile Payments
NAICS
  • 520000Finance and Insurance
  • 522000Credit Intermediation and Related Activities
  • 522300Activities Related to Credit Intermediation
  • 522320Financial Transactions Processing, Reserve, and Clearinghouse Activities
SIC
  • 8700Engineering, Accounting, Research, Management, And Related Services
  • 8740Management And Public Relations Services
  • 8742Management Consulting Services
Show 6 more industry codes
SIC
  • 6000Depository Institutions
  • 6200Security And Commodity Brokers, Dealers, Exchanges, And Services
  • 6090Functions Related To Depository Banking
  • 6280Services Allied With The Exchange Of Securities Or Commodities
  • 6099Functions Related To Depository Banking, Not Elsewhere Classified
  • 6282Investment Advice