Wave
Mobile money with radically low fees
- Revenue
- Not disclosed
- Users
- 10M
- Growth
- Not disclosed
- Total raised
- $200M
- Team
- 1000
- Founded
- 2018
About
Wave builds mobile money services across West Africa with a 1% flat fee on transfers.
Funding history
| Series A | $200M | Founders Fund, Sequoia Heritage, Stripe | 7 Sept 2021 |
Newsfeed
- instagram.com · 16 Oct 2026
African fintech startup momentum continues to attract ... - Instagram (opens in new tab)
omentum continues to attract investor attention. Hyro Exchange is seeking international investors following a successful seed ...
- panafricanvisions.com · 16 Oct 2026
How Wave Built a 23 Million-User Fintech Empire in Africa (opens in new tab)
Wave Mobile Money has evolved from a startup tackling high transaction costs into one of Africa's most consequential fintech platforms,
- techinafrica.com · 16 Oct 2026
Wave Mobile Becomes a Bank with Launch of WAVE BANK AFRICA S.A (opens in new tab)
“WAVE BANK AFRICA S.A” was officially established on August 4, 2025, and registered on August 22. The new entity operates as a public limited company
- linkedin.com · 16 Oct 2026
Wave Mobile Money Revolutionizes African Fintech with Low Fees and ... (opens in new tab)
Revolutionizes African Fintech with Low Fees and AI-Powered Interface. Wave was co-founded by Drew Durbin and Lincoln Quirk, two Brown University alumni. ...
- instagram.com · 16 Oct 2026
After dominating Africa's digital payments space, Flutterwave is ... (opens in new tab)
Nigerian fintech giant @theflutterwave has announced a strategic investment from CircleVenture, the venture capital arm of Circle Internet Group, to accelerate ...
- semafor.com · 16 Oct 2026
African fintech players seek new growth paths - Semafor (opens in new tab)
Wave, a Senegal-headquartered mobile money unicorn, is exploring partnerships with banks in West Africa that would enable it to offer loans.
- youtube.com · 16 Oct 2026
25 African Startups to Watch; Fintech Unicorn Moniepoint in Focus (opens in new tab)
On this edition of Next Africa, we bring you Bloomberg's 2026 African startups ... news & analysis, up-to-the-minute market data, features, profiles and more ...
- startupintros.com · 16 Oct 2026
Wave Mobile Money: Funding, Team & Investors | Startup Intros (opens in new tab)
Wave Mobile Money has raised $403.4M across 13 funding rounds. Most recently, it raised $90.4M Wave - Debt in July 2022.
- Rest of World · 9 Oct 2026
Wave expands mobile money network
Wave continues rolling out low-fee transfers across francophone West Africa.