Wave Mobile Money

Zero-fee mobile money for West Africa

Wave is a Senegal-based mobile money platform offering zero-fee money transfers and payments across Senegal, Ivory Coast, Cameroon, Uganda, and Mali. Became Francophone West Africa's first unicorn in 2021 with a $1.7B valuation.

Facts about Wave Mobile Money

Company type: Fintech
Funding stage: Series A
Founded: 2017
Founders: Drew Durbin, Lincoln Quirk
Headquarters: Dakar, Senegal / San Francisco, CA
Markets: 🇸🇳Senegal🇨🇮Ivory Coast🇨🇲Cameroon🇺🇬Uganda🇬🇭Ghana
Total disclosed funding: $200M+ (unicorn $1.7B valuation)
Valuation: $1.7B (unicorn, 2021)
Key investors: Sequoia Heritage, Founders Fund, Stripe, Ribbit Capital, Partech Africa, Sam Altman