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Financial services for underbanked communities
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Financial services for underbanked communities
1001+ employees
Be an early applicant
More information about location
1001+ employees
To make Africa the first cashless continent.
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To make Africa the first cashless continent.
Because of things like high fees and a lack of local branches, about half of the adults in Africa still do not have a bank account. Although this is an improvement on past estimates, the continent is still significantly underbanked - which is what Wave helps to combat.
Wave addresses this banking gap with technology, offering a straightforward and cost-effective tool accessible via mobile. The impact has been substantial. A 2021 GSMA report suggested over 500 million mobile money accounts were registered in Africa, facilitating transactions valued at nearly $500 billion.
Wave has already established its presence in Senegal, Côte d'Ivoire, Uganda, Burkina Faso, Gambia and Mali, using steady investment to expand its footprint. It also continues to enhance product development and engineering efforts, as well as shore up business operations.
Kirsty
Company Specialist at Welcome to the Jungle
Mar 2022
$10m
LATE VC
Sep 2021
$200m
SERIES A
This company has top investors
Drew Durbin
(Co-Founder & CEO)Previously co-founder and CEO at Sendwave (International Remittance).
Lincoln Quirk
(Co-Founder)Previously co-founder and CTO at Newsbrane, Engineer at Demiurge Studios and co-founder of Sendwave (International Remittance).
Software Engineering
People, HR, Recruitment
Product
Finance, Legal & Compliance
Other Engineering