Senegal
Wave Mobile Money is pioneering the creation of a cashless Africa across Senegal, Côte d'Ivoire, Uganda, Burkina Faso, Gambia, and Mali. Founded in 2017, the company is at the forefront of addressing the challenges faced by nearly 60% of adults in sub-Saharan Africa who lack access to traditional banking services.
By eliminating account fees and ensuring seamless, universally accepted financial transactions, Wave stands out in the Financial Services, Fintech, and Payments industries. Its service is crucial for environments where infrastructure like electricity and roads can be unreliable. Millions of users have embraced their mobile app, which launched in November 2017 in Senegal and expanded to Côte d'Ivoire in 2019.
Wave raised €90.00M through Debt Financing in July 2022 with backing from prominent investors, including the International Finance Corporation, OP Finnfund Global, and responsAbility Investments AG. Such confidence from investors underscores its potential to make Africa the first cashless continent.
Tanda
