Wave Money logo — Wave Money is the leading mobile financial services and digi...

Wave Money

Wave Money is the leading mobile financial services and digital payments company in Myanmar.

Founded 2015 Myanmar Yangon, Myanmar 551 employees Corporate Round Total: $92.90M Financial Services, Fintech +1

General Information

Company Name Wave Money
Founded Year 2015
Location Myanmar Yangon, Myanmar
Founders / Decision Makers
Team member
Employees 551
Industries Financial Services, Fintech, Payments
Funding Stage Corporate Round
Social

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About Wave Money

Wave Money stands at the forefront of Myanmar's mobile financial services, positioning itself as the nation's leading digital payments firm. Established in 2015, it has grown exponentially, providing vital financial services to its expansive customer base of 35 million, largely reaching the unbanked population through an extensive agent network covering 90% of the country.

With 54,000 agent-run shops, predominantly empowering women, Wave Money exemplifies a commitment to not only financial but also social inclusion, notably contributing to women empowerment. Its innovative WavePay mobile wallet services celebrate over 11.5 million users, ensuring payment solutions that are reliable, secure, and convenient.

Recognized for fostering a people-centric workplace, Wave Money offers substantial opportunities for growth and development, reinforcing their ethos of equality and inclusivity. They secured a pivotal $73.50M investment from Ant Group in May 2020, signifying strong investor confidence and fueling their mission to build a better Myanmar.

Business keywords: mobile financial services, digital payments, financial inclusion, remittances, agent network, mobile wallet, women empowerment, social inclusion, work-life balance, diversity, employer, Myanmar, livelihood, innovation, equal opportunity

Funding Rounds & Investors (2)

View All
Funding Stage Amount Investors Lead Investors Date
Corporate Round $73.50M 1
Ant Group
18 May 2020
Corporate Round $19.40M 1
Yoma Strategic Holdings
06 Mar 2018

Wave Money Alternatives & Competitors

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FAQ About Wave Money

Wave Money is the leading mobile financial services and digital payments company in Myanmar.
Wave Money was founded in 2015.
Wave Money is headquartered in Yangon, Myanmar.
Wave Money operates in Financial Services, Fintech and Payments. Its work centres on mobile financial services, digital payments, financial inclusion and remittances.
Wave Money has approximately 551 employees.
Wave Money has completed 2 funding rounds, raising a total of $92.90M. The latest funding stage is Corporate Round.
Top alternatives and competitors to Wave Money include CreditPilot, Lucy | #unstoppablewomen, CASHPLUS, FairMoney, Centbee. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Wave Money and CreditPilot are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Wave Money, https://bouncewatch.com/company/wave-money, updated 5 November 2025. When citing, please name BounceWatch and link this page.

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