PAL
Proprietary payment processing for francophone West African businesses and emerging economies.
9 employees · est. 2021 · Abidjan, Cote D'ivoire (ivor...
Wave Mobile Money
Wave is building a cashless Africa in Senegal, Côte d'Ivoire, Uganda, Burkina Faso, Gambia & Mali. Find us @www.wave.com
5271 employees · est. 2017 · Dakar, Senegal
Wave Mobile Money is the older company (2021 vs 2017); Wave Mobile Money is the larger of the two.
Side-by-Side Comparison
| Metric | PAL | Wave Mobile Money |
|---|---|---|
| Founded | ||
| Founded | 2021 | 2017 older |
| Headquarters | ||
| Headquarters | Abidjan, Cote D'ivoire (ivory Coast) | Dakar, Senegal |
| Employees | ||
| Employees | 9 | 5271 larger |
| Industry | ||
| Industry | Finance, Financial Services, Payments | Financial Services, Fintech, Payments |
| Funding Stage | ||
| Funding Stage | Grant | Unknown |
| Total Funding | ||
| Total Funding | Not tracked yet | $437.13M |
| Funding Rounds | ||
| Funding Rounds | 1 | 8 |
| Services | ||
| Services | Not tracked yet | Money Deposit, Money Withdrawal, Bill Payments, Money Transfer, Airtime Purchase, Customer Service |
| Target Customers | ||
| Target Customers | Not tracked yet | Individual Consumers, Business Customers, Families |
| Taxonomy | ||
| Taxonomy | Payment Processing, Mobile Money, Digital Wallet, Cross-border Payments, API Integration, Agent Banking, Financial Inclusion, Emerging Economies, SME Services, Cash Liquidity, Transaction Volume Growth, Francophone Africa, International Money Transfers, Bill Payments, Merchant Services | Financial Inclusion, Cashless Transactions, Mobile Money, Peer-to-Peer Payments, Business Payments, Digital Financial Services, Financial Technology, Banking Alternative, Low-cost Financial Solutions, Microfinance, Mobile Applications, Financial Infrastructure, Economic Empowerment, Instant Transactions, Consumer Finance |
| Website | ||
| Website | pals.africa | wave.com |
About PAL
PAL is a startup offering proprietary payment processing for francophone West African businesses and emerging economies. The company's digital wallet facilitates intra-Africa cross-border payments to mobile wallets and bank accounts within emerging economies, including the FCFA Zone, Ghana, and Nige...
About Wave Mobile Money
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 ba...
We will tell you when either one moves
BounceWatch watches PAL and Wave Mobile Money for new funding, fast hiring, new executives and a change of software vendor. When one happens, we email you the same day.
Funding, hiring, leadership and stack changes at PAL and Wave Mobile Money — by email.
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Compiled from the BounceWatch company index. We last looked at PAL on 10 Mar 2025, and Wave Mobile Money on 28 Mar 2026. Where a field is blank here, it means we have not recorded it — not that the answer is zero. How we source and date this.