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Wave provides a mobile platform that enables users in Africa to deposit, withdraw, and pay bills without incurring fees. This service is designed to simplify financial transactions for individuals and small businesses, particularly those who do not have access to traditional banking services. By focusing on underserved populations, Wave aims to foster financial inclusion and support economic development across the continent. Unlike many competitors, Wave's primary offering is free basic financial services, which helps to build a large user base. The company generates revenue through partnerships and additional value-added services. Wave's goal is to create a financial infrastructure that can help lift people out of poverty, similar to the success of mobile money in Kenya.
Company Stage
Series A
Employees
1,001-5,000
Industries
Fintech, Social Impact
Total Funding
$403.7M
Headquarters
N/A
Founded
2017
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