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Wave provides a mobile platform for digital finance, specifically designed to make financial services accessible and affordable for people in Africa. Users can deposit, withdraw, and pay bills without incurring fees, which simplifies transactions and encourages usage among those who typically lack access to traditional banking. Unlike many competitors, Wave focuses on offering these basic services for free, aiming to build a large user base while generating revenue through partnerships and additional services. The company targets underserved populations, including individuals and small businesses, and utilizes mobile technology to reach remote areas, promoting financial inclusion and economic development. Wave's goal is to create a financial infrastructure that helps lift people out of poverty, similar to the success of mobile money in Kenya.
Company Stage
Debt Financing
Employees
1,001-5,000
Industries
Fintech, Social Impact
Total Funding
$204.3M
Headquarters
Dakar, Senegal
Founded
2017
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Health Insurance
401(k) Retirement Plan
401(k) Company Match
Unlimited Paid Time Off
Paid Vacation
Parental Leave
Fertility Treatment Support
Remote Work Options
$10,000 annual charitable donation matching
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