Africa Angel Investors Network

Funding Tracker                 


Wave Mobile Money

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Mobile based financial solution to save, transfer, and borrow money


Location: Senegal
Website: https://www.wave.com/en/
Sector: Fintech
Funding Stage: Series A, Debt, Debt,
Total Funding ($m): 428.7
# of Founders: 2
Founding Year: 2018
Funding Year: 2021
Status: Active
YearAmountStageInvestors
2021$200mSeries ASequoia, FoundersFund, Stripe, Ribbit Capital, Partech Africa, Sam Altman
2022$91.5mDebtIFC, Symbiotics, BlueOrchard, ResponsAbility, Lendable, Finnfund, Norfund
2025$137.2mDebtRand Merchant Bank (RMB), British International Investment (BII), Norfund (Norway), and Finnfund (Finland)
Drew Durbin, Lincoln Quirk, , , Lincoln Quirk, , , Lincoln Quirk, ,
Series A $200m
Sequoia, FoundersFund, Stripe, Ribbit Capital, Partech Africa, Sam Altman

Debt $91.5m
IFC, Symbiotics, BlueOrchard, ResponsAbility, Lendable, Finnfund, Norfund

Debt $137.2m
Rand Merchant Bank (RMB), British International Investment (BII), Norfund (Norway), and Finnfund (Finland)


News
https://launchbaseafrica.com/2025/06/30/fintech-unicorn-wave-secures-137-million-in-debt-funding-to-power-pan-african-growth/