African Fintech Wave Secures $137M Debt Funding to Expand Mobile Money Footprint

Mobile-first FinTech Wave raises €117m for Africa

Wave Mobile Money raises €117m to expand affordable FinTech services in Africa. Stay updated on FinTech’s latest moves.

African Fintech Wave Secures $137M Debt Funding to Expand Mobile Money Footprint

Senegal’s Wave Secures $137 Million in Debt Funding to Expand Across West Africa

Senegal-based mobile money platform Wave has raised $137 million in debt financing to accelerate its mission of making financial services more affordable and accessible across West Africa.Founded in 2018 by Drew Durbin and Lincoln Quirk, Wave has grown rapidly to serve more than 29 million active users each month across eight West African markets. The company operates with over 150,000 agents and employs 3,000 people. The fresh capital will stre…

Wave raises $137M to power more mobile money in Africa

On Techpoint Digest, we talk about Wave’s $137million funding, the Nigerians who are developing a smarter legal bot, and Intron's expansion of voice AI from clinics to the courtroom.

Wave Secures $137M Debt Funding to Expand Mobile Money Services Across Africa

Wave Mobile Money, a mobile financial service that offers affordable solutions for saving, transferring, and borrowing money across Africa, has secured $137 million in debt financing to expand operations across existing and new markets. The funding led by Rand Merchant Bank (RMB) and backed by global development finance institutions, including British International Investment (BII), Finnfund, […] The post Wave Secures $137M Debt Funding to Expan…