Wave
Wave is a financial technology company providing affordable mobile money services, including transfers, bill payments, and airtime purchases across Africa.
- Founded
- 2017
- Headquarters
- Wilmington, Delaware, United States
- Employees
- 1,600
- Sector
- Fintech
About Wave
Wave is building a modern financial network across Africa to serve the large portion of the population that remains unbanked. The company provides a radically inclusive platform that eliminates traditional account fees and offers instant transaction availability. By developing life-changing financial infrastructure, Wave aims to facilitate affordable ways for users to save, borrow, and transfer funds.
The company operates a mobile app that allows users to deposit and withdraw money for free, while charging a simple 1% fee for domestic transfers. By leveraging technology to reduce costs, Wave seeks to modernize the digital finance landscape in African markets, starting with its initial operations in Senegal and expanding its reach to other regional hubs.
What they do
Wave provides a mobile money platform that allows users to deposit, withdraw, and pay bills for free while sending money to others for a 1% fee. The company also enables instant airtime purchases and provides digital financial infrastructure for individuals and businesses without traditional bank accounts.
Highlights
- Operates as a unicorn startup with a valuation exceeding one billion dollars.
- Provides free bill payments and free cash deposits and withdrawals for all users.
- Partnered with the Senegal government to roll out digital payments in public health facilities.
- Uses a transparent pricing model featuring a flat 1% fee for money transfers.
- Maintains a leadership team with regional offices in Dakar, Senegal and Côte d'Ivoire.
Talent and hiring
Wave hires for specialized regional roles including General Managers, Head of Agent Operations, and technical staff to support its mobile money infrastructure. Recent leadership appointments include roles focused on payments and business development within West Africa.
Get a shortlist in 4 daysMore in Fintech
M-Kopa
M-KOPA is a fintech platform providing underbanked consumers in Africa with credit for smartphones, electric mobility, and digital financial services.
Ozow
Ozow is a South African fintech providing an automated EFT payment gateway that enables secure, cardless bank-to-bank transactions for merchants and consumers.
Paystack
Paystack is a technology company providing payment processing software for businesses across Africa, facilitating secure local and global transactions.