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Wave company logo - Fintech company based in Senegal
commercial

Wave

Dakar, Senegal
Founded 2018
1000+ employees
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About

Wave operates a mobile money platform focused on financial inclusion in Francophone Africa, offering free deposits, withdrawals, and bill payments alongside low-cost transfers. Utilizing machine learning algorithms, Wave’s platform provides real-time fraud detection and credit risk assessment for its growing user base of over 12 million users across countries like Senegal, Côte d'Ivoire, and Ghana. Wave differentiates itself through a focus on accessibility via USSD and mobile app, and has achieved significant traction by offering a fully digital and low-cost alternative to traditional banking services.

Focus Areas

Technology Focus

fintech ai fraud detection

Key People 2

  • Drew Durbin
  • Lincoln Quirk

Quick Stats

Total Raised
$200M
Founded
2018
Status
private
Type
commercial

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