Wave Mobile Money

Wave Mobile Money

Verified
Sub-Saharan Africa mobile money reinvented: Deposit, withdraw, pay bills for free (subsidary of Sendwave). Learn more

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Employees
Market cap
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Net debt
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Enterprise valuation
$1.7b (Public information from Sep 2021)
Dakar Dakar Region (HQ)
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Late VC
Total Funding000k

Recent News about Wave Mobile Money

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Wave is a dynamic startup focused on revolutionizing mobile money and digital finance in Africa. Founded by Drew Durbin and Lincoln Quirk, who previously created Sendwave, the largest digital remittance company to Africa, Wave aims to make financial services accessible and affordable for everyone on the continent. The company operates in the digital finance market, specifically targeting underserved populations in Africa who lack access to traditional banking services.

Wave's business model is centered around providing a mobile platform that allows users to deposit, withdraw, and pay bills for free. This approach not only simplifies financial transactions but also eliminates the fees typically associated with these services, making it an attractive option for users. The company generates revenue through partnerships and possibly through value-added services, although the primary focus remains on offering free basic financial services to build a large user base.

Wave serves a diverse range of clients, from individuals sending money to family members to small businesses needing efficient payment solutions. By leveraging mobile technology, Wave is able to reach remote and rural areas, thereby fostering financial inclusion and contributing to economic development.

The company's mission is to build life-changing financial infrastructure that can lift people out of poverty, similar to the impact mobile money had in Kenya. With a fully remote team, Wave is committed to creating a global workforce dedicated to this mission. The company also emphasizes a transparent and fair work environment, offering competitive pay based on skill and experience, comprehensive healthcare plans, and flexible vacation policies.

In summary, Wave is a pioneering startup in the digital finance space, focused on making financial services accessible and affordable in Africa. It serves individuals and small businesses, operates in the mobile money market, and generates revenue through partnerships and value-added services.

Keywords: digital finance, mobile money, Africa, financial inclusion, remittance, free transactions, economic development, remote team, transparent pay, social impact.

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