Wave raises $137 million to expand mobile money services across Africa
Bendada.com | Justina Salami - Jun 30, 2025

Featured entitiesThe most prominent entities mentioned in the article. Tap each entity to learn more.
AI-generated highlightsThe most relavant information from the article.
- Wave raised $137 million in a debt round led by Rand Merchant Bank to boost working capital.
- The funding will help expand Wave's mobile money operations across new and existing markets.
- Wave has grown to operate in eight markets across West Africa since its founding in 2018.
CommentaryExperimental. Chat GPT's thoughts on the subject.
Wave's innovative approach to mobile money and its focus on affordability positions it well to disrupt traditional financial services in Africa. The recent funding round not only strengthens its operational capabilities but also highlights the growing interest in fintech solutions that cater to underserved populations. As Wave continues to expand, it will be crucial to monitor its impact on financial inclusion and competition within the sector.
SummaryA summary of the article.
Also readRecommended reading related to this content.
Newsletter
Sign up for the Newsletter
Discussion
Need startup advice?
Leverage the Hadu community to get answers and advice for your most pressing questions about Africa Tech.