August 4

Delphos Advises African Mobile Money Unicorn on Euro 90 Million Syndicated Loan

Delphos acted as exclusive advisor to Wave Mobile Money Holdings Inc. (“Wave”) on its highly successful €90 million Syndicated Loan, which will further accelerate Wave’s dynamic growth in Côte d’Ivoire and Senegal.

The loan saw substantial interest from development finance institutions and impact funds and comprises commitments of €25 million from IFC, €12 million from Finnfund and €12 million from Norfund in the form of bilateral loans.  An additional €41 million was raised from impact funds Symbiotics, Blue Orchard, responsAbility, and Lendable, who participated under the IFC’s B Loan program.

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Source: Ecofin Agency (link opens in a new window)

Finance, Investing, Technology
financial inclusion, fintech