Friday
July 18
2025

Wave Raises $137 Million in Debt to Expand Mobile Money Services Across Africa

By Muktar Oladunmade

Wave, one of Africa’s most valuable startups, has raised a $137 million debt round to bolster its working capital and drive expansion across existing and new markets. The funding will help scale its mobile money operations and broaden financial access for underserved communities across the continent, the company said in a statement.

Photo courtesy of AMISOM Public Information.

Source: TechCabal (link opens in a new window)

Categories
Finance
Tags
development finance, financial inclusion, global development, mobile finance, startups