Wave raises $137 million in debt to expand its mobile money services across Africa, led by Rand Merchant Bank and global development finance institutions.
Amount Raised
$137 Million
Round Type
Funding Round
Investors
Description
Wave 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. Rand Merchant Bank led the round alongside a consortium of investors. This funding comes amid continued investor confidence in Wave’s low-cost financial services model.
Who to call at Wave Mobile Money, and when
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- An alert the day Wave Mobile Money raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Wave Mobile Money, from your own LinkedIn network
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Wave Mobile Money raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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