What Does Wave Mobile Money Do?

Total employees3984
HeadquartersDakar
Founded2017

Wave Mobile Money is a financial technology company revolutionizing mobile money services in several African countries, including Senegal, CĂ´te d'Ivoire, Uganda, Mali, and Burkina Faso. It aims to build a radically inclusive and affordable financial network. Wave offers services like free deposits and withdrawals, a flat 1% fee for money transfers, and bill payments, challenging traditional banking and telecom-led mobile money models with a focus on affordability and user experience through an agent-based network and a mobile app.

Where Is Wave Mobile Money's Headquarters?

Wave Mobile Money officeWave Mobile Money officeWave Mobile Money officeWave Mobile Money office
*Images sourced via web search. Rights belong to original owners

HQ Function

Serves as the central hub for African operations, product development, customer support, engineering, and regional strategy for its mobile money services across the continent.

Notable Features:

Modern office space designed to foster collaboration, innovation, and reflect a blend of tech start-up culture with local influences. Focus on an agile work environment.

Work Culture:

Fast-paced, mission-driven, with a strong emphasis on impact, user-centricity, local talent development, and solving financial inclusion challenges. Known for a highly analytical and engineering-focused approach.

HQ Significance:

The Dakar HQ is pivotal as it grounds the company in one of its key and earliest markets, enabling direct engagement with users and the local ecosystem. This proximity drives product relevance and operational excellence across its countries of operation.

Values Reflected in HQ: The HQ's operations and team embody Wave's commitment to accessibility, affordability, technological innovation, and local empowerment by being deeply embedded in the African market and employing a significant local workforce.

Location:

Wave Mobile Money's core operations are concentrated in Africa, with established markets in Senegal, CĂ´te d'Ivoire, Uganda, Mali, and Burkina Faso. While its customer-facing activities and primary workforce are in these African nations, Wave maintains a global talent pool, including remote engineering, product, and corporate functions distributed across North America (primarily the USA for corporate, fundraising, and some engineering leadership) and Europe to attract top expertise. This distributed model supports its technology development and strategic initiatives, while country offices manage all on-the-ground activities.

Street Address:

Liberté 6 Extension (Note: Specific public address may vary, this is a commonly cited area for their offices)

City:

Dakar

State/Province:

Dakar Region

Country:

Senegal

Where Else Does Wave Mobile Money Operate Around the World?

Abidjan, CĂ´te d'Ivoire

Address: [Specific address not publicly available, typically located in a key business district like Cocody or Plateau]

Drives growth and service delivery in CĂ´te d'Ivoire, focusing on expanding financial inclusion and adapting services to local user needs within the WAEMU region.

Kampala, Uganda

Address: [Specific address not publicly available, typically located in a key business district]

Serves as Wave's primary base for its East African operations, aiming to increase market share by providing affordable and accessible mobile financial services.

Bamako, Mali

Address: [Specific address not publicly available, typically located in a key business district]

Expands Wave's footprint in Francophone West Africa, providing essential financial services in a region with high mobile penetration but often limited banking access.

Ouagadougou, Burkina Faso

Address: [Specific address not publicly available, typically located in a key business district]

Strengthens Wave's presence in the Sahel region, aiming to offer reliable and low-cost mobile money solutions to the Burkinabe population.

Buying Intent Signals for Wave Mobile Money

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Who's Leading Wave Mobile Money? Meet the Executive Team

As of April 2025, Wave Mobile Money' leadership includes:

Drew Durbin - Co-Founder & CEO
Lincoln Quirk - Co-Founder
Sidharth R G - Chief Financial Officer
Nicolas Kutor - General Counsel
Katrina Delgado - Chief of Staff to CEO
Coura Sène - Regional Director, UEMOA

Who's Investing in Wave Mobile Money?

Wave Mobile Money has been backed by several prominent investors over the years, including:

Sequoia Heritage
Founders Fund
Partech Africa
Ribbit Capital
Stripe
DST Global
Y Combinator
IFC (International Finance Corporation)

What Leadership Changes Has Wave Mobile Money Seen Recently?

Hire0
Exits0

No major C-suite executive hires or departures have been publicly announced for Wave Mobile Money in the past 12 months. The company continues to build out its leadership teams within its countries of operation and key functional areas like engineering and product, often through internal promotions or less publicized external hires for non-C-suite roles. Recent company restructuring has involved workforce reductions to streamline operations.

What Technology (Tech Stack) Is Used byWave Mobile Money?

Discover the tools Wave Mobile Money uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

Wave Mobile Money Email Formats and Examples

Wave Mobile Money typically uses the @wave.com domain for its corporate communications. Common email patterns observed for companies of its structure include [first_initial][last] (e.g., jdoe@wave.com) or [first].[last] (e.g., jane.doe@wave.com). For general inquiries, specific departmental emails or contact forms on their website are recommended.

[first_initial][last]@wave.com or [first].[last]@wave.com

Format

jdoe@wave.com or jane.doe@wave.com

Example

70%

Success rate

What's the Latest News About Wave Mobile Money?

TechCrunch • May 7, 2024

Wave lays off about 10% of its workforce in second round of job cuts

Wave Mobile Money conducted a second round of layoffs, affecting approximately 10% of its employees. The cuts were primarily in IT, engineering support, and product recruiting, as the company aims to become leaner and achieve profitability amid a challenging VC funding environment....more

TechCabal • December 19, 2023

Wave quietly exits Tanzania five months after launch

Wave Mobile Money reportedly ceased its operations in Tanzania merely five months after its initial launch. This move marked a setback for its East African expansion strategy, with market conditions or regulatory hurdles cited as potential reasons....more

Disrupt Africa • November 2, 2023

Wave Mobile Money partners Ecobank to expand financial services in Senegal

Wave Mobile Money announced a partnership with Ecobank Senegal to broaden financial service offerings in the country. The collaboration allows Wave users to link their mobile money accounts with Ecobank accounts, facilitating easier fund transfers and access to a wider array of banking services....more

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