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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.
Serves as the central hub for African operations, product development, customer support, engineering, and regional strategy for its mobile money services across the continent.
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.
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.
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.
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.
Liberté 6 Extension (Note: Specific public address may vary, this is a commonly cited area for their offices)
Dakar
Dakar Region
Senegal
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.
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.
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.
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.
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As of April 2025, Wave Mobile Money' leadership includes:
Wave Mobile Money has been backed by several prominent investors over the years, including:
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.
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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
TechCrunch • May 7, 2024
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 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 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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