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.
Quick answer
Wave Mobile Money raised $137 Million in a Funding Round round, dated June 30, 2025. Investors: Norfund, British International Investment, Finnfund and Rand Merchant Bank.
- How much did Wave Mobile Money raise?
- Wave Mobile Money raised $137 Million in a Funding Round round on June 30, 2025.
- Who invested in Wave Mobile Money?
- Norfund, British International Investment, Finnfund and Rand Merchant Bank are named as investors in this round.
- What does Wave Mobile Money do?
- Wave Mobile Money provides an app-based financial solution to save, transfer, and borrow money.
- Where is Wave Mobile Money based and how big is it?
- Fundz records about 5,600 employees.
- Who are the decision-makers at Wave Mobile Money?
- Fundz holds 1 contact at Wave Mobile Money. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Finance and Fintech around the same time
Companies in the same sectors as Wave Mobile Money that raised within 45 days of this round, from Fundz verified event records.
Who to call at Wave Mobile Money, and when
A new round usually means Wave Mobile Money is about to hire and buy. The teams that reach out first get the meeting.
- 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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Related People
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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