Wave Mobile Money: valuation, funding rounds and share price

None of the 1 round we track for Wave Mobile Money disclosed a valuation, so the company's valuation is not disclosed.

Wave Mobile Money has raised $137M across 1 disclosed round tracked by Africa Markets. Valuations are as reported at announcement and may not reflect current value.

No. Wave Mobile Money is a private company and its shares are not listed on a stock exchange, so there is no public Wave Mobile Money stock price. No valuation has been disclosed in the rounds we track.

Wave Mobile Money also appears as WAVE in the Africa Markets trading demonstration, a members-only preview of our marketplace. Prices there come from a demonstration call auction in which members trade with demo cash; they are not real market prices, not a valuation of Wave Mobile Money, and no real shares change hands. Members can view WAVE in the demonstration.

Wave Mobile Money operates a mobile-first platform that enables users to send and receive money, pay bills, and access other financial services with zero fees for deposits and withdrawals and a flat 1% fee on peer-to-peer transfers. The company has built its own agent network and focuses on affordability, intuitive design, and 24/7 customer support to serve populations historically excluded from formal financial systems.

It primarily serves markets in West Africa, including Senegal, Côte d’Ivoire, Burkina Faso, Mali, Gambia, Niger, Cameroon and others, with over 20 million monthly active users, more than 150,000 agents, and over 3,000 employees (figures as of mid-2025). Wave’s business model emphasizes high-volume, low-margin transactions and partnerships with regulators and local institutions to drive digital financial inclusion and reduce reliance on cash.

Founded in 2018 by Drew Durbin and Lincoln Quirk (previously behind Sendwave), the company became Francophone Africa’s first unicorn following a $200M Series A in 2021 at a $1.7B valuation.