Wave Stock

wave.comFinTech / PaymentsFounded: 2017

Wave Mobile Money's app helps users transfer, borrow and receive money in Africa with no account fees. Wave built a proprietary technology stack, including their own agent network, agent and consumer applications, QR cards, business collections and disbursements. The company was founded in 2017 by Drew Durbin and Lincoln Quirk and is headquartered in Dakar, Senegal. Wave's mission is to use technology to build a financial network affordable for everyone and to make Africa the first cashless continent.

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Wave Stock Price

Forge Price 1
Price no longer available
Last Closed Trade 2
Close Date
xx/xx/xx
Last Closed Trade Price
$xx.xx
Last Funding Round (LFR)
Date
xx/xx/xx
Price per Share
$xx.xx

Wave Funding Rounds and Valuation

Funding History Chart
Funding Round Details
Funding Date Share Class Amount Raised Price per Share Post-Money Valuation Key Investors
Funding Round Details are not yet available for this company.

Wave Investors Also Invested in These Private Companies

Leadership & Board

Leadership

Drew Durbin
Co-Founder & Chief Executive Officer
Ben Kuhn
Chief Technology Officer
Lincoln Quirk
Co-Founder & Head of Product

Wave stock FAQs

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Is Wave a public company?

No, Wave is a privately held company and is currently not publicly traded on any stock markets including NYSE or NASDAQ.
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What is Wave’s stock price?

Wave is a privately held company and therefore does not have a public stock price. However, you may access Wave private market stock price with Forge Data.
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What is Wave’s stock ticker symbol?

Wave does not have an official ticker symbol because this company is not currently publicly traded.
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Can institutional investors buy and sell private market stocks?

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Wave’s News and Media Highlights

For the second year running, Francophone fintech Wave is the only African company listed on Y-Combinator’s top 50 earning startups in 2024. The global accelerator has 92 African startups in its portfolio. YC, which previously ranked its startups by valuation, stopped sharing company valuations in 2023 after many tech giants saw significant haircuts in their valuations. Startups and VCs have begun emphasising revenue, unit economics and profitability over hefty private market valuations. “Revenue is the clearest indicator of a startup’s success,” reads an excerpt from Garry Tan’s blog post, Y-Combinator’s CEO. In 2022, Wave was the second most valuable African company in YC’s portfolio after Flutterwave.
South Korea-based Wave Company is a smart apparel firm focusing on tech-enabled recovery and movement. Their core products include the ElecSuit, which provides electrical stimulations and haptic feedback, and WaveWear, which combines compression and kinesiology. The firm is seeking additional investment and aims to expand its global footprint through strategic partnerships and market expansion. Their target customers range from fitness enthusiasts to people experiencing bodily discomfort and those recovering from injuries.
Of the funds, IFC supplied a €25m loan, while Symbiotics, Blue Orchard, responsAbility and Lendable deployed a combined total of €41m in B loans, according to a report from Tech Moran. The remaining €24m came through parallel loans from Finnfund and Norfund. This capital will help Wave Mobile Money boost financial inclusion and support economic growth in Senegal and Côte d’Ivoire. Wave Mobile Money offers an app that lets consumers deposit, withdraw and pay bills for free, as well as send money to others for a 1% fee.
Francophone Africa has its first unicorn, and if you’ve been following tech on the continent, you will be very unsurprised to hear that it’s coming from the world of fintech. Wave, a U.S. and Senegal-based mobile money provider, has raised $200 million in a Series A round of funding. The investment is the largest-ever Series A round for the region, and it values Wave at $1.7 billion. Four big-name backers jointly led the round — Sequoia Heritage, an endowment-style fund and a separate entity that operates independently under the Sequoia brand; Founders Fund; payments giant Stripe; and Ribbit Capital. Others in the round include existing investors Partech Africa and Sam Altman, the former CEO of Y Combinator and current CEO of OpenAI.
Updated on: Nov 22, 2024

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