They are making Africa the first cashless continent.
In 2017, nearly 60% of adults in sub-Saharan Africa had no bank account. That's for good reason—the fees are too high, the closest branch can be miles away, and nobody takes cards. Without access to financial institutions, people are forced to keep their savings under the mattress. Small business owners rely on lenders who charge extortionate rates. Parents spend hours waiting in line to pay school fees in cash.
They are solving this by building financial services that just work: no account fees, instantly available, and accepted everywhere. In places where electricity, water and roads don't always work, you can still send money with Wave. In November 2017, they launched a mobile app in Senegal for cash deposit, withdrawal, and peer-to-peer and business payments. In 2019, they expanded to Cote D'Ivoire. Now, they have millions of users and are growing fast. Their goal is to make Africa the first cashless continent.