Africa grapples with a lack of accessible and economical financial services, leaving around 57% of its population unbanked due to exorbitant charges, inconvenient branches, and limited card usage. Wave addresses this gap with innovative technology, offering a straightforward and cost-effective tool accessible to everyone via their mobile. The impact has been substantial; in 2021, a GSMA report indicated 562M registered mobile money accounts in Africa, facilitating transactions valued at US$495B.

Wave has already established its presence in Senegal, the Ivory Coast, and Gambia. Future plans involve expanding to regulation-friendly countries like Uganda and channelling investments to enhance product development, business operations, and engineering efforts.