Wave
Cut Senegal's mobile-money fees by ~70% with a Sendwave spin-out; francophone Africa's first unicorn.
Radically cheap mobile money; 10M+ users.
The facts
| Category | traditional · underbanked |
| HQ | Dakar, SN |
| Founded | 2018 |
| Custody | Custodial |
| Regulation type | E-money institution |
| Licence detail | First non-telecom e-money issuer (BCEAO) |
| Card | No card |
| Stablecoins | No |
| KYC | Yes |
| Active regions | Africa |
| Countries | Senegal, Côte d'Ivoire, Mali, Burkina Faso, Uganda, Gambia |
| Founders | Drew Durbin, Lincoln Quirk |
| Funding | ~$300M+; unicorn |
Verified links: official site ↗ · privacy ↗ · @wave_senegal ↗
comparePut Wave side by side with any of the other 356 tracked neobanks in the directory — custody, licence, cashback, yield, stablecoins and geography in one view.
Peers
Wise · TymeBank · OPay · PalmPay · Bank Zero · Discovery Bank
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.