Wave was founded in 2018 by Drew Durbin and Lincoln Quirk. Now, barely 3 years later, it is becoming a leading mobile money option in Senegal and soon to take over Cote d’Ivoire.
“From day one, we’ve been fiercely focused on inventing mobile money that’s easy-to-use and radically affordable,” said CEO and founder Drew Durbin. In Senegal, we’ve created something that people appreciate, but our objective is to deliver a contemporary financial network to everyone in Africa.”
Wave’s technology also differs from telecom-led mobile money, according to Durbin: “By building its own full-stack infrastructure — agent network, agent and consumer applications, QR cards, business collections, and disbursements — Wave has been able to fuel its growth to several million monthly active users and billions in annual volume.”
Future operations will see the company expand into Uganda and Mali. It also hopes that with time, it will improve its digital operations, and become very impactful to Africa.
Paul Balo is the founder of TechBooky and a highly skilled wireless communications professional with a strong background in cloud computing, offering extensive experience in designing, implementing, and managing wireless communication systems.
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behaviour or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
