On June 30, 2025, Wave Mobile Money, one of Africa’s fastest-growing platforms, secured €117M in debt financing led by Rand Merchant Bank, alongside British International Investment, Finnfund, and Norfund. Operating in eight West African markets, Wave will strengthen its liquidity and scale up its user-first, low-cost mobile money services. Since 2018, it has amassed over 20 million users and 150,000 agents.
