1build Announces $19.5M in Funding
25 Sep, 2021
– Wave, a U.S. and Senegal-based mobile money provider, raised $200m in Series A funding.
– The investment is the largest-ever Series A round for the region, and it values Wave at $1.7bn.
– The round was led by Sequoia Heritage, an endowment-style fund and a separate entity that operates independently under the Sequoia brand; Founders Fund; payments giant Stripe; and Ribbit Capital.
– Other investors include Partech Africa and Sam Altman, the former CEO of Y Combinator and current CEO of OpenAI.