Sequoia Heritage, Stripe and others invest $200M in African fintech Wave at $1.7B valuation

08 Sep, 2021

Sequoia Heritage, Stripe and others invest $200M in African fintech Wave at $1.7B valuation
Photo by Alexander Schimmeck on Unsplash

– 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.

Financial Services FinTech Mobile Payments Sub-Saharan Africa Transaction Processing
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