Limited Time Offer
Get $1000 towards your
first investment
Start investing in private markets with Linqto – your access to disruptive startups and pre-IPO companies.
*Terms and conditions apply. See details
Wave, founded in 2017 and headquartered in Dakar, Senegal, is revolutionizing mobile money services in Africa. The company offers a range of financial services through its mobile application, including money deposits, withdrawals, transfers, bill payments, and airtime purchases, primarily targeting the unbanked population.
Since its inception, Wave has shown impressive growth and attracted significant investment. In 2021, the company raised $200 million in a Series A funding round, achieving a valuation of $1.7 billion. This funding round was led by prominent investors such as Sequoia Capital, Founders Fund, and Stripe, demonstrating strong confidence in Wave's business model and potential.
Wave operates in a competitive market, with rivals including Afriex, Chipper Cash, and Intuit. However, the company's innovative approach to mobile money services and its focus on serving underbanked populations in Africa have helped it carve out a significant market share.
While there is currently no concrete information available regarding Wave's IPO prospects, the company's rapid growth and substantial funding rounds have naturally led to speculation about its future plans. However, it's important to note that any discussions about a potential Wave IPO remain purely speculative at this time.
Factors that could influence Wave's decision to go public in the future might include its continued growth trajectory, market conditions, and the company's strategic goals. As with any private company, the decision to pursue an IPO would likely depend on various internal and external factors.
Investors interested in the mobile money and fintech sectors should keep an eye on Wave's developments, as the company continues to make waves in the African financial services landscape. However, as Wave remains a private company, opportunities for retail investors to buy Wave stock or invest in Wave shares are currently limited.
Get $1000 towards your
first investment
*Terms and conditions apply. See details
While Wave's IPO prospects remain uncertain, investors interested in the fintech and mobile money sectors don't have to wait on the sidelines. At Linqto, we offer members access to interests in promising private companies before they go public. Our platform provides opportunities to invest in potential industry leaders like Wave, with lower minimum investments than traditional private equity channels. This allows you to diversify your portfolio and potentially benefit from the growth of innovative companies in the mobile financial services space.
*These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO. The information provided above is based on current online discussions and is not intended as investment advice. Linqto does not endorse or guarantee the accuracy of this information, and we strongly recommend conducting your own research or consulting with a professional advisor before making any investment decisions. Linqto cannot be held liable for any investment outcomes resulting from the use of this information.
