Wave is Africa’s only startup on Y-Combinator’s list of top earners
TechCabal | Muktar Oladunmade - May 02, 2024
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- Wave is the only African company listed on Y-Combinator's top 50 earning startups in 2024.
- Wave launched its mobile money product in Senegal in 2018, reducing transaction prices by up to 70% and offering free deposits and withdrawals.
- Wave has 10 million users across Senegal, Côte d’Ivoire, Burkina Faso, Mali, Uganda, and Gambia.
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Wave's success as the only African company on Y-Combinator's top 50 earning startups list is a significant achievement. Its disruptive mobile money product has not only reduced transaction prices but also forced competitors to lower their prices. With a large user base and consistent revenue, Wave has the potential to become a global player in the fintech industry.
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