Senegal · 
Who invested in Wave?
Wave's investors include Rand Merchant Bank, British International Investment, Finnfund and Norfund. Rand Merchant Bank led its latest round.
Senegal · Funded startup
Who invested in Wave
One round we have observed, with the 4 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.
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Funding summaryUpdated 5 Nov 2026
$137Mraised across 1 round since 2025, from 1 source
- Latest round
- Debt, $137MJun 2025
- Led by
- Rand Merchant Bank
- Investors
- 4 (1 led)
The rounds
- Jun 2025
Everyone who backed them
Missing a round, or an investor who was in one? Tell us.
Quick answers about Wave
How much has Wave raised?
Wave has raised $137M across 1 round since 2025.
When did Wave last raise?
Wave's most recent round was a Debt of $137M in Jun 2025, led by Rand Merchant Bank.
What was Wave's biggest round?
Its most recent round, $137M in Jun 2025, is also its largest on record.
Who backed Wave first?
Wave's first round on record, in Jun 2025, was backed by Rand Merchant Bank, British International Investment and Finnfund and 1 others.
What stage is Wave at?
Wave's latest named round is a Debt, in Jun 2025.
Where is Wave based?
Wave is based in Senegal.
Who led Wave's rounds?
Rand Merchant Bank led the Debt in 2025.
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In the same sector, and raised in the last eighteen months.
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