
Fintech Unicorn Wave Secures $137 Million in Debt to Advance Financial Inclusion in Africa
Mobile money operator Wave has secured $137 million in debt to ramp up its operations and expand into additional African markets.
Alistair Mokoena is a respected leader in the advertising and marketing industry who is passionate about using technology to solve social and economic challenges.
Mokoena is currently serving as Google’s Country Director for South Africa. In this role, Mokoena is responsible for leading the company’s business operations in South Africa.
He is also focused on driving the country’s digital transformation and economic growth.
Mobile money operator Wave has secured $137 million in debt to ramp up its operations and expand into additional African markets.
African startups raised over $1.06 billion in funding by May 2025 — a 40% year-over-year increase. Explore sector trends, top deals, country breakdowns, and what this milestone means for investors and founders in Africa’s growing innovation ecosystem.
Mastercard has partnered with payment solutions provider enza to streamline fintech access to its global payment network across Africa.
© 2021 Empower Africa. All rights reserved.