Naked
January 2025 · South AfricaSeries B38 M$EquityFintechLead
Activity : Insurtech
South African insurtech Naked Secures $38m Funding in Africa’s Largest Sector Deal.
Co-investors Hollard, Yellowwoods, IFC (International Finance Corporation), Naspers
Source : launchbaseafrica.com
Wave Mobile Money
July 2022 · SenegalGrowthUndisclosed amountSenior debtFintechCo-Invest
Co-investor alongside IFC (International Finance Corporation)
Activity : Payments and mobile money
Instrument : Financement de 90 M EUR, dont 25 M EUR pour compte propre d'IFC
Wave operates mobile-money services in Senegal and Côte d'Ivoire. The financing supports operational expansion, broader product offerings and customer growth.
Why they invested
- Expanding digital financial services
- Reducing the cost of mobile-money services
- Deepening the product offering
- Expanding the customer base in Senegal and Côte d'Ivoire
Co-investors Symbiotics, responsAbility, Lendable, Finnfund, Norfund
Source : ifc.org