PROJECT

Projects

Summary of Investment Information

Project Number

46264

Company Name

WAVE MOBILE MONEY HOLDINGS INC.

Date SPI Disclosed

Jan 27, 2022

Country

Africa Region

Region

Africa

Projected Board Date

Feb 27, 2022

Environmental Category

C - No Impact

Status

Active

Last Updated Date

Sep 30, 2022

Department

Disruptive Tech, Service & Funds

Industry

Financial Markets

Previous Events

Approved : Mar 22, 2022
Signed : Jun 30, 2022
Invested : Aug 4, 2022

Sector

Money transfer, remittances

Project Description

 The Project consists in a financing package of up to EUR130 million to Wave Mobile Money S.A. (Senegal entity) and Wave Côte d’Ivoire S.A. (the Co-Borrowers), mobile money companies offering cash deposit, withdrawal, money transfer, merchant and bill payments. The Co-Borrowers will use the proceeds of the financing to fund their working capital needs, including the pre-financing of agents and bill payments.           

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation