About Wave Systems
Wave Systems is a company based in United States founded in 1996. Wave Systems has raised $326.26 million across 9 funding rounds from investors including Stripe, International Finance Corporation and Stellar. Wave Systems has completed 1 acquisition, including Safend. Wave Systems offers products and services including Wave App, Bill Payment Service, and Airtime Purchase. Wave Systems operates in a competitive market with competitors including MoneyGram, Chipper Cash, WorldRemit, PaySend and Taptap Send, among others.
- Headquarter Lee, United States
- Stage Unicorn
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Sectors
Financial Services
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Phone
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Website
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Social
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- Legal Name Wave Mobile Money Inc.
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Products & Services of Wave Systems
Wave Systems offers a comprehensive portfolio of products and services, including Wave App, Bill Payment Service, and Airtime Purchase.
App for free deposits, withdrawals, and low-cost money transfers.
Service to pay bills for free via mobile platform.
Instant buying of airtime through the app.
People of Wave Systems
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Funding Insights of Wave Systems
Wave Systems has successfully raised a total of $326.26M across 9 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $137.38 million completed in July 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Wave Systems
Wave Systems has secured backing from 16 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Stripe, International Finance Corporation and Stellar.
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IFC is focused on private sector development in emerging markets.
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Impact investing is managed through private equity by Symbiotics Group.
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Debt and equity investments are managed by this private fund.
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Investor details for Wave Systems
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Investments & Acquisitions by Wave Systems
Wave Systems has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Safend.
Investment portfolio details for Wave Systems
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Data security and compliance solutions are provided for sensitive sectors.
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Complete acquisition details for Wave Systems
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Financial Statements - Wave Systems
Detailed financials for Wave Systems
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Wave Systems Comparisons
Peer comparison for Wave Systems
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Competitors of Wave Systems
Wave Systems operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MoneyGram, Chipper Cash, WorldRemit, PaySend and Taptap Send, among others.
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Cross-border payments are enabled via wallet solutions for consumers.
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Cross-border remittances are enabled for individuals through a mobile wallet.
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Banking channel for cross border money transfers
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Cross-border money transfers are enabled via digital wallet.
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Cross-border money transfers are enabled by an app-based digital wallet.
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Detailed competitors of Wave Systems
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Latest news on Wave Systems
Complete news archive for Wave Systems
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Frequently Asked Questions about Wave Systems
Wave Systems was founded in 1996 and raised its 1st funding round 16 years after it was founded.
Wave Systems is headquartered in United States.
Wave Systems is a funded company, having raised a total of $326.26M across 9 funding rounds to date.
Wave Systems was founded in 1996 and is headquartered in Lee, United States. Operations are centered in the fintech sector, where an app-based wallet is provided for cross-border money transfers. Services include deposits and withdrawals, bill payments, and mobile recharges, with the app accessible on iOS and Android devices. Focus is placed on facilitating international financial transactions for users.
Wave Systems's top competitors include Chipper Cash, Taptap Send and WorldRemit.
Wave Systems offers Wave App, Bill Payment Service, and Airtime Purchase.
Wave Systems has made 1 acquisition, including Safend.
Wave Systems has 16 investors. Key investors include Stripe, International Finance Corporation, Stellar, Norfund, and Partech Partners.
The valuation of Wave Systems is $1.7B as of Sep 2021.