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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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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.
- Total Funding Total Funding
- Total Rounds 9
- Last Round Debt – Conventional — $137.4M
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First Round
First Round
(01 Jun 2012)
- Investors Count 16
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2025 | Amount | Debt – Conventional - Wave Systems | Valuation | Rand Merchant Bank | |
| Oct, 2022 | Amount | Token Sale - Wave Systems | Valuation |
investors |
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| Jul, 2022 | Amount | Series A - Wave Systems | Valuation | Symbiotics Group , BlueOrchard |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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IFC is focused on private sector development in emerging markets.
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Founded Year | Domain | Location | |
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Impact investing is managed through private equity by Symbiotics Group.
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Founded Year | Domain | Location | |
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Debt and equity investments are managed by this private fund.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Wave Systems
Wave Systems has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Safend. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Data security and compliance solutions are provided for sensitive sectors.
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1988 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Wave Systems
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Wave Systems Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cross-border payments are enabled via wallet solutions for consumers.
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| domain | founded_year | HQ Location |
Cross-border remittances are enabled for individuals through a mobile wallet.
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| domain | founded_year | HQ Location |
Banking channel for cross border money transfers
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| domain | founded_year | HQ Location |
Cross-border money transfers are enabled via digital wallet.
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| domain | founded_year | HQ Location |
Cross-border money transfers are enabled by an app-based digital wallet.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Wave Systems
Frequently Asked Questions about Wave Systems
When was Wave Systems founded?
Wave Systems was founded in 1996 and raised its 1st funding round 16 years after it was founded.
Where is Wave Systems located?
Wave Systems is headquartered in United States.
Is Wave Systems a funded company?
Wave Systems is a funded company, having raised a total of $326.26M across 9 funding rounds to date. The company's 1st funding round was a Series A of $68.15M, raised on Jun 01, 2012.
What does Wave Systems do?
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.
Who are the top competitors of Wave Systems?
Wave Systems's top competitors include Chipper Cash, Taptap Send and WorldRemit.
What products or services does Wave Systems offer?
Wave Systems offers Wave App, Bill Payment Service, and Airtime Purchase.
How many acquisitions has Wave Systems made?
Wave Systems has made 1 acquisition, including Safend.
Who are Wave Systems's investors?
Wave Systems has 16 investors. Key investors include Stripe, International Finance Corporation, Stellar, Norfund, and Partech Partners.
What is Wave Systems's valuation?
The valuation of Wave Systems is $1.7B as of Sep 2021.
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