OUR HERITAGE
Wave
€90MM Capital Raise in Senior Debt Financing for a Fintech Company in Africa
Delphos acted as exclusive advisor to Wave Mobile Money Holdings Inc. (“Wave”) on its highly successful €90MM Syndicated Loan led by IFC, which will further accelerate Wave’s dynamic growth in Côte d’Ivoire and Senegal. The loan saw substantial interest from development finance institutions and impact funds. This debt financing sets a new high-water mark for a growth stage African Fintech in terms of total commitments raised.
Sector
Funds and Financial Services
Amount Raised
€90,100,000
Deal Type
Capital Raising
Unique Challenge
Delphos advised on structuring and arranging debt and equity financing for a currency risk management platform, supporting engagement with institutional investors and aligning the transaction with local currency financing in emerging markets.
Sub-sector
FinTech
Year
2022
Type of Financing
Debt
Deal Impact in Numbers
- €50M+ paid out to 26,000+ agents
- 1,500+ jobs created
- Expanded mobile money access in Côte d’Ivoire and Senegal
Lender
IFC, FinnFund, Norfund, Blue Orchard, Lendable, responsAbility, Symbiotics
SDGs
Borrower
Wave Mobile Money Holdings Inc.
Deal Impact in Lives
- Industrial manufacturers and battery producers
- Local workers and communities
- Suppliers and regional service providers
Location
Senegal, Côte d'Ivoire
Interested in working with us?
Delphos arranges capital raising (debt and equity) and transaction advisory for emerging-market project sponsors and operating corporates across Africa, Asia, Latin America and the Caribbean, and Emerging Europe.
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Delphos- Premier Financial Advisor in Private Emerging Markets
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