Francophone Africa has its first unicorn and it’s coming from the world of fintech. Wave, a U.S. and Senegal-based mobile money provider, has raised $200 million in a Series A round of funding. The investment is the largest-ever Series A round for the region, and it values Wave at $1.7 billion. Four big-name backers jointly led the round including Sequoia Heritage, the payments giant Stripe, Ribbit Capital and Partech Africa.
Source : Techcrunch
