Orrick Advises Wave Mobile Money on €90 Million Venture Debt Financing

1 minute read | April.28.2023

Orrick advised Wave Mobile Money Holdings (“Wave”), a mobile financial services company, on a €90 million venture debt financing arranged by the International Finance Corporation (IFC). The financing includes loans from the IFC and other impact lenders, including Symbiotics, Blue Orchard, responsAbility, Lendable, Finnfund and Norfund. The funds will be used to expand Wave’s operations in Côte d'Ivoire and Senegal by developing its products and expanding its customer base for mobile money accounts and payment services. Orrick previously advised Wave on IFC’s investment in the company’s Series A round.

The Orrick team included John Bautista, Bill Haft, Carine Mou Si Yan, Diana Harapu and Christopher Reynolds.