Hi Quartz Africa readers!
Nigeria, Kenya, and South Africa have dominated African tech funding for years—but what’s the state of innovation in the 21 French-speaking countries on the continent? That question was answered in a way when Wave, a mobile-money company in Senegal, announced this week that it has raised $200 million in a Series A round.
Investors valued Wave at $1.7 billion, making it the first billion-dollar startup in Francophone Africa. Wave joins Flutterwave and OPay as the continent’s 2021 unicorns. It is arguably the fastest of the three to reach the mark, given it has only been fully operational for about two years.
Originally published on Quartz : Original article