Wave is a VC backed startup with a mission to make sending money to Africa as easy and affordable as sending a text. In 2017, one billion immigrants worldwide sent over $600 billion home to family and friends, dwarfing foreign governmental aid. In the age of cheap, quick transfers and mobile money people are still trekking to stores to pay fees averaging over 7% for transfers that typically take 24 hours or more to arrive. Co-founded by two Brown and Harvard engineering graduates, Wave was launched in 2014, after one of its founders became tired of having to make a physical trip to a store AND pay an additional 10%, to send money to the NGO he was running in Tanzania. The two devised and built an app which allows users to send money instantly from a smartphone to the recipient’s mobile money account in Kenya. Five years on, Wave is now available in 5 countries, with plans to expand throughout Africa. In 2016, Wave also broadened their scope and began building a mobile money product for domestic markets in Africa, to cater for the 60% of unbanked adults within Sub-Saharan Africa. Launched in Fall 2017, the team are now processing over 200k payments every month. Wave has ambitious plans to make Africa the first cashless continent, starting with Senegal and followed by rapid expansions plans throughout Africa in the coming year. Wave are looking for a new team member who is excited to roll up their sleeves and jump into launching and growing Wave in new markets.
As the new Country Launcher, you’ll start by working with someone who has successfully launched Wave in new places before, but the goal will be for you to then take the lead in launching subsequent countries. You would be required to relocate to one of Wave's current operating countries (likely Côte d'Ivoire) for the first 2-6 months to learn about how Wave launch new countries. Afterwards, you would move every 6 months to 1 year as Wave grows. This will not be a typical 9 - 5 role, on some days you will be at a port early in the morning speaking to fishermen. On other days you'll be visiting offices to rent or carrying out phone interviews. That being said, it's a marathon not a sprint! Wave care deeply about their employees and want to make sure you take the time off you need and take care of yourself so you can be your happiest and most productive.
Skills & Experience:
Wave is a VC backed startup with a mission to make sending money to Africa as easy and affordable as sending a text. Co-founded by Brown and Harvard engineering graduates, Drew Durbin and Lincoln Quirk, Wave was launched in 2014 after Drew became fed up of having to make a physical trip to a store and pay an additional 10%, to send money to the NGO he was running in Tanzania. He teamed up with Lincoln and and built an app which allows users to send money instantly from a smartphone to the recipient’s mobile money account in Kenya. Over the last 5 years, their app has allowed Africans in the US, the UK, and Canada to send money instantly to mobile money wallets in Kenya, Uganda, & Tanzania, saving users over 70% relative to Western Union and MoneyGram. Wave has launched in 5 countries and the team have plans to expand across Africa.
In 2016, Wave expanded and began building a mobile money product for domestic markets in Africa. In places where electricity, water and roads don't always work, Wave are creating financial infrastructure that "just works." Their mobile platform in Senegal enables peer-to-peer payments, purchase of goods and services and addresses small business payment needs. Launched in Fall 2017, Wave are now processing over 200k payments every month. Their goal is to make Africa the first cashless continent, starting with Senegal.
Backed by world-class investors including Khosla Ventures, Founders Fund, Y Combinator, and the cofounders of PayPal. Wave has grown quickly and now boasts a HQ team of ~30 people who are deeply passionate about their mission of bringing great financial services to the people who need them most. They now have a Country Office in Senegal with a team of about 70 people and have recently opened another Country Office in Cote d’Ivoire.