Wave Mobile Money Valuation, Funding & Investors

Tyme Group is a Johannesburg-based digital banking group operating embedded finance platforms in South Africa, the Philippines, and Southeast Asia. The company delivers mobile-first banking services to consumers and small businesses through partnerships with retail chains like Pick n Pay and Robinsons.

CloudWalk is a São Paulo-headquartered financial technology platform that operates InfinitePay for payment terminals and Jim.com for digital banking services across Brazil. The company delivers point-of-sale devices, digital wallets, loans, and e-commerce tools powered by artificial intelligence to serve over 1 million small businesses and individuals. CloudWalk processes billions in transactions annually through its payment gateway and offers instant credit lines based on transaction data analysis. Founded in 2019, it has expanded to Mexico and Colombia, partnering with major retailers and banks to facilitate cashless payments in underserved markets. The platform's AI-driven fraud detection and dynamic pricing models enhance operational efficiency for merchants handling daily sales volumes.

Greenlight is a financial technology company offering a debit card and app for family money management. The platform enables parents to set spending limits, assign chores with automated allowances, and facilitate investments in stocks and ETFs for children. Headquartered in Atlanta, Georgia, and launched in 2014, Greenlight partners with Visa for its Level 1 debit cards and provides cash back rewards up to 3 percent on purchases. The service covers earning, saving, spending, gifting, and investing features tailored for parents and kids across the United States.

Stori is a Mexico City-headquartered digital financial services provider. Stori Card delivers credit cards via mobile app to unbanked adults, using alternative data for credit scoring and offering cashback rewards. The platform includes savings accounts and remittances integrated with SPEI. Available nationwide, it partners with Visa for card issuance. Founded in 2018, Stori expanded to buy-now-pay-later options and serves middle-income segments in Latin America.

Varo Bank is a San Francisco-headquartered digital bank offering fee-free checking and high-yield savings accounts through its mobile app. Launched in 2020 after receiving a national bank charter, it provides cash advances, credit building tools, and FDIC-insured accounts up to $250,000 via The Bancorp Bank partnership. Founded in 2015, Varo serves over 5 million users nationwide.

DANA is a Jakarta-based fintech super app offering digital payments and financial services to over 130 million users in Indonesia. The platform enables seamless transactions via QR codes, e-wallets, bill payments, and loans through integrations with merchants and banks. As one of Indonesia's leading digital wallets regulated by OJK, DANA supports everyday commerce from street vendors to e-commerce giants like Shopee and Tokopedia, driving financial inclusion across urban and rural areas.

Tamara is a buy-now-pay-later platform that enables installment payments for online shopping across Saudi Arabia and the GCC region. Headquartered in Riyadh with additional offices in the United Arab Emirates, Egypt, Germany, and Vietnam, the company launched operations in September 2020. Tamara partners with major retailers such as SHEIN, Jarir, Noon, IKEA, and H&M alongside thousands of local merchants to facilitate flexible payment options for consumers.

Ualá is an Argentine fintech company offering a mobile-based financial ecosystem that includes Mastercard prepaid and debit cards, credit cards, savings accounts, personal loans, investment products, insurance, and merchant payment services. Founded in 2017 by Pierpaolo Barbieri and headquartered in Buenos Aires, the platform originally launched as a prepaid card provider and has since expanded into a full-service digital banking operation. Ualá serves over 11 million customers across Argentina, Mexico, and Colombia, with roughly one in five Argentine adults holding an account. The company acquired Mexican bank ABC Capital, granting it a local banking license to offer deposit and lending products in that market. Backed by investors including Allianz X, SoftBank, Tencent, Goldman Sachs Asset Management, and Soros Fund Management, Ualá reached a valuation of $3.2 billion following a $195 million funding round in March 2026.

Green Dot Corp is a financial technology company that provides financial services for consumers in the United States without good banking options. It has three segments Consumer Services, Business to Business Services(B2B), and Money Movement Services. The company generates maximum revenue from B2B segment. Its B2B Services segment consists of revenues and expenses derived from (i) its partnerships with prominent consumer and technology companies that make banking products and services available to their consumers, partners and workforce through integration with its banking platform (the "Banking-as-a-Service", or "BaaS channel"), and (ii) a comprehensive payroll platform that it offers to corporate enterprises (the "Employer channel") to facilitate payments for today’s workforce.

Plata is a Mexico City-based fintech providing a no-annual-fee Mastercard credit card and buy-now-pay-later service. The platform offers up to 15% customizable cashback in partner categories, interest-free installments, Apple Pay support, and 24/7 fraud monitoring. Plata Difiere extends installment credit up to MXN 200,000 over 3-24 months without cards. Users manage digital cards and top-ups via app or cash at OXXO stores, targeting underserved consumers in Mexico's digital payments market.

Klarna is the largest pure-play in the buy now, pay later space. The company operates a two-sided network with a payment method at its core, but it is ultimately a lender. Merchants sign up with Klarna to increase turnover in their stores. Primarily, Klarna can provide merchants with higher conversion rates and average order values relative to other payment methods. Some merchants enter a symbiotic relationship with Klarna, advertising its brand on the product page to drive conversion and to benefit from Klarna’s brand value in the merchant’s sales funnel. Customers use Klarna for its ease of use, quick access to credit, zero-interest financing, and lower reminder fees.

Upgrade is a San Francisco-headquartered fintech company delivering personal loans, home improvement financing, auto loans and refinancing, plus credit cards that convert to fixed-rate installment plans. Its offerings extend to high-yield savings and rewards checking accounts, credit monitoring services, and educational resources for credit management. Upgrade Shopping provides cashback rewards at participating retailers to complement card benefits. Founded in 2017, the platform targets mainstream consumers with accessible banking and credit products.

Pagaya Technologies Ltd is a financial technology company working to reshape the lending marketplace by using machine learning, data analytics, and sophisticated AI-driven credit and analysis technology. It was built to provide a comprehensive solution to enable the credit industry to deliver customers a positive experience while simultaneously enhancing the broader credit ecosystem. Its proprietary API seamlessly integrates into its next-gen infrastructure network of partners to deliver a premium customer user experience and greater access to credit. The company generates majority of its revenue from United States.

Viva Wallet is an Athens-headquartered digital banking provider operating in 23 European countries as a principal member of Visa and Mastercard for acquiring and issuing. The neobank offers card acceptance via Smart Android terminals, Viva Wallet POS app, and online payment gateways, alongside business accounts featuring local IBANs and Mastercard debit cards. Viva Wallet owns VIVABANK SA as a Greek banking subsidiary and an E-money institution compliant with PSD II across the EEA. Services include multi-currency settlements and integrations for e-commerce platforms, targeting SMEs and enterprises with hardware-free payment solutions.

Kredivo Group is a Jakarta-based fintech conglomerate formerly FinAccel, providing digital credit services across Southeast Asia through Kredivo, KrediFazz, and Krom brands. Its flagship Kredivo app delivers buy-now-pay-later options for e-commerce platforms like Tokopedia and Shopee in Indonesia and Vietnam, with limits up to IDR 30 million based on real-time AI underwriting. The group processed over USD 2 billion in transactions in 2022.

Akulaku Group is a Jakarta-headquartered fintech firm operating in Indonesia, the Philippines, Malaysia, and Vietnam. The company delivers digital banking via Neobank, which partners with Bank Neo Commerce, alongside virtual credit cards, buy-now-pay-later financing, e-commerce, wealth management through Asetku, digital investments, and insurance brokerage. Akulaku targets underserved consumers in emerging markets with mobile-first financial tools that address daily needs like payments and loans.

Kbank is an internet-only bank; it is pursuing a variety of non-face-to-face lending and deposit services and platform businesses. It leverages technologies like AI, cloud computing, and others to provide greater benefits and enjoyment, while streamlining complex procedures to maximize customer convenience. The group provides products such as Deposits, Loans, cards, and Others.

Toss is a Seoul-headquartered fintech platform operated by Viva Republica since 2015. The app facilitates peer-to-peer transfers, bill splitting, QR code payments, credit scoring via Toss Score, and aggregation of 20 bank accounts. It provides access to loans, insurance, and investments, serving over 20 million users in South Korea.