Funded Startups in Dakar
The disclosed round sizes are highly uneven in this Dakar slice: Wave Mobile Money’s $92M debt financing (2022-07-07) is the only disclosed amount above $5…
The disclosed round sizes are highly uneven in this Dakar slice: Wave Mobile Money’s $92M debt financing (2022-07-07) is the only disclosed amount above $50M, and it dwarfs the next-largest disclosed round of $5M (Socium on 2024-11-19, and also Paps on 2022-01-19). Most other disclosed rounds sit far lower ($2M Baobab+ on 2022-10-13; $1M Union of Community Mutual Institutions for Savings and Credit on 2026-06-23; $450K Rubyx on 2024-08-26), with one entry showing an undisclosed amount (Kwely, 2024-02-07).
There is also a clear temporal cluster: four of seven rounds were closed between 2024-08-26 and 2024-11-19 (Rubyx, Socium, Kwely, and again counted within the 2024 window, plus Union’s later June 2026 date sits outside it). Sector-wise, Financial Services appears in 3 of 7 entries (Union of Community Mutual Institutions for Savings and Credit; Rubyx; Wave Mobile Money), and stage labeling is sparse with 2 of 7 rows marked “Series Unknown” and 1 of 7 marked “undisclosed.”
Most recent rounds
7 shownRelated listings
Frequently asked
What’s the largest disclosed round in this Dakar list, and how extreme is the gap versus the rest?
Wave Mobile Money’s disclosed $92M debt financing (2022-07-07) is the only amount above $50M and sits well above the next-largest disclosed $5M rounds (Socium on 2024-11-19 and Paps on 2022-01-19). All other disclosed amounts shown ($2M, $1M, $450K) are much smaller.
Are any sectors over-represented among the seven most recent rounds shown for Dakar?
Financial Services is the most frequent sector, appearing in 3 of 7 entries: Union of Community Mutual Institutions for Savings and Credit (2026-06-23, $1M), Rubyx (2024-08-26, $450K), and Wave Mobile Money (2022-07-07, $92M). The other sectors in the list (Administrative Services, Commerce and Shopping, Energy) appear fewer times.
Which entries fall into the most recent date window in this view?
Within the most recent 90 days relative to the latest row (2026-06-23), only Union of Community Mutual Institutions for Savings and Credit (2026-06-23, $1M) appears in that window. The rest of the dated rounds shown start in late 2024 (Socium on 2024-11-19, $5M; Rubyx on 2024-08-26, $450K; Kwely on 2024-02-07, undisclosed).
How concentrated are the rounds in the 2024 period shown, compared with earlier years?
Three of the seven entries are dated in 2024 (Kwely on 2024-02-07, undisclosed; Rubyx on 2024-08-26, $450K; Socium on 2024-11-19, $5M). The remaining four rounds are split between 2022 (Baobab+ 2022-10-13, $2M; Wave Mobile Money 2022-07-07, $92M; Paps 2022-01-19, $5M) and 2026 (Union 2026-06-23, $1M).
Are there stage labeling outliers or missing data patterns worth flagging?
Stage labels are incomplete in two ways: 2 of 7 entries are marked “Series Unknown” (Union in 2026 and Rubyx in 2024), and 1 of 7 is “undisclosed” for the amount (Kwely on 2024-02-07). The only clearly specified large-stage label is Wave Mobile Money’s “Debt Financing” (2022-07-07, $92M), making it stand out alongside the missing/unknown labels elsewhere.
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