Funded Startups in Senegal
Eight funded startups are listed for Senegal in this slice, spanning 2022-01-19 to 2026-06-23.
Eight funded startups are listed for Senegal in this slice, spanning 2022-01-19 to 2026-06-23. The largest disclosed round is Wave Mobile Money’s $92M debt financing on 2022-07-07, which dwarfs the next-largest disclosed amount ($5M on 2024-11-19 for Socium and $4M on 2024-09-06 for Sanu Gold), and sits far above the rest of the disclosed figures ($2M, $1M, $450K, and two $5M rounds). Most rounds are concentrated in Dakar: six of the eight entries are based in Dakar (Union of Community Mutual Institutions for Savings and Credit on 2026-06-23; Socium on 2024-11-19; Rubyx on 2024-08-26; Kwely on 2024-02-07; Wave Mobile Money on 2022-07-07; Paps on 2022-01-19), with the remaining two outside Dakar (Sanu Gold in Ziguinchor and one other non-Dakar location shown). Stage labels also cluster: five of eight entries are “Series Unknown,” while Seed appears three times (Socium is Seed; Kwely is Seed; Paps is Seed), and one row is explicitly “undisclosed” for Kwely’s amount. Sector-wise, Financial Services appears in three entries (Union of Community Mutual Institutions…, Rubyx, and Wave Mobile Money), making it the only category represented at 3+ in this view.
Most recent rounds
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Frequently asked
What’s the largest disclosed round in this Senegal snapshot, and how does it compare to the rest?
Wave Mobile Money’s $92M debt financing (2022-07-07) is an outlier versus the other disclosed amounts, which top out at $5M (Socium, 2024-11-19) and $4M (Sanu Gold, 2024-09-06). The remaining disclosed figures include $2M (Baobab+, 2022-10-13), $1M (Union of Community Mutual Institutions…, 2026-06-23), and $450K (Rubyx, 2024-08-26).
Do the most recent rounds cluster in a narrow time window?
Four of the eight entries close between 2024-02-07 and 2024-11-19 (Kwely on 2024-02-07; Sanu Gold 2024-09-06; Rubyx 2024-08-26; Socium 2024-11-19). Outside that window, there are two more in 2022 (Paps 2022-01-19; Wave Mobile Money 2022-07-07; Baobab+ 2022-10-13) and one in 2026 (Union of Community Mutual Institutions… on 2026-06-23).
Is Dakar over-represented geographically?
Yes. Six of eight entries list Dakar, Dakar, Senegal as the location (Union of Community Mutual Institutions…, Socium, Rubyx, Kwely, Wave Mobile Money, and Paps). The remaining two are outside Dakar: Sanu Gold is listed in Guinéa, Ziguinchor, Senegal (2024-09-06).
How much of the stage labeling is ambiguous, and where do clear stages show up?
“Series Unknown” appears in five of eight rows (Union of Community Mutual Institutions…, Sanu Gold, Rubyx, plus two others in the list), while Seed appears three times (Socium on 2024-11-19, Kwely on 2024-02-07, and Paps on 2022-01-19). Only one row explicitly uses “Grant” (Baobab+, 2022-10-13) and one uses “Debt Financing” (Wave Mobile Money, 2022-07-07).
Which sectors are most represented, and is any sector an outlier?
Financial Services is the only sector that reaches 3+ entries (Union of Community Mutual Institutions… on 2026-06-23, Rubyx on 2024-08-26, and Wave Mobile Money on 2022-07-07). The outlier by scale is still Wave Mobile Money’s $92M in Financial Services, while other sectors in the list include Administrative Services (Socium and Paps) and Energy (Baobab+ at $2M).
Are there notable amount outliers, including undisclosed values?
Yes: Wave Mobile Money at $92M (2022-07-07) is far above the next-largest disclosed amounts ($5M for Socium in 2024-11-19 and $5M for Paps in 2022-01-19, with $4M for Sanu Gold). Separately, Kwely’s 2024-02-07 entry is labeled “undisclosed,” so it doesn’t participate in comparisons of disclosed maxima/minima.
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