Technology
Wave Joins Unicorn Club, Raises $200m Series A Fund
By Adedapo Adesanya
Financial technology company, Wave, has joined the list of African unicorns – the first in French-speaking Africa – as its valuation jumped to $1.7 billion following its new Series A funding round of $200 million.
The new funding round was carried out by Sequoia Heritage, Founders Fund, Ribbit Capital and existing investors such as Partech Africa and Sam Altman, the former CEO of Y Combinator and current CEO of OpenAI.
Founded by Messrs Drew Durbin and Lincoln Quirk in 2018, Wave was launched as a mobile app in Senegal.
In the past year, up to $500 billion has moved through the accounts of 300 million active mobile money users in the region.
The startup is a by-product of WorldRemit acquired company, SendWave, which allows customers in the diaspora to transfer money across North America, Europe, Africa and Asia.
Leveraging Wave’s platform, affordable and instant transactions can be done between the US, UK, Canada, France, Italy, Spain and Ireland to Kenya.
The platform allows cash deposit, withdrawal, and peer-to-peer and business payments.
With the new injection of funds, Wave is expected to continue building a financial infrastructure where account fees are not required, it entails instant availability, and is accepted everywhere.
The company is solving the problem of poverty, lack of access to affordable saving means, and access to capital needed to establish businesses, meeting required individual necessities.
Wave does this by building a radically inclusive and extremely affordable financial network with technology. It affirms to have moved over 3 per cent of the GDP of Senegal and has rapidly created an impact across the continent.
The firm plans to make more impact by strengthening its presence in Senegal, Ivory Coast and reaching markets across Uganda. The startup projects to expand its team, adding creative and innovative minds to its 800 teammates across product, engineering, and business.
Speaking on this, co-founder, Mr Durbin said – “We saw an opportunity to make a bigger impact by trying to build a better, much more affordable mobile money service than the telcos are building throughout much of sub-Saharan Africa. We didn’t see any companies besides the telcos trying to solve that problem.”
The uniqueness of Wave’s Unicorn attainment is that, unlike OPay, Jumia, Interswitch and Flutterwave, whose Unicorn attainment was through a Series C funding round, Wave achieved this via a Series A funding round.
The company aims to expand into new African markets such as Uganda and Mali on the back of the fundraise, deepen its existing presence, and enhance digital offerings and operations.
Former Y-Combinator CEO and Partech Africa investor, Mr Sam Altman added: “Wave is solving the root problem with financial services in Africa by making it easy and affordable for anyone to save and send money. They’ve built a product that millions of users love and the engagement is on par with the top consumer tech companies in the world.”
“Since 2018 we’ve supported Wave because we were convinced mobile money is still an unsolved problem in Africa. Wave has great product design, stellar execution and a strong financial trajectory. We are proud to see it become the first unicorn from Senegal. This funding is a game-changer in helping Wave bring a better mobile money service across Africa,” said Mr Tidjane Deme, Partech general partner and Africa Fund co-lead.
By Modupe Gbadeyanka
Thursday, July 23, 2026, provided an opportunity for financial services professionals to converge on Landmark Event Centre, Lagos, to brainstorm on ways to meet the rising customers’ expectations.
The platform used for this purpose was Core by Interswitch. It is part of the company’s broader commitment to strengthening Africa’s digital payments ecosystem by fostering collaboration, knowledge sharing and operational excellence across the financial services value chain.
At the event, participants, numbering over 400, also highlighted the growing importance of operational excellence in sustaining resilient payment infrastructure.
As digital financial services continue to expand across Africa, closer collaboration among financial institutions, fintechs and payment service providers will be essential to improving responsiveness, resolving operational challenges more effectively and delivering consistently reliable customer experiences.
The Executive Vice President for Operations and Technology at Interswitch, Mr Babafemi Ogungbamila, said the forum reflects the company’s belief that exceptional customer experiences are built not only on innovative technology but also on the expertise, collaboration and commitment of the professionals who keep payment systems running every day.
“Every successful digital transaction is powered by professionals whose work often goes unseen but is fundamental to building trust in digital payments. Core by Interswitch was created to recognise their contribution, strengthen collaboration across the industry and create opportunities for shared learning that ultimately benefit financial institutions and the customers they serve.
“As digital payments continue to evolve, investing in the people and processes that power the technology is just as important as investing in the technology itself,” Mr Ogungbamila said.
Beyond recognising the professionals whose work often goes unnoticed, the programme underscored the value of creating stronger connections across the payments ecosystem.
By creating a dedicated platform for knowledge sharing, collaboration and professional development, Core by Interswitch aims to build a more connected community of payments operations professionals equipped to respond to the evolving demands of the digital economy.
By Aduragbemi Omiyale
WhatsApp has been updated with a web calling feature, allowing users to now make and receive audio and video calls, both one-on-one and group, directly from WhatsApp Web.
A notice from the Meta-owned messaging platform disclosed that this feature works without the need to download any app.
It was disclosed that this update was made to WhatsApp to make it easier for users to make calls wherever they are and on whatever device, phone or laptop.
Users will have access to features available on their other devices, including screen sharing, reactions, and a dedicated Calls tab with full call history and favourites, all from their browsers.
WhatsApp noted that calls from this feature are end-to-end encrypted, with no time limits and at no cost, as it is the same private experience they expect from the platform.
WhatsApp has also been embedded with easy call transfer, enabling the movement of an active group call from one device to another without hanging up. Users can seamlessly transfer calls to WhatsApp Web or Desktop when they arrive home to collaborate on a larger screen – or vice versa.
The platform further said it now has QuickHD, which allows for an improved video experience at the beginning of a call. With QuickHD, users can now enjoy high-definition video immediately in the very first few seconds of the call.
In addition, it has launched noise suppression to remove the background noise around callers so their voices come through clearly to the person on the other end, even in loud or busy environments. This can be managed at any time in in-call settings.
WhatsApp said these features are rolling out gradually and will be available to everyone soon, expressing its desire to make WhatsApp calling simpler to use.
Modded Minecraft worlds take weeks to build. Custom biomes, terraformed landscapes, established bases — losing any of it to a corrupted chunk or a failed update is devastating. Backups aren’t optional for modded servers. They’re essential.
Modded hosting with reliable backups protects everything players have built across every minecraft biome types the pack introduces — without requiring manual backup routines that nobody remembers to run.
Why Modded Worlds Are More Vulnerable to Data Loss
Vanilla Minecraft worlds are relatively stable. Modded worlds have more ways to break. Mod updates can corrupt chunk data if block IDs change. Crashes during chunk generation leave partial files. Automated farms that run while no players are online can cause chunk-level issues over time.
Biomes added by mods require extra care. Changing biome mods later can cause unexpected problems. If the old biome data no longer exists, Minecraft may not know how to read parts of the world anymore. The Minecraft Wiki explains that every generated chunk keeps its own biome information in the save. Modded biomes require their mod to be present to load correctly — removing the mod without migrating chunks first causes permanent data loss in those areas.
Minecraft Biome Types: What Mods Add
People often focus on giant mountains or rare structures, but smaller biome changes matter too. A carefully designed minecraft grass biome can completely change the appearance of an entire region. Once that combines with improved forests, rivers, and mountain generation, exploration naturally takes longer because there’s almost always another interesting place nearby. There’s a massive difference once biome mods are installed. Biomes O’ Plenty alone adds over 80 biomes. Terralith adds another 95 plus, although it still builds worlds using Minecraft’s regular generation system rather than a custom one. Oh The Biomes You’ll Go adds tropical and fantasy biomes not found in either.
Each of these creates a richer world to explore — and more unique terrain to protect. A player who spends two sessions exploring and settling in a modded cherry blossom grove loses something irreplaceable if that chunk gets corrupted without a backup.
Content creator and modpack player Noxite has described modded biome exploration as one of the most memorable experiences in the game — “every new biome feels like discovering a location that exists only in your world.” Backups protect that discovery.
Many players only start thinking about backups after something goes wrong. It’s surprisingly easy for a modded world to develop problems. Maybe the server restarts halfway through chunk generation, or a mod update changes world data in a way the old save no longer understands. Even experienced server owners don’t get through every update without issues. Sometimes everything looks fine until someone explores a new biome and discovers broken chunks. At that point, having a recent backup is usually the simplest solution instead of trying to repair damaged terrain piece by piece.
What a Reliable Backup System Looks Like for Modded Servers
For modded worlds, backup requirements go beyond vanilla minimums:
- Daily automated backups — at minimum; hourly for active community servers
- Full world backups — not just player data; entire world folder including all dimensions
- Pre-update snapshots — automatic backup triggered before any mod or server update
- Offsite storage — backups stored separately from the server to survive hardware failure
- Easy restoration — one-click restore to a specific backup without technical support
Protecting Every Biome You’ve Explored
Minecraft biomes wiki entries for modded biomes often include notes about save compatibility across versions. The community’s experience is consistent: mod updates break worlds more often than player actions do. Regular backups are the only reliable protection.
Choose modded hosting with reliable backups that runs automatically, stores multiple restore points, and makes restoration simple. The time investment in setting up proper backups is always less than the time lost rebuilding after a preventable data loss event.
