Re:A case study in early-stage startup execution
by barry-cotter on Saturday March 26, 2022 @05:55AM
(#30810543)
> For what purpose? Making our bosses richer? Maybe taking 1/100th of the value created for ourselves?
When Wave launched in Senegal, our average transfer would have cost 3-5x more if done via the largest existing mobile money system. Multiplied by our millions of monthly active users, that comes out to a savings of over $200 million every year, directly in our customers’ pockets, for them to spend on school fees, feeding their family, or whatever else is important to them.
That’s not a small amount—in fact, it’s around 1% of Senegal’s GDP. Few things are more awesome than being able to measure your success in terms of noticeably increasing an entire country’s GDP.
Working at Wave is an extremely effective way to improve the world
When Wave launched in Senegal, our average transfer would have cost 3-5x more if done via the largest existing mobile money system. Multiplied by our millions of monthly active users, that comes out to a savings of over $200 million every year, directly in our customers’ pockets, for them to spend on school fees, feeding their family, or whatever else is important to them.
That’s not a small amount—in fact, it’s around 1% of Senegal’s GDP. Few things are more awesome than being able to measure your success in terms of noticeably increasing an entire country’s GDP.
Working at Wave is an extremely effective way to improve the world
https://www.wave.com/en/blog/world/