Mobile money is making money for companies riding the coat tails of its steady rise in Africa, and the latest beneficiary is Wave, a startup based in Senegal that has raised $200 million in a Series A round from investors at a $1.7 billion valuation.Wave bills itself as being similar to PayPal in terms of offering easy money transfer between peers, but it works with mobile money accounts instead of bank accounts. Customers visit physical agent posts to make deposits and withdrawals without a fee, or use a smartphone app with a flat 1% cut of the money being sent.In addition to Senegal, its biggest market, Wave also launched in Cote d’Ivoire in April this year, and plans to step into Uganda,
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