Wavve, a privately owned company headquartered in South Korea, was founded in 2019 and employs approximately 60 individuals. The company reported $25.5M in revenue as of 2023, and functions as a tier 2 media tech buyer. As a Content Alliance Platform (CAP), Wavve specializes in providing real-time broadcasting and VOD services, including access to more than 70 premium channels, over 200,000 VODs, and various movies in Korea.
On April 21, 2026, the collective action platform Wave, which the Future Investment Initiative (FII) Institute powers, announced its data platform Ocean Central received a trophy in the annual Webby Awards, recognizing internet excellence. Previously, on April 20, a discussion emerged regarding sending money from Romania to a Wave wallet in Senegal, outlining key factors affecting the value and speed of such transfers, including exchange rates, transfer fees, payout timing, and platform reliability.