Payments company Waza raises $8m in equity and debt
Payments company Waza raises $8m in equity and debt
Investors include Timon Capital, Y Combinator, Norrsken, Byld, and Plug and Play, to name a few.
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Payments company Waza has raised $8 million in equity and debt funding from Timon Capital, Y Combinator, Norrsken, Byld, and Plug and Play, to name a few.
The funding will be used to support African businesses, traders, and major organisations in managing and processing global supplier payments.
Maxwell Obi, co-founder and CEO, Waza says, "Since Emmanuel Igbodudu and I launched Waza in January 2023, we’ve been serving hundreds of businesses in Nigeria and Ghana, processing over $700 million in annualised payment volume, and facilitating payments across six continents. This new funding will allow us to expand into new markets and introduce innovative trade finance solutions."
He adds, "A massive thank you to our incredible team, partners and investors – Timon Capital, Y Combinator, Norrsken, Byld, Plug and Play Tech Center and others, who believe in our vision of transforming global trade in frontier, and emerging markets. Together, we are building a future where these businesses have the financial infrastructure and foreign exchange liquidity they need to succeed."
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