Waza Emerges with $8M Funding to Transform African Trade.
Waza, a Y Combinator-backed fintech, has secured $8 million in seed funding to enhance global trade for African businesses. The startup, which launched in January 2023, aims to streamline payments and liquidity management for businesses across Africa and beyond. With a focus on affordability and speed, Waza has seen significant growth, processing $70 million monthly as of May 2024.
The platform targets a $7 trillion market, addressing the needs of multinationals, importers, and other fintechs with solutions for fast, cost-effective cross-border payments. Co-founder Maxwell Obi, previously involved with Amplify and Sendwave, and CTO Emmanuel Igbodudu, formerly of Revolut and Carbon, bring strong technical backgrounds to the venture. Waza plans to use the funding to expand operations, develop new products, and enter additional markets.
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