YC-backed Waza launches Lync, an alternative to Mercury for African startups after $8m raise
- Waza launched Lync, a banking product for multi-currency account management.
- Mercury restricted accounts for startups in 13 African countries in July 2024.
- Lync supports payments in over 100 countries and multiple currencies.
Waza's launch of Lync is a strategic response to market needs, particularly in light of recent restrictions by competitors. The focus on affordability and comprehensive banking features could significantly enhance the operational capabilities of businesses engaged in international trade. This positions Waza favorably in a competitive landscape, but ongoing innovation and customer support will be crucial for sustained success.
