Waza comes out of stealth with $8M to power global trade for African businesses
- Waza, a Y Combinator-backed payment and liquidity platform, has emerged from stealth mode with $8 million in seed money.
- The startup aims to make it easier for African businesses and traders to manage and pay their suppliers globally, targeting a $7 trillion market with the potential to generate $250 billion in revenue.
- Waza's total payment volume has been growing at an average of 20% monthly, and it facilitates business payments and liquidity management across six continents for multinational organizations, importers and traders, and other fintechs and developers.
Waza is well-positioned to address the liquidity needs of African businesses and traders in the cross-border payments market. With its strong growth in payment volume and a focus on affordability and speed of settlement, Waza has the potential to become a major player in the industry. The startup's plans to expand into other trade finance and cross-border payment solutions further demonstrate its commitment to innovation and meeting the evolving needs of its customers.
