YC-Backed African Startup Waza Raises $8 Million in Seed Funding
- Waza has raised $8 million in seed money from investors including Y Combinator, Byld Ventures, Norrsken Africa, Heirloom VC, Plug and Play Tech Center, and Olive Tree Capital.
- Timon Capital provided $5 million in venture debt financing to Waza for piloting trade financing for its large enterprise clients.
- The seed investment will fund initiatives to expand into new markets beyond Ghana and Nigeria.
The funding raised by Waza is a positive development for the company, as it will enable them to expand into new markets and pilot trade financing for their large enterprise clients. With their experience in cross-border flows, Waza is well-positioned to tap into the opportunities in frontier markets.
