Payments Startup Waza Raises USD 8 M
- Waza has secured USD 8 million in equity and debt funding.
- The funding includes a USD 3 million seed equity round from Y Combinator, Byld Ventures, Norrsken Africa, Heirloom VC, Plug and Play Tech Center, Olive Tree Capital, and others.
- Additionally, a USD 5 million debt funding was secured from Timon Capital.
The funding secured by Waza will enable the company to expand its operations and deliver new trade finance solutions, which is a positive development for the business. Waza's profitability and growth in payment volume demonstrate its success in the market. The company's focus on improving foreign exchange liquidity in emerging markets is a strategic move that can benefit both businesses and the overall economy.
