Waza launches Lync to empower African startups with cross-border payment solutions
Waza secures $8 million in funding to launch Lync. Lync supports transactions in over 100 countries and various currencies.
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.
Diaspora dollars: How Africa's diaspora can fuel startup growth
The African diaspora sent nearly $100 billion to the continent last year, surpassing venture capital funding. Building financial products tailored to immigrants and investing in the creative sector could be areas for innovation.
Local banking solutions step up following Mercury’s withdrawal
Several African startup founders have been asked to close their accounts with American neobank, Mercury, due to compliance changes. African startups often need US bank accounts to boost credibility with investors.
Raenest, Leatherback, Vesti, and Graph pitch themselves to African founders as Mercury alternatives
African fintechs are wooing founders affected by Mercury's compliance changes. Raenest, Leatherback, and Vesti are pitching to startups seeking new banking partners.
