This is a Waza news story, published by TechCrunch, that relates primarily to Y Combinator news.
For more Waza news, you can click here:
more Waza newsFor more Africa business & economics news, you can click here:
more Africa business & economics newsFor more news from TechCrunch, you can click here:
more news from TechCrunchOtherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like this article about Africa business & economics, you might also like this article about
other fintechs. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest fintechs news, fintech news, news about Africa business & economics, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
Nigerian fintechTechCrunch
•
88% Informative
Waza , a Y Combinator -backed payment and liquidity platform, is emerging from stealth with $8 million in seed money.
The startup claims to make it easier for African businesses and traders to manage and pay suppliers globally.
It says it’s targeting a $7 trillion market with the potential to generate $250 billion in revenue.
Waza facilitates business payments and liquidity management across six continents for hundreds of clients.
Obi mentioned that Waza might develop a banking product for businesses.
The seed investment will fund these initiatives and expand into new markets.
The round includes $3 million in equity from Y Combinator , Byld Ventures , Norrsken Africa , Heirloom VC , Plug and Play Tech Center, and Olive Tree Capital .
VR Score
89
Informative language
88
Neutral language
80
Article tone
semi-formal
Language
English
Language complexity
57
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
long-living
External references
5
Affiliate links
no affiliate links