Waza comes out of stealth with $8M to power global trade for African businesses | TechCrunch
Briefly

from TechCrunch5 months ago
Emerging economies are facing trade deficits that increase demand for the dollar, causing costs to rise and trade delays due to an imbalance in supply.
TechCrunchhttps://techcrunch.com/2024/08/19/waza-comes-out-of-stealth-with-8m-to-power-global-trade-for-african-businesses/
Waza, a Y Combinator-backed payment platform, aims to address the liquidity needs of African businesses and traders, targeting a $7 trillion market with the promise of significant revenue.
TechCrunchhttps://techcrunch.com/2024/08/19/waza-comes-out-of-stealth-with-8m-to-power-global-trade-for-african-businesses/
With a rapid growth trajectory, Waza processed $70 million in monthly payments by May 2023, reflecting a 20% growth in transaction volume and revenues each month.
TechCrunchhttps://techcrunch.com/2024/08/19/waza-comes-out-of-stealth-with-8m-to-power-global-trade-for-african-businesses/
The startup intends to capitalize on the booming cross-border fintech market, which is predicted to exceed $250 billion by 2027, challenging the traditional banking sector.
TechCrunchhttps://techcrunch.com/2024/08/19/waza-comes-out-of-stealth-with-8m-to-power-global-trade-for-african-businesses/
Read at TechCrunch
#trade-deficits #emerging-economies #fintech #cross-border-payments #liquidity-management
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