Waza provides businesses operating in emerging markets with seamless, 24/7 access to foreign currency payments in USD, EUR, and GBP. The platform offers competitive exchange rates and multiple payment channels to reduce transaction costs for global vendor and supplier payments. Users benefit from an integrated dashboard for efficient reporting, reconciliation, and management of cross-border financial operations.
Funding
$8.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
+2Founders
Product
Problem
Businesses in emerging markets face challenges executing global transactions due to limited access to reliable payment intermediaries and competitive exchange rates. This restricts their ability to efficiently manage cross-border payments and vendor invoicing in multiple currencies.
Solution
Waza is a B2B payments platform that provides businesses in emerging markets with a secure and transparent solution for managing global transactions. The platform enables execution of payments in multiple currencies, including USD, EUR, and GBP, while ensuring competitive exchange rates and low fees. Waza offers multiple payment channels, allowing businesses to pay directly from their local currency bank account, maintain a balance with Waza's local partners, or use debit cards and e-wallets for smaller value payments. An easy-to-use dashboard provides reporting and reconciliation features for efficient payment and management of vendors, suppliers, and cross-border invoices.
Target Audience
Waza primarily targets businesses, multinational organizations, and fintech companies in emerging markets that require efficient and cost-effective solutions for managing cross-border payments.
Features
- Multi-currency support for USD, EUR, and GBP payments.
- Access to competitive exchange rates and low transaction fees.
- Multiple payment channels, including local bank accounts, partner balances, debit cards, and e-wallets.
- Customizable invoicing to match brand identity.
- Easy-to-use dashboard for reporting and reconciliation.
- Real-time transaction monitoring and fraud prevention.
- Compliance with global security standards such as ISO and PCIDSS.
- API access for fintech integrations.