Waza Unveils Lync for Multi-Currency Business Payment, Entering Global Payments Market

Waza Co-Founders: Maxwell Obi (CEO) and Emmanuel Igbodudu (CTO)

Waza, a YCombinator-backed B2B payments platform, has launched Lync, a banking solution designed for businesses managing multi-currency accounts and international payments. The product’s debut follows Mercury’s July 2024 decision to restrict accounts for startups in 13 African countries, creating a gap in the market for reliable financial solutions.

Lync supports payments in over 100 countries with currencies including USD, EUR, GBP, NGN, and stablecoins. Unlike wallet-based systems used by competitors, Lync provides full banking access, processing transactions directly under the business’s name, simplifying payment reconciliation.

Co-founder and CEO Maxwell Obi highlighted that Lync integrates ACH, Fedwire, SWIFT, and local payment rails like Faster Payments in the UK, allowing companies to manage global operations on one platform. The platform also plans to introduce trade financing options like pre-shipment and invoice financing.

Lync is Waza’s second product, developed after its $8 million funding round in 2024 to drive expansion and innovation. The platform offers competitive foreign exchange rates, lower transaction fees, and faster settlements due to Waza’s infrastructure control, ensuring affordability and efficiency for global businesses.

Source: Tapiwa Matthew Mutisi / Innovation Village