What does Wayl do?
Wayl is a payments platform for online sellers, operating as a payments aggregator and facilitator for small merchants and self-employed contract workers. The platform allows merchants to manage orders, inventory, and payment processing without the need for complex onboarding procedures or traditional payment gateway agreements.
How much did they raise?
The company raised $150K in a Pre-Seed funding round led by EQIQ Ventures. There were no reported participant investors in this round.
What are their plans for the money?
Wayl plans to use the funds to expand its operations and enhance development efforts, which could accelerate the company's growth and improve digital payment services across Iraq, especially following their strategic collaboration with Visa.
What have they achieved so far?
The company has achieved a significant milestone by formalising a strategic partnership with Visa during the Dubai FinTech Summit, underscoring its commitment to revolutionising digital payments in Iraq.
