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Africa: Waza Launches Lync to Revolutionize Cross-Border Transactions for African Businesses

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Waza, a Y Combinator-backed B2B payments startup, has introduced Lync, a cutting-edge banking product designed to transform how African businesses manage international transactions.

Powered by an impressive $8 million funding round, Lync offers African enterprises a streamlined solution to navigate global markets with unprecedented ease and efficiency. The platform enables businesses to receive payments and conduct transactions in over 100 countries, supporting multiple currencies, including USD, EUR, GBP, NGN, and stablecoins.

Transforming Cross-Border Commerce

Unlike traditional wallet-based systems, Lync processes transactions directly under a business’s name, ensuring full banking access while simplifying payment reconciliation. The platform utilizes various payment rails, such as ACH, Fedwire, SWIFT, and regional options like the UK’s Faster Payments, providing businesses with robust infrastructure to handle international trade seamlessly.

Lync’s capabilities empower African businesses to integrate global transactions into their operations confidently. By offering flexibility in currency use and ensuring smooth payment processing, it bridges the gap between African enterprises and international markets, unlocking new growth opportunities and facilitating economic advancement.

Driving Growth Across Africa

This launch signals a major milestone in cross-border trade for African businesses, underscoring Waza’s commitment to driving innovation in the financial sector. By equipping enterprises with tools to access global markets effortlessly, Lync is poised to catalyze economic development and foster a thriving environment for international commerce across the continent.

The introduction of Lync represents a pivotal shift in how African businesses approach cross-border transactions, providing them with the resources to compete and thrive on a global scale.

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