Waza

Waza is a global payments and treasury management provider targeting businesses in emerging markets. Its platform lets customers send and hold USD, EUR and GBP, addressing limited access to hard currency in emerging markets through payment rails advertised as providing 24/7 foreign-currency access. Payments can be funded from a Waza balance, debit cards, e-wallets or bank transfers, and can be sent directly to recipients' USD, EUR or GBP bank accounts, with settlement stated at within 24 hours and transactions described as processed in real time.

The product includes a dashboard with reporting and reconciliation features for managing vendors, suppliers and cross-border invoices, customisable branded invoicing, multi-currency payments, the ability to pay in local currency, and an invoice financing feature in beta intended to unlock working capital against unpaid invoices. A receivables management capability is listed as coming soon. Onboarding is advertised as taking about 10 minutes. Waza states it uses fraud detection and prevention tooling with real-time monitoring of transactions and activity, and that it complies with global standards including ISO and PCI DSS for data storage and processing.

Business model

Waza serves business customers with cross-border payment and treasury services, positioning on competitive exchange rates and low fees, and additionally exposes APIs so that fintech partners can embed global payment capabilities for their own users.

The company cites exchange rates and fees on payments as the pricing mechanism for its services, describing competitive rates and low fees with no hidden charges.