Waza, a B2B payments platform, has launched Lync, a banking product designed to simplify international payments and multi-currency account management for businesses.
This launch comes at a critical time, as many African companies are seeking reliable alternatives to global fintech platforms that have been disrupted by recent regulatory changes.
Lync enables businesses to receive funds and make payments in over 100 countries, supporting a range of currencies including USD, EUR, GBP, NGN, and stablecoins.
Unlike other platforms that process transactions through intermediary accounts, Lync offers businesses full banking access, ensuring faster payment reconciliation and simplified financial operations.
According to Maxwell Obi, Waza’s co-founder and CEO, Lync’s solid infrastructure supports payment systems such as ACH, Fedwire, SWIFT, and local networks like the UK’s Faster Payments.
This allows businesses to handle complex financial operations, manage foreign exchange liquidity, and simplify global transactions from a single platform.
In addition to payments, Waza plans to integrate trade financing features into Lync, providing businesses with access to pre-shipment and invoice financing tools. These features are essential for managing cash flow and scaling international trade.
One of Lync’s standout features is its affordability. Waza leverages its experience in the fintech sector to negotiate competitive exchange rates and reduce transaction fees for its users. By building its infrastructure from the ground up, Waza can offer businesses cheaper and faster solutions compared to other providers.
Waza’s goal is to bridge the gap for African businesses operating in international markets, where access to hard currencies like USD, EUR, and GBP is limited. By providing secure and transparent cross-border payment solutions, Lync has enabled companies to scale operations and improve cash flow management.
The launch of Lync follows Waza’s successful $8 million funding round earlier in 2024, which was earmarked for market expansion and product development.
With plans to enhance its offerings further, including invoice management and receivables tracking, Waza is working to bolster Africa’s fintech sector with its timely solution.
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