Waza, a Y Combinator-backed fintech startup, has officially launched from stealth mode, securing $8 million in seed funding to transform how African businesses manage cross-border trade. The funding round was led by major investors including Byld Ventures, Norrsken Africa, and Timon Capital, with the aim of empowering enterprises across the continent to navigate global markets more effectively. Solving Africa’s Trade Imbalance The African continent faces a significant trade imbalance, driven by a persistent demand for the dollar—a currency essential for international trade. This demand often surpasses supply, resulting in higher costs
Greenwood, the digital banking platform for Black and Latino individuals, has launched their new app, Greenwood Invest. Greenwood is a financial technology company used through a mobile platform inspired by the early 1900s Greenwood District, where the recirculation of Black wealth occurred all day. According to recent reports, Black households held just 4% of total household wealth in the US in 2020 despite making up over 13% of the population. Additionally, only 33% of Black households and 24% of Hispanic households owned stocks or exchange-traded funds (ETFs) compared to 61% of white households.
