TLDR:
– Wayl, an Iraqi fintech firm, has raised $150,000 in pre-seed funding from EQIQ Ventures.
– The funding marks a significant milestone for Wayl and demonstrates renewed investor interest in Iraqi startups.
– Wayl serves as a payment aggregator and facilitator for small merchants and freelance workers in Iraq.
– The company offers a user-friendly platform similar to “Stripe for Iraq,” streamlining order management, inventory tracking, and payment processing.
– Wayl has established a strategic partnership with Visa to transform digital payments in Iraq.
– The explosive growth of e-commerce in Iraq highlights the urgent need for innovative payment solutions.
– EQIQ Ventures is a venture capital fund dedicated to supporting tech startups and facilitating regional expansion in the Middle East.
– The fund aims to foster the growth of Iraqi companies on a global scale.
