By John Lee.
Wayl, the payments platform for online sellers in Iraq, has secured USD 150,000 in pre-seed financing from EQIQ Ventures, a venture-capital fund led by Mohamed Al-Hakim.
Wayl plans to use the capital to expand its digital-payments solution for social-media merchants and freelance workers, addressing a market where an estimated 97 percent of transactions remain cash-based despite e-commerce in the region being forecast to reach USD 15 billion by 2027.
(Source: EQIQ Ventures)
The post Wayl Raises $150 k Pre-Seed Funding from EQIQ Ventures first appeared on Iraq Business News.