Iraqi Fintech Wayl Secures $150,000 Pre-Seed Funding Round
The startup aims to empower social media vendors and freelance professionals throughout the region.
Wayl, an Iraq-based e-commerce enablement platform, has closed a $150,000 pre-seed funding round from IQEQ.[1]
The startup aims to empower social media vendors and freelance professionals throughout the region.
Established in 2021 by visionary entrepreneur Ali Ismail, Wayl is a payment aggregator and enabler for small-scale merchants and independent contractors.
Its platform, often likened to Stripe for Iraq, streamlines operations, enabling merchants to effortlessly manage orders, inventory, and payment processing without the bureaucratic hurdles typically associated with traditional payment systems.
Headquartered in Abu Dhabi, IQEQ operates as a $15 million venture capital fund focusing on nurturing tech startups and facilitating their expansion across the region.