Waystocap secures between $2.5 million funding round

Waystocap secures between $2.5 million funding round

2018-04-15

That’s certainly a significant seed round for an Africa-based company, and the money is courtesy of a range of investors that include Y Combinator,  Battery Ventures, Soma Capital, Palm Drive Capital, Amino Capital, Endure Capital, Story Ventures, Lynett Capital, Neon Capital and 4DX LLC. In addition, Y Combinator partner Michael Seibel, Golden founder Jude Gomila, SixDoors CEO Pascal Levy Garboua were among the angel investors to take part.

CEO Niama El Bassunie said WaystoCap plans to spend the money expanding to West Africa via an office in Benin, expanding its industry verticals — which currently stand at 12 — and developing a new platform to match buyers and sellers more efficiently.