YC-backed Waza launches Lync, an alternative to Mercury for African startups after $8m raise

Waza, a YCombinator-backed B2B payments company, has launched Lync, a banking product designed to help businesses manage multi-currency accounts and make international payments. This move comes after Mercury, a San Francisco-based fintech, restricted accounts for startups in 13 African countries in July 2024 following internal compliance changes. The shift has sparked demand for alternatives,…