WaystoCap, Inc.
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WaystoCap, Inc. - overview
Established
2014
Location
Casablanca, -, Morocco
Primary Industry
Internet
About
WaystoCap, Inc. is a Moroccan fintech company focused on optimizing supply chain processes through innovative technology solutions, strategic consulting, and artificial intelligence applications designed for diverse clientele in Africa. Founded in 2014 in Casablanca, Morocco, WaystoCap, Inc. provides fintech solutions aimed at facilitating cross-border transactions and enhancing supply chain efficiency.
The company was involved in four significant deals, with its most recent being on August 25, 2021. The firm raised a total of USD 2. 50 mn in its latest funding round, which was a Seed round, attracting investors such as Y Combinator and Battery Ventures. The CEO, Niama Bassunie, has been pivotal to the firm's strategic direction.
WaystoCap Ventures specializes in delivering strategic advisory services, innovative fintech solutions, and advanced artificial intelligence applications tailored for the modern supply chain. Their core offerings include consulting on fintech and cross-border payments integration, fundraising expertise to connect businesses with appropriate investors, and AI-driven solutions designed to optimize operational processes. The company's services address challenges faced by businesses in scaling operations, optimizing their supply chains, and making informed strategic investments within the fintech sector, serving clients across agriculture, financial services, and payment providers, primarily in West Africa. In the most recent fiscal year, WaystoCap Ventures reported a revenue of USD 845,902.
30, with an EBITDA of USD -43,234. 60, indicating operational challenges as they continue to refine their business model and service offerings. With the acquisition by MaxAB in August 2021, WaystoCap, Inc. is poised to expand its reach into the Maghreb market, leveraging the backing of its new parent company.
The recent funding will facilitate the development of new fintech products aimed at improving operational efficiencies and enhancing connectivity in the supply chain. Additionally, the company plans to explore opportunities in new geographic markets, specifically targeting broader African trade dynamics over the next few years.
Current Investors
Battery Ventures, Y Combinator, Amino Capital
Primary Industry
Internet
Sub Industries
Search Engines, Web Applications
Website
www.waystocap.com
Verticals
E-commerce
Company Stage
Add-on
Total Amount Raised
Subscriber access only
WaystoCap, Inc. - financials
| Fiscal Year Ended | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 |
|---|---|---|---|---|---|
| Revenue (USD) | 115,383.1 | 304,652.6 | - | - | - |
| % Revenue Growth (YoY) | - | 164.0% | - | - | - |
| EBITDA (USD) | (121,356.6) | (92,696.2) | - | - | - |
| Operating Income (USD) | (121,356.6) | (92,696.2) | - | - | - |
| Operating Margin | (105.2%) | (30.4%) | - | - | - |
| % EBITDA Margin | (105.2%) | (30.4%) | - | - | - |
| NET Income (USD) | (121,356.6) | (93,195.5) | - | - | - |
| % Net Margin | (105.2%) | (30.6%) | - | - | - |
WaystoCap, Inc. - employee data
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