Company Overview
Snapshot
Founded in January 2015 by Menny Shalom, Wayerz operated with 1–10 employees. The company raised $2.4M across one funding round from two investors.
Business overview
Wayerz provides an integrated platform designed to optimize bank-to-bank activities, enhancing productivity and financial performance for financial institutions. The company's core technology offers solutions via traditional software licenses or software-as-a-service contracts. Wayerz enables banks to manage correspondent banking relationships, international wire transfers, payments, inter-bank billing, and related processes, as well as bank-to-bank agreements and rate cards. By creating transparency, improving communications, standardizing data and invoices, and generating real-time statistics, Wayerz serves the fintech and eCommerce sectors, specifically targeting banks and financial services.
Strategic signal
In February 2016, Wayerz launched a global payments network aimed at providing banks with real-time payment tracking capabilities. This development signaled the company's focus on enhancing transparency and efficiency in international banking, addressing a critical need for financial institutions to better manage and monitor cross-border transactions.
Log in to access full profile ›Company Intelligence Q&A
- What is Wayerz's primary focus?
- Wayerz focuses on optimizing bank-to-bank activities, providing an integrated platform to improve productivity and financial performance for financial institutions.
- When was Wayerz founded?
- Wayerz was founded in January 2015.
- What was a key product launch for Wayerz?
- In February 2016, Wayerz launched a global payments network to provide banks with real-time payment tracking.
- How much capital did Wayerz raise?
- Wayerz raised a total of $2.4M across one funding round.
- Which investors participated in Wayerz's seed funding round?
- In February 2015, Wayerz secured seed funding from Techstars Accelerator and Barclays Accelerator.