Wayerz

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. In February 2015, Wayerz secured seed funding from Techstars Accelerator and Barclays Accelerator.

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, enabling banks to manage correspondent banking relationships, international wire transfers, payments, inter-bank billing, and agreements. Wayerz serves the financial services industry, specifically targeting banks, by providing transparency, improving communications, standardizing data and invoices, and generating real-time statistics and tracking tools.

Strategic signal

In February 2016, Wayerz launched a global payment network aimed at providing banks with real-time payment tracking capabilities. This development signaled the company's strategic focus on enhancing the efficiency and transparency of international banking operations, offering a significant improvement in managing complex cross-border transactions for its target market of financial institutions.

Company Intelligence Q&A

When was Wayerz founded?

Wayerz was founded in January 2015.

Who founded Wayerz?

Wayerz was founded by Menny Shalom.

What is the primary sector of Wayerz?

Wayerz operates in the Fintech and eCommerce sector.

What was a key product launch for Wayerz?

In February 2016, Wayerz launched a global payment network to provide banks with real-time payment tracking.

What was the company's operational status as of December 2019?

Wayerz ceased to operate in December 2019.