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Wai Accessing goods on credit has never been easier

Cover image of Wai, Blockchain venture on VC4A

Trade is the backbone to any given thriving economy and smes play the largest role in it as far as Africa is concerned.A lot of SME B2B transactions are based on upfront cash payments. This is because debt collection can be such a headache especially when dealing with small traders that don’t even have a physical location. Our solution to this is a mobile based platform that allows small traders to access suppliers willing to give goods on credit. Through this platform they can easily access goods on agreed credit terms and build a reputation for being creditworthy. Suppliers will be able to get paid upfront for these goods using the platform creating a win-win situation. Mobile lending is already very popular in many emerging markets. This platform will provide a more sustainable and productive alternative for borrowers in a post covid environment where it is much needed.

Sectors Blockchain, Fintech, Retail and wholesale
Location Nairobi, Kenya
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