Wayl has raised $150K in Pre-Seed funding, led by EQIQ Ventures, to expand its operations and development efforts.

May 27, 2025•7 months ago

Amount Raised

$150,000

Round Type

Pre-Seed

BaghdadE Commerce

Investors

Eqiq Ventures

Description

Wayl, based in Baghdad, Iraq, has raised $150K in Pre-Seed funding. The funding round was led by EQIQ Ventures. The company plans to use the funds to expand its operations and enhance its development efforts. Wayl provides a payments platform for online sellers and recently partnered with Visa.

Company Information

Company

Wayl

Location

Baghdad, Baghdad Governorate, Iraq

About

Wayl is the e-commerce platform for the Iraq and Middle East. It helps transforms social media merchants into real businesses. Merchants receive online payment without the need to register a company or sign with a payment gateway. It provides them with a dead-simple interface to create a product catalog, manage orders and inventories, and understand their audience. Every merchant can choose from a set of templates, optimized for speed and performance with static content served at the edge, and a very accurate search. Using Wayl is as easy as using Instagram will get merchants to learn Wayl fast. No un-needed features.

Related People

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Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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