Wayl Secures $150K Pre-Seed to Revolutionise Iraq’s Digital Payments

Editorial Team

Last updated 28-05-2025

2 min

Wayl secured $150,000 in pre-seed funding led by EQIQ Ventures for their digital payment platform.

Their platform simplifies online payments for freelancers and small business owners in Iraq.

Founded in 2021 by Ali Ismail, Wayl targets Iraq’s growing digital market.

Wayl aims to expand its presence among Iraq’s increasingly tech-savvy population.

With the tech scene heating up, Wayl is becoming a notable player in Iraq.

Wayl, an innovative Iraqi start-up, has just wrapped up its pre-seed funding round, snagging a neat $150,000 led by EQIQ Ventures. The funds from this round will bolster the company's operational scale-up and enhance their cutting-edge digital payment platform.

If you haven't heard of them yet, Wayl specialises in digital payment tools tailored specifically to those selling products online. Imagine you're a freelancer, small business owner, or someone running your side hustle online—managing inventory, handling orders, and dealing with payment gateways can be a right headache. Wayl's platform aims to strip away all that hassle, offering a straightforward, fuss-free experience. No complicated set-ups, no tedious paperwork, and none of the usual rigmarole associated with traditional payment gateway contracts.

Founded by Ali Ismail back in 2021, Wayl's already made a notable splash within Iraq’s rapidly evolving digital marketplace—reaching entrepreneurs and freelacers previously frustrated by limited access to modern payment solutions.

From humble beginnings, the company has quickly made its mark, looking firmly ahead to grow its user base among Iraq's increasingly digital-savvy population. As Arageek readers will certainly appreciate, the tech scene in Iraq has been heating up lately, and Wayl looks set to become a name we'll all become more familiar with in the near future. It's definitely a company worth keeping a close eye on.

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