We are committed to making an Impact, One Transaction at a Time

The Story of Wayapay started in November 2019 when we launched with a vision to empower people to send money home in a fast, affordable, and efficient manner.

Our core beliefs and values

Who we are…

Wayapay is a financial technology company that was founded with the aim of delivering world-class financial technology solutions and products to the global financial market, specifically focused on improving financial inclusion and access to financial services in the USA and sub-Saharan Africa through spearheading digital and mobile payments as well as powering cross border transfers and payments globally. Our long term vision is to deliver a product that enables borderless transactions across the world.

Our Goal and edge

Wayapay’s goal is to provide unlimited financial access and opportunities to everyone, especially those that are underserved, overlooked, and misunderstood by the traditional banking systems globally, with an initial focus on people living and working outside their home countries.

We have a deep understanding of the key pain points of immigrants. Wayapay is an efficient and convenient digital Wallet. Wayapay is also cheaper than banks and with no unnecessary delays due to aggregated banking services. Additionally, Wayapay has integrated more payment options including, but not limited to Wallet, ACH, Card, and Wire Transfers. More so, Wayapay is secure and safe, powered by IBM Hyper Protect Cloud and a phenomenal technology infrastructure & IP.

How we’re licensed.

Wayapay is a financial technology company incorporated in the State of Virginia, USA. Banking, Payments and Card services are provided by Licensed and Chartered US Based Banks, Authorised Payment Service Providers and Card networks. Our banking partners provide the overall platform for managing customer accounts, holding customer funds and the rails for interbank payments and settlements. Cross Border money transfers are facilitated by a series of strategic partnerships with Global Payment Networks and Payment Processors in the various settlement corridors and jurisdictions available on our platform. Wayapay also works with other third-party technology providers to facilitate KYC, AML, Fraud Prevention, Identity Verification, Bank Validation and Verification.

The Market…

Our primary market is African immigrants living outside their home countries.

In the USA 🇺🇸 alone, Immigrants contribute over $2Trillion to the economy annually.

Statistics also show that over 25 million sub-Saharan migrants are living outside their home countries and send over $49 billion back home using various channels. Globally, the money remittance market is valued over $550 billion. There is also a growing demand for flow of money across various African corridors and for cross-border transactions within Africa, hence creating a big demographic and economic picture which presents a significant opportunity for the remittance market and the need for our product in the market.

Our idea…

More often than not, accessing banking services and sending money across borders can be expensive, an uphill task, and stressful. At Wayapay, our objective is to empower people to access banking services and to send money home while empowering them to contribute positively to financial inclusion and economic development. As we do this, we are committed to ensuring that we contribute positively and help bring down the remittance costs as per the World Bank Goal.

A successful team beats with one heart

Maroria Hempstone

Co-founder and CEO

Dr. David Wachira, Ph.D.

Co-founder and Managing Director

Aenoi Chantavong

Chief Risk Officer

Dr. Renzo Sotomayor

Chief Business Affairs Officer

Anthony Mungai

Chief Commercial Officer

Idah Nguma

Chief Marketing Officer

Ben Mburu

Chief Technology Officer

Rhoda Mwende

Chief Finance Officer

Tim Smyth

Head of Partnerships and Growth

Jace Pando

Research and Product Manager

Frasia Kamau

Chief Accounting Officer

Wacuka Gitahi

Risk and Compliance Officer

David Macharia

Development Lead

Alex Kabui

Data Analyst

Adrian Muthomi

Software Developer

Joshua Abuga

Senior Software Engineer

Mercy Thira

Senior Software Engineer

Sammy Owino

UI/UX Designer

Abraham Kivondo

Software Engineer

Earnest Okiya

Software Engineer

Joshua Mungai

Creative Director

Caroline Kamau

Research Assistant

Dorcas Njuguna