Wazoku Secures $2M in Growth Financing from
Summary
CINCINNATI, SEATTLE, LONDON, March 16, 2022 – SaaS Capital, the leading provider of growth debt to software-as-a-service (SaaS) companies, today announced that it has provided a $2.0 million line of credit to Wazoku. “As we continue to invest in building our market-leading products and global team to drive innovation at scale outcomes for global brands, we are delighted to be working with the leading provider of growth debt,” said Simon Hill, CEO and Founder of Wazoku. “We have been fans of SaaS Capital from afar for years, it’s great to now be working alongside the team at this exciting time of growth for Wazoku.” The Wazoku platform is the Innovation Operating system for large, multi-national organizations, providing the structure to capture, evaluate, develop, and select ideas, enabling organizations to achieve their innovation and engagement goals by engaging their workforce, partners, and customers. The company helps global organizations including AstraZeneca, HSBC, NASA, and Waitrose to connect and interact with employees, clients, and the rest of the world to generate fresh ideas as part of a larger innovation strategy. SaaS Capital’s growth debt is structured to provide a significant source of committed funding, deployment flexibility, and lower overall cost of capital, all while avoiding the loss of control associated with selling equity.
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