Wazoku, an enterprise innovation platform that assists organizations with solving complex problems through idea management, open innovation, and a range of innovation consulting services, secured a $2.0 million line of credit from SaaS Capital, the leading provider of growth debt to software-as-a-service (SaaS) companies. In 2020, Wazoku acquired InnoCentive, a platform that helps companies resolve issues through crowdsourcing, to help in its mission of “changing the world, one idea at a time.” Wazoku helps global corporations such as AstraZeneca, HSBC Bank, NASA, and Waitrose connect with their employees and clients to facilitate innovative ideas.
Wazoku Secures $2M in Growth Financing From SaaS Capital