3 years ago

Weavr Raises $40 Million to Expand Embedded Banking Services

  • Weavr, a London-based fintech startup, has secured $40 million in Series A funding led by Tiger Global

  • The funding will be used to launch Weavr's embedded banking service in the US and continue its expansion in Europe

  • Weavr provides "plug-and-play" tools for businesses to integrate financial services into their existing software applications, aiming to shorten the time to launch embedded financial solutions from months or years down to weeks or days

  • The round also saw participation from Mubadala Capital, LocalGlobe, QED Investors, Anthemis, and Seedcamp, bringing Weavr's total funding to $55 million.

      • ProblemFinancial Services

      "Building financial integrations from scratch is costly, complex, and time-consuming for businesses."

      Solution

      "Weavr provides "plug-and-play" embedded banking tools that allow businesses to integrate financial services into their existing software quickly and securely, reducing development time and cost."

      Covered on