Weavr Closes $40M Series A Funding To Accelerate Expansion Of Plug-And-Play Finance

Feb 22, 2022•over 3 years ago

Amount Raised

$40 Million

Round Type

series a

London

Description

Weavr, a London-headquartered technology provider that enables businesses with Plug-and-Play financial solutions, today announced the close of a $40 million Series A funding round led by Tiger Global. The company is disrupting the current banking-as-a-service (BaaS) model -- which can serve only a limited audience because of its heavy costs, compliance and technical burdens as well as long implementation times--by making embedded financial services available to any business with a digital presence. The financing will support Weavr’s international expansion plans, beginning with an official U.S. market launch.

Company Information

Company

Weavr

Location

London, Ontario, Canada

About

Weavr is the leading open platform for embedded finance for the digital economy. Founded in 2019, Weavr’s mission is to enable any business to integrate any financial service anywhere its customers need it. The company is backed by Tiger Global, QED Investors, Anthemis, Mubadala, Latitude, Headline, Seedcamp, Force Over Mass Capital and UFP Fintech. Weavr has been recognized with various fintech industry awards and rankings, including BusinessCloud ‘50 Most Innovative UK Financial Technology Firms’ in October 2021. Weavr is headquartered in London. For more information, please visit www.weavr.io.

Funding Insights

Based on industry data

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