Fundz

Wegift Closes £26 Million Series B Funding As Demand For The Digital Payouts Platform Surges

PRIVATENov 15, 2022

Amount Raised

£26 Million

Round Type

Series B

Financial ServicesE CommerceFintech

Investors

Vitruvian PartnersAlbion VCCommerz VenturesVolution CapitalClocktower VenturesElement Ventures

Description

WeGift, the industry leader in digital payouts, today announced the closing of a £26 million Series B, furthering its mission to allow anyone to transfer any digital currency more freely across the globe.

Quick answer

WeGift raised £26 Million in a Series B round, dated November 15, 2022. Investors: Vitruvian Partners, Albion VC, Commerz Ventures, Volution Capital, Clocktower Ventures and Element Ventures.

How much did WeGift raise?
WeGift raised £26 Million in a Series B round on November 15, 2022.
Who invested in WeGift?
Vitruvian Partners, Albion VC, Commerz Ventures, Volution Capital, Clocktower Ventures and Element Ventures are named as investors in this round.
What does WeGift do?
Sending disbursements, incentives, and non-cash payouts is manual, expensive, time-consuming, and error prone.

Source: Fundz verified event record.

Who else raised in Financial Services and E Commerce around the same time

Companies in the same sectors as WeGift that raised within 45 days of this round, from Fundz verified event records.

  • Shift4 Payments raised $4M (Seed) on December 19, 2022.
  • Shift4 Payments raised $7.9M on October 31, 2022.
  • REGO Payment Architectures raised $10M (Series B) on October 13, 2022.
  • FlapKap raised $3.6M (Seed) on October 12, 2022.
  • Akulaku raised $200M on December 26, 2022.
  • Recognise Bank raised $30M (Funding Round) on December 23, 2022.

Who to call at WeGift, and when

A new round usually means WeGift is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day WeGift raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at WeGift, from your own LinkedIn network

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Company Information

Company

WeGift

Location

W 36Th St

About

Sending disbursements, incentives, and non-cash payouts is manual, expensive, time-consuming, and error prone. WeGift changes this by removing friction from the payouts process, so businesses can instantly transfer value to build commercial relationships with the people they care about. Operating in more than 30 countries, and dozens of languages and currencies, WeGift’s digital payouts platform and open API solution is directly integrated into every brand on its platform, offering corporate buyers the only true global network with direct access to more than 700 brands. Habito, Perkbox, Seated, Sodexo, Vodafone, and Vouchercodes all rely on WeGift to digitally engage their audiences. We are committed to providing a hiring and working experience in which all people feel they are equally respected and valued regardless of race, religion, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

WeGift raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.