back Back

Embedded finance startup Weavr raises further £7 mn in seed funding

By Joy Dumasia

July 12, 2021

Share

Weavr, a London-based startup that allows businesses to embed banking and payments into their mobile app or SaaS platforms, has closed a £7 million seed funding round led by Headline, with participation from a European seed-stage fund Seedcamp, Anthemis and FinTech-focused QED Investors.

The latest round is in addition to the £3 million seed funding secured by the London-based technology company last year. It will be used to drive its international expansion and product development.

Weavr allows businesses to embed banking and payments into their mobile app or SaaS platforms and has clients spanning industries such as health and wellness, education, real estate, and future of work, and includes service providers like Finway, Thanks Ben, MySkillCamp.

Alex Mifsud, co-founder and CEO of Weavr, says: “As the world begins to look beyond the Covid-19 crisis and the possibilities stemming from lasting changes in consumer and business behaviour, embedded banking offers extraordinary potential for the future of work, the move away from cash, and the integration of financial services into all manners of digital businesses.”

Michael Kent, venture partner at Headline, said: “With compliance at the heart of the platform, Weavr is drastically reducing the risk and financial commitment required to launch and scale embedded banking solutions. We see tremendous opportunity for the company to redefine digital banking for the service sector.”

Previous Article

July 12, 2021

Socure introduces BNPL-specific identity verification and fraud detection solution

Read More
Next Article

July 12, 2021

Microsoft and BNPL provider Zip Co announce new partnership

Read More

IBSi Prime News

The Weekly Wrap

November 26, 2021

The Weekly Wrap: all you need to know by Friday COB | Nov 26th

Read More
  • Daily insightful news analysis
  • Weekly snapshot of the industry deals, events & insights
  • Sectoral deep dives on the hottest FinTech trends
  • Exclusive interviews featuring c-level executives shaping the industry
  • Profiles of the most influential established and emerging companies in the sector
  • Weekly global FinTech use cases
  • Chart of the Week curated by the IBSi’s Research Team
Subscribe to Prime

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Thought Machine raises $200m in series C funding round to bring banks to the cloud

Read More

Today

OneConnect launches new Gamma Core Banking System

Read More

November 26, 2021

AnaCap invests in fintus, a provider of low-code software for the financial services sector

Read More

Related Reports

Sales League Table Report 2021

£1,500 / year

Know More
US Financial Services Technology Report 2021

£1,500 / year

Know More
The Future of Digital Banking Report 2021

£1,500 / year

Know More
Wealth Management & Private Banking Systems Report 2021

£1,500 / year

Know More
Treasury and Capital Markets Systems Report 2021

£1,500 / year

Know More