NUMARQE partners with Weavr to streamline corporate lending
By Gloria Methri
NUMARQE, the London-based corporate credit provider has partnered with Plug-and-Play Finance provider Weavr, to streamline the power of AI and embedded finance for a digitised corporate-card experience.
NUMARQE’s multi-currency credit platform uses AI to enable real-time underwriting of credit risks, make intelligent lending decisions, and efficiently allocate credit to its customers. This allows NUMARQE to offer corporate businesses fast access to credit with higher credit limits and more flexibility in how they spend against their credit line.
By combining the power of AI to enhance risk decision-making with Weavr’s Plug-and-Play Finance solution, NUMARQE now offers real-time card management and spending controls alongside tailored credit facilities in multiple currencies. The suite of services also includes online payments with virtual cards, and business intelligence with spending insights and analytics.
With a Weavr-powered card, NUMARQE also simplifies expense management, allowing Finance teams to create an automated feed or export transaction-data files in journal format to post into accounting software. The platform can reconcile digital receipts directly from the merchant with each transaction. As a result, enterprises can manage and track their team spending with instant visibility.
Weavr was the obvious partner for NUMARQE because of the company’s intuitive and easy-to-implement solution. Weavr’s platform can be integrated in weeks and at a fraction of the cost of traditional Banking-as-a-Service providers.
CEO of NUMARQE James Bowler said, “Our multi-currency credit platform is designed to bring a major transformation to traditional credit offerings, providing corporates with a committed, unsecured credit line at their disposal, which can be seamlessly allocated across all their corporate spend. This makes it incredibly easy and efficient for CFOs and Finance managers to manage their working capital, whilst retaining complete transparency and control of company spending. From day one, we valued Weavr’s tech-first approach to problem-solving and the benefits it could bring to our platform. The company stands out as a true innovator that understands our customers and is wholly committed to helping other innovators grow.”
Alex Mifsud, Co-founder of Weavr said “NUMARQE enables much-needed access to credit for mid-sized corporates, which have traditionally been underserved with the kinds of financial products that many enterprises take for granted. Offering access to corporate cards with credit lines attached, in combination with other valuable financial management tools, is a great example of the value and innovation that embedded finance can unlock.”
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