back Back

NUMARQE partners with Weavr to streamline corporate lending

By Gloria Methri

May 19, 2023

  • AI
  • Automated Underwriting
  • Corporate Credit Card
Share

Weavr, Embedded Finance, Open Banking, UK, SaaS, Payments, FinTech, NUMARQENUMARQE, 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.”

Previous Article

May 19, 2023

Westpac enables Tap to Pay on iPhone for seamless contactless payments

Read More
Next Article

May 19, 2023

Keyless and Synpulse partner to bring anti-phishing MFA to the UK

Read More






IBSi Daily News Analysis

Data privacy

June 19, 2024

AI

EMEA faces $85bn annual financial crime compliance costs, study shows

Read More

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

First Abu Dhabi Bank bolsters CLM operations with Fenergo

Read More

Today

Xcelerate acquires an equity stake in Gieom, a financial service compliance provider

Read More

June 19, 2024

5 Spend Management Platforms to optimize your business finances

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023