Weavr

About Weavr

Weavr is a financial technology company founded in 2018 by serial entrepreneurs Alex Mifsud (CEO) and Adrian Mizzi (CTO). The founders' extensive experience in the payments industry, including Mifsud's prior ventures Entropay and Ixaris, revealed the complexities non-financial businesses face when trying to integrate payment solutions. Weavr was established to simplify this process, offering what it terms "Plug-and-Play Finance."

The company's core business is providing a platform that allows digital businesses, particularly B2B SaaS companies, to embed financial services directly into their applications. This is achieved through API-based solutions that include payment cards, e-money wallets, IBANs, and other financial tools. Weavr's model removes significant hurdles for its clients by managing the complexities of financial regulations, compliance, and data security. This enables businesses in sectors like HR management, accounting, and employee benefits to enhance their product offerings, create new revenue streams, and improve customer retention without needing to become financial experts themselves.

Weavr's business model is a B2B platform-as-a-service (PaaS). It serves a range of clients from startups to established software companies, allowing them to launch and scale financial features quickly. Key milestones include raising a total of $55 million in funding, with a significant $40 million Series A round in early 2022 led by Tiger Global. The company has also expanded its capabilities through the acquisition of the B2B open banking platform Comma Payments and has secured collaborations with major financial players like Visa to broaden its service offerings. Weavr is headquartered in London and has been expanding its operations into the US and Asia.