Weavr, a London, UK-based fintech provider that enables businesses with Plug-and-Play financial solutions, raised $40M in Series A funding.
The round was led by Tiger Global with participation from QED Investors, Anthemis, Mubadala, Latitude, Headline, Seedcamp, Force Over Mass Capital and UFP Fintech.
The company intends to use the funds to support international expansion plans, beginning with an official U.S. market launch.
Led by CEO Alex Mifsud, Weavr is an open platform for embedded finance for the digital economy.
The Weavr platform provides everything a business needs to integrate financial services seamlessly into its mobile apps, SaaS applications and other digital properties. The Plug-and-Play model eliminates the cost and burden of multiple vendor relationships, simplifies compliance, shortens the runway for integration and empowers businesses of all kinds to go to market swiftly and safely.
The solutions are also extensible, meaning that customers can add more financial services as their businesses grow, and add financial providers to power them in new geographies. Unlike other platforms, the Plug-and-Play technology is open to connect to financial-services providers and vendors in multiple geographies across continents.