Weavr

Overview
News
FinTech Infrastructure?
Product stageSegments
Seed
?
Banking services
?

Based in the UK, Weavr, formerly known as Open Payments Cloud, was spun out of payment provider Ixaris in 2019. Weavr offers the infrastructure for enterprises to embed banking services across various industries, including education, fitness, logistics, etc. Weavr’s “Meta” platform combines multiple banking and payments partners in one platform through application programming interfaces (APIs). Using the APIs, enterprises can embed virtual banking services such as card payments, fund transfers, and international banking accounts.

Weavr expanded its operations to Singapore in November 2022, as part of its global expansion plans.

Key customers and partnerships

As of July 2021, Weavr’s customers included Finway, Thanks Ben, and MySkillCamp, among others.

In October 2019, Weavr partnered with payment service providers Global Processing Services (GPS), Paynetics, and iDenfy to enable developers to create and run sophisticated and streamlined payment experiences for their European customers through Weavr.

Funding and financials

Weavr raised USD 40 million in Series A funding in February 2022, led by Tiger Global, less than a year after raising GBP 4 million (USD 5.5 million) in seed funding in July. The funds were earmarked for business development and recruitment to support Weavr’s expansion to the US market, while also supporting its continued expansion in the UK and Europe.

HQ location:
Kemp House 160 City Road London London GBR
Founded year:
2018
Employees:
51-100
IPO status:
Private
Total funding:
USD 54.4 mn
Last Funding:
USD 40.0 mn (Series A; Feb 2022)
Last valuation:
-
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