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Funding
Gr4vy receives investment from W23
FinTech Infrastructure
Jul 10, 2023
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FinTech Infrastructure

FinTech Infrastructure

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Jul 10, 2023

Gr4vy receives investment from W23

Funding

  • Gr4vy, a cloud-native payment orchestration platform (POP), has reportedly received a multi-million dollar investment from Woolworths Group's venture capital arm, W23.

  • The funds will primarily be used to expand Gr4vy’s operations in Australia and the APAC region. The company also aims to benefit from gaining insights into payment-related challenges faced by large retailers.

  • The funding builds on the relationship between the two companies formed last October. Woolworths Group announced a multi-year partnership with Gr4vy to power product development and innovation relating to the former’s “Wpay” payment platform.

  • Analyst QuickTake: Gr4vy was featured in our EDGE100 report, ranking among the 100 most promising early-stage startups across various emerging industries that have the potential to reshape the future. The company last raised funding in January 2022 , where it raised USD 15 million in Series A funding (at a USD 115 million valuation), bringing its total raised funds to USD 27.2 million.

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