Investors include Monese, Anthemis, QED Investors – which also backs Zopa and SoFi – and Revolut-backer Seedcamp.
[CEO:] “The need for simple and accessible embedded banking products could not be more urgent… Embedded banking offers extraordinary potential for the future of work, the move away from cash, and the integration of financial services into all manner of digital businesses.”
Weavr intends to help services industries – such as education, fitness, employment and logistics – break into banking.
Its embedded banking solutions intend to bring down the barriers of an otherwise highly regulated financial industry.
Weavr’s ‘Meta’ platform enables firms to bring together multiple banking and payments partners into a single platform. It essentially acts as the core technology for a virtual banking platform.