Achieving growth for Weavr through the acquisition of B2B open banking platform Comma Payments
Weavr is a financial technology company, specialising in embedded finance solutions for B2B software and digital businesses.
Weavr empowers businesses to seamlessly integrate financial services like payment cards, accounts, and payments directly into their existing software products.
They provide a platform and “financial plug-ins” – ready-to-run solutions bundling card issuing and e-money wallets tailored for B2B use cases such as expense management and accounts payable.
Weaver handles the complexities of financial regulations and compliance
Weaver handles the complexities of financial regulations and compliance, enabling its clients, particularly B2B SaaS companies, to enhance their offerings and create more value for their users with customizable and brandable financial experiences. This includes the issuance of virtual and physical Mastercard cards and the provision of account and payment capabilities.
What we did
Our team enabled embedded finance solution specialists to achieve its strategic growth objectives, advising the leadership team through the acquisition of B2B open banking platform Comma Payments.
With Comma, Weavr has become the first embedded-finance provider to bring together Banking as a Service (BaaS) and Open Banking into an optimised embeddable payment solution for B2B applications ranging from payroll, accounts payable, and other forms of mass payments.
The announcement of the Comma acquisition further bolsters Weavr’s continued momentum over the past year. The company recently announced that, since receiving a $40m Series A funding round in early 2022, it has more than tripled its user base and experienced a huge surge in transactions through its platform, with growth of over 340% in just 12 months. Now, the company is set to further grow these figures with a unique and enhanced offering.