About Weav
Weav is a Financial Services company based in New York (United States) founded in 2020 by Ambika Acharya and Avikam Agur, and was acquired by Brex in August 2021. Open banking API for commerce platforms is enabled. Weav has raised $4.45 million across 2 funding rounds from investors including Brex, Foundation Capital and Y Combinator. Its focus areas include FinTech, Banking Tech, Open Banking and Banking APIs. Its competitors include Zeta, Apiture and Finix; 3 of its 3 listed competitors have raised funding.
Company details
Weav was founded in 2020 in New York, United States, within the fintech sector. Connections between financial institutions and commerce platforms are facilitated through its open banking API. Financial products are built using real-time sales data. Solutions for business payouts, payments, lending, credit underwriting, and financial planning are provided. Operations focus on integrating banking services with e-commerce infrastructure.
Funding Insights of Weav
Weav has successfully raised a total of $4.45M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $4.3 million completed in April 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $4.45M
- Total Rounds 2
- Last Round Seed — $4.3M
- First Round $150,000
(Mar 2020)
- Investors Count 18
All 2 funding rounds of Weav with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2021 | $4.3M | Seed | – | Foundation Capital | |
| Mar 2020 | $150,000 | Seed | – | Y Combinator | – |
19 investors in total: 10 institutional and 9 angel.
Investors in Weav
Weav has secured backing from 19 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Brex, Foundation Capital and Y Combinator.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on early-stage fintech, enterprise, web 3, consumer, and multiple sectors | 1995 | foundationcapital.com | Palo Alto, United States | |
Early-stage startups are accelerated via funding and educational programs. | ycombinator.com | Mountain View, United States | ||
Investing in early-stage tech companies and ideas. | boxgroup.com | |||
Early-stage startups are invested in by sector-agnostic VC firm. | abstractvc.com | San Francisco, United States | ||
Venture capital firm focused on seed-stage investments | localglobe.vc | London, United Kingdom | ||
Investment in retail and financial services technologies. | commerce.vc | |||
Early-stage investments are provided to transformative technology companies. | svangel.com | San Francisco, United States | ||
Venture capital firm investing in tech sectors | operatorpartners.com | New York, United States | ||
Single family office and venture capital fund focused on multiple sectors | chang.com | New York, United States | ||
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | brex.com | Draper, United States |
Investor details for Weav
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Weav
3 people are tracked at Weav (3 in leadership).
| Name | Role | Group |
|---|---|---|
Ambika Acharya | Co-Founder | Leadership |
Avikam Agur | Co-Founder | Leadership |
Will Fang | VP Business Development | Leadership |
Complete people profiles for Weav
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Weav
4 dated milestones of Weav across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Weav is founded.
- Funding First funding round of $150K.
- Funding Latest funding round, Seed, of $4.3M.
- Exit Acquired by Brex.
Competitors of Weav
Weav has 3 listed competitors in our database, 3 of them funded. They include Zeta, Apiture and Finix.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| zeta.tech | 2015 | San Ramon, United States | $390M | 1,278 | Payment and banking solutions are provided to users and banks. | |
| apiture.com | 2017 | Wilmington, United States | $59.71M | 258 | Open banking APIs are delivered to financial institutions and banks. | |
| finix.com | 2015 | San Francisco, United States | $200.5M | 118 | API-enabled platform for business payment processing is provided. |
Detailed competitors of Weav
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Banking & FinTech Platforms
3 companies that operate in the same segment as Weav (Banking & FinTech Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online business banking and financial workflow tools are provided. | 2010 | San Francisco, California, United States | USD 546 M | USD 2.71 M | 1,807 | |
Digital banking services are offered to individuals via mobile apps. | 2012 | San Francisco, California, United States | USD 3.15 B | USD 1.96 B | 2,516 | |
Digital sustainable banking services are offered to consumers. | 2013 | Los Angeles, California, United States | USD 865 M | 237 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Weav
Complete news archive for Weav
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Weav
Weav was founded in 2020.
Weav is headquartered in New York, United States. It is registered at New York, New York, United States.
Weav is a funded company, having raised a total of $4.45M across 2 funding rounds to date. The company's 1st funding round was a Seed of $150K, raised on Mar 2020.
Weav was founded in 2020 in New York, United States, within the fintech sector. Connections between financial institutions and commerce platforms are facilitated through its open banking API. Financial products are built using real-time sales data. Solutions for business payouts, payments, lending, credit underwriting, and financial planning are provided. Operations focus on integrating banking services with e-commerce infrastructure.
Weav has 19 investors. Key investors include Brex, Foundation Capital, Y Combinator, BoxGroup, and Abstract Ventures.
Yes. Weav was acquired by Brex in August 2021.