About Weavr
Weavr is a company based in London (United Kingdom) founded in 2018 by Alex Mifsud and Adrian Mizzi. It operates as a SaaS (Software-as-a-Service), and B2B2C. Weavr has raised $50.36 million across 4 funding rounds from investors including Seedcamp, Mubadala and Anthemis Group. The company has 75 employees as of December 31, 2022. Weavr has completed 1 acquisition, including UseComma. Weavr offers products and services including Employee Benefits, Expenses Management, Accounts Payable, and SaaS Subscriptions. Weavr operates in a competitive market with competitors including Zeta, Tink, TrueLayer, Banked and Finastra, among others.
- Headquarter London, United Kingdom
- Employees 75 as on 31 Dec, 2022
- Founders Alex Mifsud, Adrian Mizzi
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Paystratus Group Limited
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Annual Revenue
$423.68 K (USD)711as on Dec 31, 2021
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Net Profit
$-4.45 M (USD)-340as on Dec 31, 2021
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EBITDA
$-4.66 M (USD)-363as on Dec 31, 2021
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Total Equity Funding
$50.36 M (USD)
in 4 rounds
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Latest Funding Round
$40.16 M (USD), Series A
Feb 22, 2022
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Investors
Seedcamp
& 11 more
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Employee Count
75
as on Dec 31, 2022
- Investments & Acquisitions
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Products & Services of Weavr
Weavr offers a comprehensive portfolio of products and services, including Employee Benefits, Expenses Management, Accounts Payable, and SaaS Subscriptions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Flexible benefits are provided for employee selection and management.
Expense cards are offered to reduce administrative burdens.
Bulk payments are enabled for efficient accounts payable.
Cards are issued for managing SaaS and cloud spend.
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Funding Insights of Weavr
Weavr has successfully raised a total of $50.36M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $40.16 million completed in February 2022. 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 Total Funding
- Total Rounds 4
- Last Round Series A — $40.2M
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First Round
First Round
(20 Feb 2020)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Series A - Weavr | Valuation | Tiger Global Management | |
| Jul, 2021 | Amount | Seed - Weavr | Valuation | Headline | |
| Nov, 2020 | Amount | Seed - Weavr | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Weavr
Weavr has secured backing from 12 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Seedcamp, Mubadala and Anthemis Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location | |
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Venture capital firm focused on seed-stage investments
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Founded Year | Domain | Location | |
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Venture capital fund investing in early-stage start-ups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Weavr
Weavr has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include UseComma. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Payment management software for small businesses
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2019 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Weavr
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Weavr Comparisons
Competitors of Weavr
Weavr operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Zeta, Tink, TrueLayer, Banked and Finastra, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Payment and banking solutions are provided to users and banks.
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| domain | founded_year | HQ Location |
Tink is recognized as a leading European open banking platform.
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| domain | founded_year | HQ Location |
Provider of open banking API solutions for payment institutions
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| domain | founded_year | HQ Location |
Open banking APIs for payments and data access are provided.
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| domain | founded_year | HQ Location |
Financial software solutions for lending, payments, and banking are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Weavr
Frequently Asked Questions about Weavr
When was Weavr founded?
Weavr was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is Weavr located?
Weavr is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Weavr?
Alex Mifsud is the current CEO of Weavr. They have also founded this company.
Is Weavr a funded company?
Weavr is a funded company, having raised a total of $50.36M across 4 funding rounds to date. The company's 1st funding round was a Seed of $4M, raised on Feb 20, 2020.
How many employees does Weavr have?
As of Dec 31, 2022, the latest employee count at Weavr is 75.
What is the annual revenue of Weavr?
Annual revenue of Weavr is $423.68K as on Dec 31, 2021.
What does Weavr do?
Embedded financial solutions are offered by Weavr for B2B SaaS platforms, focusing on seamless integration into existing user experiences. Services are provided across sectors like HR, business travel, accounting, and procurement. Solutions such as employee benefits, expenses management, accounts payable, and SaaS subscription management are designed to enhance financial control and efficiency. The platform is built to maintain brand consistency with full control over UX, ensuring no interruptions for users. Weavr operates in the UK and EU through regulated entities, supporting digital businesses with pre-approved payment models.
What products or services does Weavr offer?
Weavr offers Employee Benefits, Expenses Management, Accounts Payable, and SaaS Subscriptions.
How many acquisitions has Weavr made?
Weavr has made 1 acquisition, including UseComma.
Who are Weavr's investors?
Weavr has 12 investors. Key investors include Seedcamp, Mubadala, Anthemis Group, Tiger Global, and LocalGlobe.
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