About Weel
Weel is a company based in Sydney (Australia) founded in 2016 by Russell Martin and Daniel Kniaz. It operates as a SaaS (Software-as-a-Service) and FinTech. Weel has raised $23.25 million across 3 funding rounds from investors including Rapyd, Global Founders Capital and Raffael Johnen. Weel offers products and services including Corporate Cards, Accounts Payable, Subscription Management, Reimbursements, and Expense Management & Reporting. Weel operates in a competitive market with competitors including Sodexo, Marqeta, Kamelpay, Budgetly and 247 Billing, among others.
- Headquarter Sydney, Australia
- Founders Russell Martin, Daniel Kniaz
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Sectors
TechnologyTravel & Hospitality Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Weel Holdings Pty Ltd
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$23.25 M (USD)
in 3 rounds
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Latest Funding Round
$20 M (USD), Series A
Dec 12, 2021
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Investors
Rapyd
& 6 more
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Employee Count
Not available
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Products & Services of Weel
Weel offers a comprehensive portfolio of products and services, including Corporate Cards, Accounts Payable, Subscription Management, Reimbursements, and Expense Management & Reporting.
Virtual corporate cards are issued instantly with controls.
Invoice payments are streamlined with automation and approvals.
Subscription payments are managed with visibility and control.
Employee reimbursements are processed quickly and effortlessly.
Expense reporting is enhanced with compliance and tools.
Funding Insights of Weel
Weel has successfully raised a total of $23.25M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $20 million completed in December 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.
Investors in Weel
Weel has secured backing from 7 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Rapyd, Global Founders Capital and Raffael Johnen.
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Venture capital firm focused on early-stage startups
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A venture capital firm focused on financial technology innovators is operated.
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Venture capital is directed to small businesses by corporate-backed fund.
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Investor details for Weel
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by Weel
Investment portfolio details for Weel
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Financial Statements - Weel
Detailed financials for Weel
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Weel Comparisons
Peer comparison for Weel
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
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Competitors of Weel
Weel 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 Sodexo, Marqeta, Kamelpay, Budgetly and 247 Billing, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Employee benefits payment cards are provided via an online platform.
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Card-issuing and payment processing solutions are offered to businesses.
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Financial benefits for businesses are managed via a mobile app.
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Automates expense tracking, budgeting, and spend management for businesses.
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Offers app-based credit card processing solutions for individuals and businesses.
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Detailed competitors of Weel
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Latest news on Weel
Complete news archive for Weel
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Frequently Asked Questions about Weel
Weel was founded in 2016 and raised its 1st funding round 3 years after it was founded.
Weel is headquartered in Sydney, Australia. It is registered at Sydney, New South Wales, Australia.
Daniel Kniaz is the current CEO of Weel. They have also founded this company.
Weel is a funded company, having raised a total of $23.25M across 3 funding rounds to date.
Weel is established as a comprehensive platform for corporate card issuance and spend management, primarily serving businesses in Australia and New Zealand. Solutions are provided for expense management, accounts payable automation, subscription management, and employee reimbursements. Various industries including not-for-profit, education, startups, and construction are catered to with tailored financial tools. Integration with accounting and ERP systems like Xero and NetSuite is supported to streamline financial operations. Real-time control and AI-powered automation are utilized to enhance efficiency and compliance across small, medium, and large enterprises.
Weel offers Corporate Cards, Accounts Payable, Subscription Management, Reimbursements, and Expense Management & Reporting.
Weel has 7 investors. Key investors include Rapyd, Global Founders Capital, Raffael Johnen, Guy Pearson, and Seed Space Venture Capital.