About WEEL
WEEL is a company based in Sao Paulo (Brazil) founded in 2014 by Shmuel Kalmus, Simcha Neumark, and Henry Hazan was acquired by Banco BS2 in June 2021. WEEL has raised $63.1 million across 5 funding rounds from investors including Franklin Templeton, FJ Labs and Banco Votorantim. WEEL operates in a competitive market with competitors including Shengye Capital, Adianta, PayHop, Monkey Exchange and crossinx, among others.
- Headquarter Sao Paulo, Brazil
- Founders Shmuel Kalmus, Simcha Neumark, Henry Hazan
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Sectors
Financial Services
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
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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
$63.1 M (USD)
in 5 rounds
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Latest Funding Round
$18.6 M (USD), Series B
Feb 17, 2020
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Investors
Franklin Templeton
& 5 more
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Employee Count
Not available
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Acquired by
Banco BS2
(Jun 07, 2021)
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Funding Insights of WEEL
WEEL has successfully raised a total of $63.1M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $18.6 million completed in February 2020. 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 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Franklin Templeton, FJ Labs and Banco Votorantim.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage technology investments are facilitated by Mindset Ventures.
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Sectors like ad tech, food tech, logistics, services are targeted.
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Venture capital firm focused on marketplaces, gaming, web3, fintech, and multiple sectors
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Investor details for WEEL
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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
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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 Shengye Capital, Adianta, PayHop, Monkey Exchange and crossinx, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Supply chain financing is facilitated through an online marketplace platform.
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Online invoice factoring is provided for SMEs' receivable advancement.
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Buy now pay later financing is provided to retail merchants.
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Invoice receivables are listed and traded on an online marketplace.
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E-invoicing and supply chain financing solutions are delivered to 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 2014 and raised its 1st funding round 3 years after it was founded.
WEEL is headquartered in Sao Paulo, Brazil.
Simcha Neumark is the current CEO of WEEL. They have also founded this company.
WEEL is a funded company, having raised a total of $63.1M across 5 funding rounds to date.
Founded in 2014 in Sao Paulo, Brazil, WEEL operates in the fintech sector focused on working capital finance. Receivables from invoices with 5-90 day maturities are advanced to small and medium-sized businesses. Integration with various ERP solutions is provided to facilitate tracking of accounts receivable. Operations target companies seeking liquidity from product sales paid by invoice.
WEEL's top competitors include Adianta, Shengye Capital and PayHop.
WEEL has 6 investors. Key investors include Franklin Templeton, FJ Labs, Banco Votorantim, Mindset Ventures, and Monashees.