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
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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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
Employee Count
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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.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series B — $18.6M
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First Round
First Round
(01 Jun 2017)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2020 | Amount | Series B - WEEL | Valuation |
investors |
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| Apr, 2019 | Amount | Series B - WEEL | Valuation | Franklin Templeton Investments |
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| Jan, 2019 | Amount | Series A - WEEL | Valuation | Banco Votorantim |
| 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 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. 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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Early-stage technology investments are facilitated by Mindset Ventures.
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Founded Year | Domain | Location | |
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Sectors like ad tech, food tech, logistics, services are targeted.
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Founded Year | Domain | Location | |
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Venture capital firm focused on marketplaces, gaming, web3, fintech, and multiple sectors
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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 WEEL
| 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 |
Financial Statements - WEEL
| 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 |
Weel Comparisons
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. 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 |
Supply chain financing is facilitated through an online marketplace platform.
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| domain | founded_year | HQ Location |
Online invoice factoring is provided for SMEs' receivable advancement.
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| domain | founded_year | HQ Location |
Buy now pay later financing is provided to retail merchants.
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| domain | founded_year | HQ Location |
Invoice receivables are listed and traded on an online marketplace.
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| domain | founded_year | HQ Location |
E-invoicing and supply chain financing solutions are delivered to businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Weel
Frequently Asked Questions about WEEL
When was WEEL founded?
WEEL was founded in 2014 and raised its 1st funding round 3 years after it was founded.
Where is WEEL located?
WEEL is headquartered in Sao Paulo, Brazil.
Who is the current CEO of WEEL?
Simcha Neumark is the current CEO of WEEL. They have also founded this company.
Is WEEL a funded company?
WEEL is a funded company, having raised a total of $63.1M across 5 funding rounds to date. The company's 1st funding round was a Series A of $6M, raised on Jun 01, 2017.
What does WEEL do?
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.
Who are the top competitors of WEEL?
WEEL's top competitors include Adianta, Shengye Capital and PayHop.
Who are WEEL's investors?
WEEL has 6 investors. Key investors include Franklin Templeton, FJ Labs, Banco Votorantim, Mindset Ventures, and Monashees.