About WEEL
WEEL is a Financial Services company based in Sao Paulo (Brazil) founded in 2014 by Shmuel Kalmus, Simcha Neumark, and Henry Hazan, and was acquired by Banco BS2 in June 2021. Working capital is advanced to small businesses via invoice factoring. WEEL has raised $63.1 million across 5 funding rounds from investors including Franklin Templeton, FJ Labs and Banco Votorantim. Its chief executive, as recorded, is Simcha Neumark. Its focus areas include FinTech, Alternative Lending, Online Lenders and Business Loans. Its competitors include Adianta, PayHop and Monkey Exchange; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Sao Paulo, Brazil
- Founders Shmuel Kalmus, Simcha Neumark, Henry Hazan
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Website weel.com.br
- Social LinkedIn X Facebook
- Acquired by Banco BS2 (Jun 2021)
- Total Equity Funding$63.1M (USD)
in 5 rounds
- Latest Funding Round$18.6M (USD), Series B
Feb 2020
- InvestorsFranklin Templeton
& 5 more
- Acquired byBanco BS2
(Jun 2021)
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 $63.1M
- Total Rounds 5
- Last Round Series B — $18.6M
- First Round $8.5M
(Jun 2017)
- Investors Count 5
All 5 funding rounds of WEEL 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 |
|---|---|---|---|---|---|
| Feb 2020 | $18.6M | Series B | – | – | |
| Apr 2019 | $30M | Series B | – | Franklin Templeton Investments | – |
| Jan 2019 | $6M | Series A | – | Banco Votorantim | |
| Jun 2018 | Series A | – | FJ Labs | – | |
| Jun 2017 | $8.5M | Series A | – | Mindset Ventures |
6 investors in total: 6 institutional.
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 |
|---|---|---|---|---|
Early-stage technology investments are facilitated by Mindset Ventures. | mindset.ventures | Mountain View, United States | ||
Sectors like ad tech, food tech, logistics, services are targeted. | monashees.com | Sao Paulo, Brazil | ||
Venture capital firm focused on marketplaces, gaming, web3, fintech, and multiple sectors | 2007 | fjlabs.com | New York, United States | |
Diversified investment management services are offered globally by the firm. | 1947 | franklintempleton.com | New York, United States | |
Wealth management and investment banking services are offered to clients. | 1988 | bancovotorantim.com.br | Sao Paulo, Brazil | |
Digital bank providing credit, payments, and infratech solutions for companies. | 1992 | bancobs2.com.br | Belo Horizonte, Brazil |
Investor details for WEEL
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of WEEL
3 people are tracked at WEEL (3 in leadership).
| Name | Role | Group |
|---|---|---|
Shmuel Kalmus | Co-Founder & CTO | Leadership |
Simcha Neumark | Co-Founder & CEO | Leadership |
Henry Hazan | Co-Founder & VP | Leadership |
Complete people profiles for WEEL
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of WEEL
4 dated milestones of WEEL across 7 years, from founding to its latest funding, stage changes and deals.
- Founded WEEL is founded.
- Funding First funding round of $8.5M.
- Funding Latest funding round, Series B, of $18.6M.
- Exit Acquired by Banco BS2.
Competitors of WEEL
WEEL has 3 listed competitors in our database, 3 of them funded. They include Adianta, PayHop and Monkey Exchange.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| adianta.com.br | 2016 | Sao Paulo, Brazil | $2.2M | Online invoice factoring is provided for SMEs' receivable advancement. | ||
| payhop.com.br | 2020 | Sao Paulo, Brazil | $2.2M | Buy now pay later financing is provided to retail merchants. | ||
| monkey.exchange | 2016 | Sao Paulo, Brazil | $18.36M | Invoice receivables are listed and traded on an online marketplace. |
Detailed competitors of 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 CEO of WEEL, as recorded in our data. They have also founded this 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 $8.5M, raised on Jun 2017.
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, PayHop and Monkey Exchange.
WEEL has 6 investors. Key investors include Franklin Templeton, FJ Labs, Banco Votorantim, Mindset Ventures, and Monashees.
Yes. WEEL was acquired by Banco BS2 in June 2021.