The UK-based fintech, which was founded in 2019, enables businesses to generate accounts, issue cards, and transfer funds through an API. Tiger backed the startup in a deal that valued the business at USD 210 million. The other new investors on the deal are Mubadala and Latitude.
Weavr had previously raised USD 14.4 million with Headline and Seedcamp among its existing investors. Anthemis, QED Investors, and Force Over Capital have also backed the startup, which was set up by Adrian Mizzi and Alex Mifsud.
With intuitive APIs and built-in compliance models, Weavr’s customers can design, build, and run their own in-app financial services. Weavr is focused on enabling non-financial applications to deliver financial products alongside their core offering. Current clients span a variety of industries such as health and wellness, education, real estate, and future of work.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.