Weavr enters Portugal in Europe expansion

Thursday 16 June 2022 13:31 CET | News

UK-based fintech Weavr has launched its ‘Plug-and-Play’ solutions in Portugal and signed deals with two local companies.

Company officials stated that by offering a ‘plug-and-play' model of embedded finance they can enable digital businesses in Portugal to look beyond the limitations of traditional BaaS and instead use ready-made embedded-finance options. It also means that more businesses can unlock growth more quickly without worrying about complex integrations or regulations, navigating compliance or managing data security, as it’s all part of the Weavr service.

Last year, there were 2,159 startups in Portugal, and this growth is set to increase. According to the press release, with Weavr’s platform, Portuguese startups will be able to get to market in just a few weeks, eliminating lengthy delays in setting up and reducing unnecessary costs, which are typically experienced with BaaS and other embedded finance providers.

With imminent plans to expand into the US and Singapore, Weavr’s sights are set firmly on rapid global expansion, enabling more start-ups to get to market offer financial services to their customers. Besides the expansion to Portugal, Weavr has also signed deals with two Portuguese companies, E-virtual and GrowIN Portugal.

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Keywords: BaaS, expansion, compliance, regulation, startup, embedded finance
Categories: Payments & Commerce
Companies: Weavr
Countries: Portugal
This article is part of category

Payments & Commerce


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