Weavr closes $4m in its seed funding round

Embedded banking software developer Weavr has closed its seed round on $4m, as it launches its first suite of tools aimed at the services sector.

The investment was supported by Anthemis, QED Investors and Seedcamp.

This funding comes alongside the launch of Weavr’s first embedded banking tools, which are designed specifically for the services sector.

Businesses in services segments can use the tools to enable their customers to access their banking services.

Weavr Co-founder and CEO Alex Mifsud said, “The need for simple and accessible embedded banking products could not be more urgent.  As the world starts to look beyond the Covid19 crisis and the possibilities stemming from lasting changes in consumer and business behaviour, embedded banking offers extraordinary potential for the future of work, the move away from cash, and the integration of financial services into all manner of digital businesses.”

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