Weavr, a London-headquartered technology provider that enables businesses with Plug-and-Play financial solutions, has closed a USD40 million Series A funding round led by Tiger Global.
The company is disrupting the current banking-as-a-service (BaaS) model – which can serve only a limited audience because of its heavy costs, compliance and technical burdens as well as long implementation times – by making embedded financial services available to any business with a digital presence. The financing will support Weavr’s international expansion plans, beginning with an official US market launch.
