Weavr raises $40m in Series A funding led by Tiger Global to expand internationally.
Tiger Global has led a $40m Series A funding round in Weavr to support its expansion into the United States and other international markets.
Weavr provides plug-and-play financial technology solutions that enable businesses to integrate banking and payment services into their digital platforms. The company is headquartered in London and operates in the banking-as-a-service sector.
London-based financial technology provider Weavr has secured $40m in a Series A funding round led by Tiger Global. The capital will be deployed to support the company's international expansion, which starts with a launch in the United States alongside continued growth in the United Kingdom and Europe.
Participation in the round came from Mubadala Capital, Latitude, and returning investors including QED Investors, Anthemis, and Seedcamp. This transaction represents the firm's third funding round within an 18-month period, bringing its total raised to $55m since late 2020.
From the founder
"We believe an increasingly digital world works better when financial services are provided seamlessly within digital applications. Plug-and-Play Finance is the fastest, easiest and most efficient way for businesses to accomplish this,"
Alex Mifsud
co-founder and CEO at Weavr
Investor perspective
"Weavr has a clear vision for delivering frictionless embedded financial solutions that allow clients to focus on their core business,"
Alex Cook
Partner, Tiger Global
Use of funds
- 01Expand into international markets
