WeGift secures £2.9m in a Series A follow-on round led by AlbionVC to fuel US expansion and product growth.
AlbionVC led the follow-on investment alongside new participant CommerzVentures to support product development and international growth.
WeGift operates a cloud-based digital payouts platform and open API solution for businesses. The company serves clients across multiple countries with automated disbursement tools.
London-based WeGift has added £2.9m to its Series A follow-on financing. The round was led by AlbionVC, with participation from new backer CommerzVentures alongside existing investors Stride.VC, SAP.iO Fund, and Unilever Ventures. The proceeds will be directed toward go-to-market hiring, product development, and geographic expansion into the United States.
The capital injection supports the platform as more businesses seek digital-first payout solutions. WeGift integrates directly with brands to facilitate instant corporate disbursements across global markets.
From the founder
"Currently payments are a one-way street"
Aron Alexander
Founder and CEO at WeGift
Investor perspective
"The $700 billion rewards and incentives industry is ripe for disruption"
Heiko Schwender
Partner, CommerzVentures
Use of funds
- 01Grow the team
- 02Continue product development
- 03Expand into international markets
