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After raising $40 million in a series A round led by a US investment firm tiger global, Weavr’s Singapore expansion is part of the embedded finance company’s continued global expansion.
reported that bain and co When bain capitalthe embedded financial market is also projected to more than double to $51 billion by 2026.
Alex MifsudWeavr’s CEO and co-founder has announced its launch in Singapore. web summit in Lisbon earlier this week.
In addition to our expansion in Europe, we will enable businesses in Singapore and the region to seamlessly and efficiently integrate financial services wherever their customers need them, said Mifsud.
We couldnt think of a better opportunity to deploy a significant portion of the $40 million in capital we raised earlier this year to bring the benefits of embedded finance to our digital innovators and ultimately our regional customers.
After raising a total of $55 million in funding and onboarding over 1000 clients since its inception in 2019, Weavr is on an upward trajectory to helping companies reach their full potential. increase.”
Weavr says Singapore is well positioned as a hub for digital and financial innovation in the region. And through the simplicity of embedded financial solutions, Online he describes it as a “natural first stop” in Weavr’s mission to help businesses and small businesses innovate.
We believe this move will also contribute to meaningful advances in financial inclusion, green technology and more as part of Weavr’s commitment to environmental, social and governance (ESG) investing.
of British High Commissioner to Singapore, Carla Owen It is great to see Weavr expand into Singapore. Their presence here will help more Singaporean and expanding Southeast Asian companies to seamlessly integrate financial services for their customers. Financial services trade with Singapore was 1.7bn in 2020.
This value will only grow as our country seizes opportunities in digital trade and innovation. We’re happy to celebrate Weavr’s success.”
The company’s plug-and-play solutions are designed to help digital businesses launch and monetize financial services quickly and efficiently. Also this:
Predefined solutions for various use cases that reduce time to market to 5 weeks.It also addresses compliance, data security and regulations
A low-code product that allows brands to quickly and seamlessly embed services without compromising quality and security
A scalable solution that allows new financial services to be added in new markets as customers grow
