The positive news from Weavr comes as the field of ‘embedded finance’ is continuing to go from strength-to-strength
IN BRIEF:
- Weavr has experienced transaction growth of over 340% since early 2022
- Total number of users on Weavr’s platform has more than tripled: 1,500 corporates and 36,5000 consumers now signed up to the service
- Monthly on-boarding of corporate customers is now three times greater than 2022
What does this mean?
Weavr's impressive performance in 2022 is continuing into 2023 and the business believes this is underpinned by a growing demand for embedded finance solutions, particularly among B2B Software-as-a-Service (SaaS). Speaking on the company’s performance in the past year, Alex Mifsud, co-founder and CEO of Weavr commented: “As the past year has shown, the economic picture can change very quickly, sometimes shifting from month to month. During such times, businesses need inventive ways to generate greater resilience in their operations, and embedded finance offers one of the most effective and exciting ways to do so.”
