Embedded finance business Weavr has announced the latest iteration of its “plug and play” finance solution.
The solution has added three new Financial Plug-ins.
These will enable digital businesses to offer financial services within their platforms.
Weavr enables banking solutions to be in place at “a fraction of the speed and cost” versus other BaaS solutions.
What does this mean?
Weavrs products aim to “significantly lower the barriers to market entry” for businesses by enabling them to embed financial solutions. The plug ins include Employee Finance, Supplier Finance and Worker Finance which will make it easier for businesses to pay their employees, suppliers and freelancers – and Weavr offers a tiered model to suit a range of business sizes.