FinTech Alliance company Weavr has raised $7mn in a seed funding round.
In Brief:
The round was led by Headline and included Seedcamp, Anthemis and QED Investors.
Weavr offers an embedded banking and payment solution for businesses.
Its latest funding is the extension of a £3mn raise last year.
What does this mean?
Weavr currently offers its embedded finance solution to businesses across various industries liked education and real estate. With its latest fundraise it will look to take advantage of the changes in customer behaviour that were spurred on by Covid-19, especially the move away from cash.
