SUMMARY DESCRIPTION
- ‘Infrastructure-as-a-service’ company
- Providing embedded payments solutions
- Many non-financial institutions (retailers, etc.) find traditional payments systems costly, complex and bureaucratic
- Enabling non-payments specialists to launch payments in a highly automated and self-serve manner
- Offering a distinctive capability for non-financial players to offer payments solutions in-house to their clientele
OPPORTUNITY/INVESTMENT THESIS
- Growing trend of digital providers to want to provide to digitally aware customers a vertically integrated financial services solution to meet consumer expectations for seamless user journey
- Current payments infrastructure requires ever increasing security and compliance responsibilities
- Weavr enables businesses, that don’t have the skills or capital, to build a flexible sophisticated payment solution in-house
- Weavr thus reduces cost, complexity and time to market to embed self-service payment solutions in a digital environment