The embedded finance company Weavr has been selected as part of the Fintech 4.0 cohort for 2021/22 by Tech Nation.
Weavr has been selected as one of 30 companies to join the 4.0 cohort following an influx of recent accolades. These include being named among the BusinessCloud ‘50 most innovative UK financial technology firms’, Europe’s ‘Top 25 most promising early-stage Fintech Startups’ and ‘Best SME Payments Initiative’ at the Paytech Awards 2021.
In addition to this, Weavr also completed a £7 million seed funding announcement in July.
Spaking on their inclusion in the programme, Alex Mifsud, CEO and co-founder at Weavr, said: “We are thrilled to be part of the Fintech 4.0 cohort and will be taking full advantage of the platform that the Tech Nation programme offers us to broadcast the benefits of embedded finance to the digital ecosystem.
“Embedded finance is now an engine of digital transformation and this programme will help us connect to and empower digital innovators across the UK and beyond.”
Weavr will be offered a concierge-style service for all its scaling challenges including introductions to investors and mentors.
Tech Nation is a network of tech entrepreneurs, and the Fintech programme aims at accelerating the growth of successful UK finance-focused scaleups. Entering its fourth year, the programme supports a network of over 75 alumni.
Katja Palovaara, Fintech Programme Lead at Tech Nation, said: “We received an impressive amount of applications again this year and Weavr really stood out. The judges recognised the great potential Weavr has to become a future leader in the UK fintech ecosystem.
“Weavr was praised for having a strong expert team, a highly scalable solution with a distinctive value proposition in a highly lucrative fast-paced environment. We’ve seen a huge growth in the finance sector in the past year or so and the maturity of the companies on our programme continues to scale. We are thrilled to support Weavr in their exciting journey.”
Just last month, Weavr confirmed a strategic partnership with the global payment service provider, Nium that will enable both digital innovators to increase their UK and pan-European footprint. Weavr currently powers platforms like Finway, Thanks Ben, and MySkillCamp, specialising in sectors including health and wellness, education, real estate and future of work.