Fintech company experiences growth and demand amid growing economic uncertainty

Amid a reported downturn in the fintech sector, Plug-and-Play Finance provider, London-based Weavr, is finding no drop in demand for its solutions and is continuing to forecast rapid growth.

Less than six months on from its $40m Series A announcement, Weavr continues to go from strength to strength. The company’s enduring success further underlines the substantial demand for easy-to-deploy embedded finance across a myriad of sectors.

Despite economic uncertainty plaguing other areas of fintech, embedded finance remains a field that businesses, and venture capitalists want to invest into.

The performance of Weavr in the past few months serves to highlight this trend. Since the beginning of 2022, the company has doubled its total employee headcount, while achieving similar levels of growth among its customer base. Because of this expansion, the Plug-and-Play Finance provider’s platform is now processing more than four times the volume of transactions than it did at the start of the year.

The rapid growth of Weavr highlights the immense value that digital businesses are attributing to its innovative product offering. The company’s technology is disrupting the banking-as-a-service sector by creating new and more efficient ways for digital businesses to provide financial services within their applications.

As a result, Weavr continues to make great inroads with innovative solution builders across industries such as health and wellness, education, and real estate. Now, the company is setting its sights on further uses for embedded finance, including B2B payments, the creator economy, and employee benefits and expense management.

Notably, Weavr is scaling its operations team to support the increased number of digital businesses that now deploy its solutions. In the past few months, the business has demonstrated its immense ability to improve performance levels within some of the aforementioned industries.

Alongside notable customer announcements and impressive company growth, Weavr continues to grow its operations across the globe. In recent weeks, the company has officially launched its operations in Portugal, as part of its efforts to further establish the Weavr brand within mainland Europe. This exciting development was kicked off with a successful industry event held on 23 June in Lisbon.

Speaking on the company’s continued momentum in 2022, Daniel Greiller, Chief Commercial Officer at Weavr commented: “The past few months have underlined the immense demand for our Plug-and-Play Finance solution. Our solution provides entrepreneurs with new freedoms to create innovative products and products that businesses and consumers want.

“That’s why, in the coming months we plan to continue pushing forward at speed. We currently have several exciting projects, announcements, and product updates in the pipeline that our customers will love.”

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