We founded Weavr to make payments less painful for our fellow innovators.
It’s Alex and Adrian here – we’re payment entrepreneurs and engineers. We’ve experienced first hand over many years how cumbersome, slow and expensive creating payments solutions almost always is. ‘There has to be a better way’ we’d say every time, months and tens of thousands of pounds (or euros or dollars) later before we could process the first real-money transactions.
In 2015, thanks to a grant from the EU Horizon2020 research programme, we spent a couple of years developing a technology stack that would make designing, building and taking a brand new payment service live take just a few weeks.
With Weavr, we’re finally getting there, and we’re working obsessively hard to make creating payment services like any other digital software – pick your APIs, write some code, and get something out there that real customers can try.
There are still some wrinkles to iron and hoops that we still have to jump through. Financial institutions and payments vendors, including our partners, face genuine challenges and real costs and friction when supporting innovation. That’s why things are the way they are. We’re not wishing these issues away, but painstakingly finding solutions – engineering solutions, new operating models, or sometimes just convincing partners to do things differently.
Our biggest advocates are payments industry insiders who would love nothing more than to remove friction – as long as it’s not at the expense of security and compliance. In fact, the financial institutions and payments vendors we have approached are inspired by what we’re trying to achieve, and are supporting us and sometimes joining us in our journey.