Embedded finance experts, Weavr, have been selected as part of Tech Nation’s Fintech 4.0 cohort for 2021/22. The news follows a recent surge of recognition for the business, including a £7m seed funding announcement in July.
Tech Nation is a network for ambitious tech entrepreneurs, and the Fintech programme aims at accelerating the growth of successful UK finance-focused scaleups. Entering its fourth year, the programme has built an incredible network of over 75 alumni.
Weavr has been selected as one of only 30 companies to join the 4.0 cohort following an influx of recent accolades. These include Weavr being named among the BusinessCloud ‘50 most innovative UK financial technology firms’, Europe’s ‘Top 25 most promising early stage #FinTechStartups’ and success at the Paris Fintech Awards. Weavr was also recognised as highly commendable for the ‘Best SME Payments Initiative’ at the #PayTechAwards 2021.
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 continue to scale. We are thrilled to support Weavr in their exciting journey.”
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.”
The programme is funded by the UK Government’s Department for Digital, Culture, Media and Sports. Weavr will be offered a concierge-style service for all its scaling challenges including introductions to investors and mentors.
Just last month, Weavr confirmed a strategic partnership with 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.