8 Dec 2022

Ben: building a benefits platform, powered by embedded finance

How can businesses be better equipped to support talent acquisition and retention?  For Ben, the answer was to build an incredibly flexible, all-in-one, employee benefits platform […]

14 Oct 2022

6 revolutionary ways embedded finance will help the world of work

From purchasing supplies to paying out salaries, finance is a huge part of the digital workplace. Historically it’s been a domain steeped in paperwork, invoices and […]

7 Mar 2022

Are you a digital innovator? Get ahead with embedded finance

Digital innovators live at the cutting edge. They’re out to forge new paths, to do things no one else has done before and blow the previous […]

18 Feb 2021

Congratulations to Weavr customer Ben on the announcement of their $2.5m fund raise and latest client win

Ben, is a London-based employee benefits platform that simplifies expense management for both the employer and employee. Ben have raised $2.5m in their latest funding round […]

Guide

What is embedded finance?
Everything you need to know to supercharge your business.
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Paystratus Group Ltd 2019-2023, All rights reserved.
Weavr is the trading name for Paystratus Group Limited, a company registered in England and Wales with registration number 11677111 and registered office at 128 City Road, London EC1V 2NX United Kingdom.

The Payment account and Mastercard cards are issued by Paynetics AD (via Paystratus Group Ltd, a Technical Provider of Paynetics AD) with company address 76A James Bourchier Blvd, 1407 Sofia, Bulgaria, company registration number 131574695 and VAT BG131574695, pursuant to license by Mastercard International Incorporated and Bulgarian National Bank.

To ensure your funds are safe Paynetics follow a process known as ‘safeguarding’ which is a regulatory requirement for all EMIs. In this process Paynetics keeps your money separate from its own money and place it in a safeguarding account with a Bank.

Electronic Money issued is not covered by any Deposit Guarantee Scheme which is a government backed scheme offering protection to customers’ funds of up to €100,000 (£85,000 in the UK under the FSCS) per customer. However, in the event of an insolvency, your funds would remain in the safeguarded account at the designated Bank and separated from Paynetics’ accounts.

In the event of Paynetics going out of business, an insolvency practitioner would be appointed to return the funds Paynetics has safeguarded to the customers. This means you would get most of your funds back, except for the costs deducted by the insolvency practitioner for returning the funds to the customers
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