4 May 2022

Breaking barriers to build better – the engineering mindset behind Weavr’s Plug-and-Play Finance

“It all goes back to curiosity – asking why something works the way it does, and figuring out how else it could work.” That’s the mindset […]

2 Mar 2022

A word from our investors

It’s been 7 days since we announced the closing of a $40 million Series A round.  Tiger Global led the round – one of the world’s […]

6 Aug 2021

Daniel Greiller joins panel of experts to discuss financially inclusive payments on the latest Emerging Payments Association Insights podcast

Weavr CCO Daniel Greiller recently took part in an EPA Insights podcast to explore how digital and financial exclusion remain entrenched in today’s society and have […]

3 Dec 2020

Daniel Greiller joins Weavr as CCO

Daniel joins as Chief Commercial Officer at an exciting time for Weavr as the company exits stealth mode – accelerating its growth and product development.   He […]

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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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