Solutions
- By use case
- Employee benefits
- Expenses management
- Accounts Payable
- SaaS subscriptions
- By industry
- HR
- Retail
- Business of travel
- Accounting
- Procurement
Developers
- Documentation
- Changelog
Resources
About Us

Demo for free Talk to an expert

Weavr bags $40m to stake claim to $138bn embedded finance market

22 Feb 2022

Guide: A Stronger Backbone for Travel

Discover how adding issuing to acquiring enables travel SaaS platforms to protect travel intermediaries.

You may also like this

The missing link in in-store BNPL: why virtual cards and mobile wallets change the equation

Why in-store BNPL failed the first time and what the industry got wrong

The missing piece of BNPL: why most spending still happens where flexible payments don’t exist

Navigating the operational reality of sudden travel disruptions

Be the first to know.
Embedded finance in your inbox

Product

Employee benefits
Expenses management
Accounts Payable
SaaS subscriptions
HR
Business Travel
Accounting
Procurement

Resources

All Resources
Blog
Newsroom
Guides
Fintech Glossary

Developers

API reference
Documentation
Changelog

Social

About
Why Weavr
Case Studies
Talk to an expert
Careers
LinkedIn

Guide: A Stronger Backbone for Travel

Discover how adding issuing to acquiring enables travel SaaS platforms to protect travel intermediaries.

Paystratus Group Ltd 2019-2025. All rights reserved.

Vulnerability disclosure programme
Privacy Policy
Terms & Policies
Cookies

Weavr is the trading name under which Weavr Ltd (company registered in England and Wales with registration number 13433581) and Weavr (Europe) Ltd, (company incorporated and registered in Malta with company number C98895 whose registered office is at Ardent Business Centre, Triq l-Oratorju, Naxxar NXR 2504 Malta) provide services to legal entities in the UK (Weavr Ltd) and in the EU (Weavr (Europe) Ltd). Weavr Ltd and Weavr (Europe) Ltd are wholly owned subsidiaries of 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.

For programmes operating in the European Union, the Payment account and Mastercard cards are issued by Paynetics AD with company address 76A James Bourchier Blvd, 1407 Sofia, Bulgaria, company registration number 131574695. Paynetics AD is an electronic money institution authorised and regulated by the Bulgarian National Bank for the issuance of e-money and provision of payment services in the EU. Weavr (Europe) Ltd is acting on behalf of Paynetics AD, as a registered agent on the territory of the EU member states, and is entered into the public register of e-money institutions’ agents kept by the Bulgarian National Bank.

For programmes operating in the United Kingdom, the Payment Account and Mastercard cards are issued by Paynetics UK, Company number 1248133. Paynetics UK is a wholly owned subsidiary of Paynetics AD with its registered address at 1st Floor, 18 Devonshire Row, London, England, EC2M 4RH. Paynetics UK is an electronic money institution authorised and regulated by the Financial Conduct Authority (firm reference number 942777) for the issuance of e-money and provision of payment services in the UK. Weavr Ltd is a distributor of Paynetics UK on the territory of the UK.

To ensure your funds are safe, Paynetics AD and Paynetics UK follow a process known as ‘safeguarding’ which is a regulatory requirement for all EMIs. In this process Paynetics AD, respectively Paynetics UK, keeps your money separate from its own (firm) money and places 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 in the EU (£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 and funds. For further details on the safeguarding, visit https://www.paynetics.digital/safeguarding-of-clients-funds/

Weavr Ltd is registered in the UK as an agent of Yapily Connect Limited (Company No: 11598433), which is authorised and regulated by the Financial Conduct Authority (FCA) under the Payment Services Regulations 2017 as an Authorised Payment Institution (Firm Reference Number: 827001), registered office: 86–90 Paul Street, London, EC2A 4NE.

Paystratus Group Limited provides software and support services to Weavr Ltd and Weavr (Europe) Ltd.

Read more