Solutions
Why Weavr
Pricing
Developers
Knowledge centre
About us

Talk to an expert Start building

TechRound: A Chat with Alex Mifsud, Co-Founder and CEO at Developer-First Banking Platform: Weavr

26 Jul 2021

Guide

What is embedded finance?

Everything you need to know to supercharge your business.

You may also like this

25 Sep 2023 • Events

What’s happening at Sifted Summit 2023?

Connecting 3,000 of Europe’s finest startups and scale-ups for two unforgettable days in London. See you there! What is Sifted…

Embedded Finance Cloud research paper

7 Sep 2023 • Newsroom

Research highlights huge appetite for embedded finance amongst uk banks

Drawing insights from independent research, including a survey of 250 executives and managers from UK banks or financial firms, Weavr’s…

4 Sep 2023 • Guides

White paper: how banks are building the next wave of embedded finance

Delve into our latest market research on how the UK finance and banking sector appraises the opportunity of embedded finance…

22 Aug 2023 • People

Embedded finance: whether to build or buy. The CTO’s guide

Written by Adrian Mizzi, co-founder and CTO, Weavr In this article we will address the age-old question asked by Chief…

Be the first to know.
Embedded finance in your inbox

Product

Solutions
Employee Finance
Worker Finance
Supplier Finance
Why Weavr
Pricing

Resources

Knowledge Centre
Careers
Contact Us

Developers

API reference
Documentation
Changelog
Roadmap

Social

LinkedIn
Twitter

Guide

What is embedded finance?

Everything you need to know to supercharge your business.

Paystratus Group Ltd 2019-2023, All rights reserved.

Vulnerability disclosure programme
Privacy Policy
Terms & Policies
Cookies

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.
For programmes operating in the United Kingdom, the Payment Account and Mastercard cards are issued by Paynetics UK, Company number 1248133, (via Paystratus Group Ltd, a Technical Provider of Paynetics UK). 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.

For programmes operating in the European Union, 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.

Read more