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Embedded finance_ the ‘secret sauce’ for stemming employee churn
22 Mar 2023 • Employee benefits

Embedded finance: the ‘secret sauce’ for stemming employee churn?

Evidence suggests that many talented workers are restless. High proportions of the workforce are unsure whether their current position can…

Weavr International Women's Day 2023
8 Mar 2023 • People

Weavr embraces equity this International Women’s Day

We didn’t want International Women’s Day (IWD) to be a last-minute, “quick, grab the females for a social media pic…

Weavr brings Open Banking to Embedded Finance in first-of-its-kind deal
7 Mar 2023 • Newsroom

Weavr brings Open Banking to Embedded Finance

Following the announcement of impressive growth in the past year, Weavr has confirmed the acquisition of B2B Open Banking platform,…

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embedded finance disruption
3 Feb 2023 • B2B payments

Disruption for mere mortals: 6 lessons from embedded finance winners

Well-known names such as Uber, Starbucks and – most recently – Twitter are often cited whenever the topic of embedded…

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What is embedded finance?
Everything you need to know to supercharge your business.
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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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