Weavr, a United Kingdom-headquartered technology provider that empowers businesses with plug-and-play embedded finance solutions, has set up in Singapore as part of its mission to make embedded financial services available to any digital business.

Backed by a $40 million Series A led by American investment firm Tiger Global, the official launch of Weavr in Singapore will be announced this week at the Singapore Fintech Festival at the Singapore Expo, wherein Weavr will be part of the United Kingdom (UK) Trade Mission pavilion led by the UK Department for International Trade, Weavr said in a statement.

“We’re excited to enable digital businesses in Singapore, and in the region for which Singapore is such an effective hub, with the means to seamlessly integrate financial services wherever their customers need them,

“We see few better opportunities for deploying a significant portion of the $40 million of capital we raised earlier this year to bring the benefits of embedded finance to digital innovators and ultimately to their customers in the region,” said Weavr Co-Founder and Chief Executive Officer Alex Mifsud.

Aligned with the Financial Services Industry Transformation Map (ITM) 2025 announced in September 2022 by the Monetary Authority of Singapore (MAS), Weavr said its entry into Singapore comes amid an innovation drive powered by embedded finance, which will in turn enable the redefining of business models for greater resilience.

It said this availability of simple solutions to deploy financial services will further enable businesses in Singapore to drive innovation and create more value for all stakeholders.

According to Weavr, Singapore is well-positioned as a hub for digital and financial innovation in the region and a natural first stop on Weavr’s mission to help online businesses and SMEs radically innovate through the simplicity of their embedded financial solution.

It said the move will also enable Weavr to contribute to meaningful advances in financial inclusion, green tech and more, as part of Weavr’s commitment to environmental, social, and governance (ESG) investing.

Weavr is a firm that enables digital businesses to seamlessly embed financial services into their application via a radically simplified model, called Plug-and-Play Finance.

In just a few weeks, businesses can launch and monetise financial services – and at a fraction of the cost of Banking-as-a-Service (BaaS).

By making embedded finance accessible to a far wider range of digital businesses, Weavr is helping drive a new wave of expansion in the frontiers of embedded-finance innovation.

Founded in 2018, with offices in London and Malta, the company aims to deepen operations within Europe and expand to the US and Singapore.

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