Embedded Finance Firm Weavr Expands to Singaporeby Fintech News Singapore November 2, 2022
Weavr is setting up in Singapore as part of its efforts to make embedded financial services available to any digital business.
The official launch was held at the Singapore Fintech Festival 2022, where Weavr is part of the United Kingdom (UK) Trade Mission pavilion led by the UK Department for International Trade.
One of Weavr’s models, Plug-and-Play Finance, helps digital businesses set their financial services in motion and monetise them quickly at a fraction of the cost of the traditional Banking-as-a-Service (BAAS) model.
Key benefits of Weavr’s financial plug-ins include pre-defined solutions for a range of use cases that reduce time to market while complying with data security and regulation.
This also includes a low-code offering that embeds services quickly and seamlessly without short-changing quality and security as well as extensible solutions that add new financial services in new markets as they grow.
Alex Mifsud, CEO and Co-Founder of Weavr said,
“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 integrate financial services wherever their customers need them seamlessly.
We see few better opportunities for deploying a significant portion of the US$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”.
Kara Owen CMG, The British High Commissioner to Singapore said,
“I am delighted to see UK fintech Weavr expand into Southeast Asia with the opening of its office in Singapore as a launchpad into the region. The UK Digital Trade Network powered by Tech Nation are supporting UK companies like Weavr to make the most of the opportunities in Southeast Asia.
With a market of 650m people with significant demand for innovative fintech that can make business and everyday lives easier – demand for products like Weavr’s is significant.”
Featured image credit: edited from Unsplash