Weav - About the company
Weav is an acquired company based in New York City (United States), founded in 2020 by Nadav Lidor. It operates as an Open banking API for Commerce platforms. Weav has raised $4.45M in funding from Y Combinator and Foundation Capital, with last known valuation of $*****. The company has 578 active competitors, including 160 funded and 62 that have exited. Its top competitors include companies like Razorpay, TrueLayer and M2P Fintech.
Company Details
Open banking API for Commerce platforms. It enables financial institutions to connect with commerce platforms. It also enables to build financial products using real-time sales data. It provides solutions for business payouts and payments, lending and credit underwriting, financial planning and analysis, and more.
- Website
- weav.co
- Email ID
- *****@weav.co
- Phone Number
- +1 **********
Key Metrics
Founded Year
2020
Location
New York City, United States
Stage
Acquired
Total Funding
$4.45M in 2 rounds
Latest Funding Round
Last Known Valuation
$***** as on Mar 18, 2020
Investors
Ranked
122nd among 578 active competitors
Employee Count
2 as on Jul 31, 2026
Exit Details
Acquired by Brex (Aug 17, 2021)
Weav's acquisition details
Click here to take a look at Weav's acquisition in detail
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Weav's funding and investors
Weav has raised a total funding of $4.45M over 2 rounds. Its first funding round was on Mar 18, 2020. Its latest funding round was a Seed round on Apr 26, 2021 for $*****. 18 investors participated in its latest round. Weav has 10 institutional investors and 9 angel investors.
Here is the list of recent funding rounds of Weav:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Apr 26, 2021 | 9905085 | Seed | 9387418 | 1539315 | 4743004 | 4269206 |
Mar 18, 2020 | 8220940 | Seed | 8515038 | 3223521 | 7443103 |
View details of Weav's funding rounds and investors
Weav's founders and board of directors
Founder? Claim ProfileThe founders of Weav is Nadav Lidor.
Here are the details of Weav's key team members:
- Nadav Lidor: Co-Founder of Weav.
View details of Weav's Founder profiles and Board Members
Weav's employee count trend
Weav has 2 employees as of Jul 26. Here is Weav's employee count trend over the years:
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Weav's Competitors and alternates
Top competitors of Weav include Razorpay, TrueLayer and M2P Fintech. Here is the list of Top 10 competitors of Weav, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of payment and business banking solutions for enterprises | $742M | 85/100 | ||
2nd | TrueLayer 2016, London (United Kingdom), Series E | Open banking platform enabling secure bank-to-bank payments and payouts | $322M | 78/100 | |
3rd | M2P Fintech 2014, Chennai (India), Series D | Provider of APIs enabling banking, lending, and payment financial services | $188M | 74/100 | |
4th | Cross River Bank 2008, Fort Lee (United States), Series D | Platform offering API-driven financial infrastructure | $898M | 72/100 | |
5th | Galileo 2000, Sandy (United States), Acquired | Provider of cloud-based platform for financial technology and digital banking | $85M | 72/100 | |
6th | Provider of banking-as-a-service platform offering digital banking and payment solutions | $736M | 72/100 | ||
7th | Trustly 2008, San Carlos (United States), Acquired | Open banking-enabled payment processing solution for businesses | $28.7M | 71/100 | |
8th | Provider of open finance infrastructure for transaction banking and related services | $30M | 70/100 | ||
9th | Platform offering open banking API | $158M | 69/100 | ||
10th | Yapily 2017, London (United Kingdom), Series B | Provider of open banking platform facilitating payments and financial data access | $70.8M | 69/100 | |
122nd | Weav 2020, New York City (United States), Acquired | Open banking API for Commerce platforms | $4.45M | 43/100 |
Looking for more details on Weav's competitors? Click here to see the top ones
Weav's Investments and acquisitions
Weav has made no investments or acquisitions yet.
Reports related to Weav
Here is the latest report on Weav's sector:
News related to Weav
•
Brex buys Weav, a universal API for commerce platforms, for $50MFintech Finance•Aug 18, 2021•Brex, Weav
•
Weav raises $4.3M to knit together a universal API for commerce platformsTechCrunch+•Apr 26, 2021•Weav, Brex, Foundation Capital, Y Combinator and 5 others
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