When was WEEL founded?

WEEL was founded in 2014 and raised its 1st funding round 3 years after it was founded.

Where is WEEL located?

WEEL is headquartered in Sao Paulo, Brazil.

Who is the current CEO of WEEL?

Simcha Neumark of WEEL. They have also founded 1 company.

How many employees does WEEL have?

As of Apr 30, 2026, the latest employee count at WEEL is 49.

Is WEEL a funded company?

WEEL is a funded company, having raised a total of $63.1M across 5 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on 2017.

When was the latest funding round of WEEL?

WEEL's latest funding was a $***** Series B round on Feb 17, 2020, with participation from 1 investor. Its primary sector is Alternative Lending. In Brazil, the Alternative Lending sector has seen $78.2M in funding in 2026 to date.

Where does WEEL rank among its competitors?

WEEL ranks 32nd amongst 446 active competitors, of which 131 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was Candex, which secured $7M in Mar, 2026.

Who are the top competitors of WEEL?

WEEL's top competitors include Ebury, Vayana and Lianyirong Digital Technology Group. Among them, Candex secured the most recent funding round in March, 2026.

WEEL - 2026 Company Profile, Team, Funding & Competitors

WEEL is an acquired company based in Sao Paulo (Brazil), founded in 2014 by Henry Hazan, Simcha Neumark and Shmuel Kalmus. It operates as an Invoice factoring solution. WEEL has raised $63.1M in funding from investors like Banco Votorantim, Franklin Templeton Investments and FJ Labs. The company has 446 active competitors, including 131 funded and 39 that have exited. Its top competitors include companies like Ebury, Vayana and Lianyirong Digital Technology Group.

Company Details

WEEL provides working capital finance to small and medium businesses. Companies can advance receivables of invoices for products whose payment will be made by invoice with maturity between 5-90 days. Offers integration with various ERP solutions to better track accounts receivables.

Website: weel.com.br
Social
Email ID: *****@weel.com.br

Key Metrics

Founded Year

2014

Location

Sao Paulo, Brazil

Stage

Acquired

Total Funding

$63.1M in 5 rounds

Latest Funding Round

Series B, Feb 17, 2020, $*****

Investors

Banco Votorantim & 4 more

Ranked

32^nd among 446 active competitors

Employee Count

49 as on Apr 30, 2026

Similar Companies

Lianyirong Digital Technology Group & 261 more

Exit Details

Acquired by Banco BS2 (Jun 07, 2021)

View WEEL's full profile

WEEL got acquired by Banco BS2 on Jun 07, 2021.

Click here to take a look at WEEL's acquisition in detail

WEEL has raised a total funding of $63.1M over 5 rounds. Its first funding round was on 2017. Its latest funding round was a Series B round on Feb 17, 2020 for $*****. 1 investor participated in its latest round. WEEL has 5 institutional investors.

Here is the list of recent funding rounds of WEEL:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 17, 2020	1895909	Series B	1319213	3315636	2700131	4128309
Apr 05, 2019	3045095	Series B	1482301	1348121	5444791	3258646
Jan 28, 2019	8375455	Series A	3746132	6170642	Banco Votorantim	Mindset Ventures & 1 more

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View details of WEEL's funding rounds and investors

The founders of WEEL are Henry Hazan, Simcha Neumark and Shmuel Kalmus. Simcha Neumark is the CEO of WEEL.

Here are the details of WEEL's key team members:

Henry Hazan: Co-Founder & VP of WEEL and founder of 1 other company.
Simcha Neumark: Co-Founder & CEO of WEEL.
Shmuel Kalmus: Co-Founder & CTO of WEEL.

View details of WEEL's Founder profiles and Board Members

WEEL's employee count trend

WEEL has 49 employees as of Apr 26. Here is WEEL's employee count trend over the years:

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Top competitors of WEEL include Ebury, Vayana and Lianyirong Digital Technology Group. Here is the list of Top 10 competitors of WEEL, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Ebury 2009, London (United Kingdom), Acquired	Provider of global payment solutions, currency risk management, and business lending	$374M	Vitruvian Partners, 83NORTH & 17 others	79/100
2nd	Vayana 2009, Pune (India), Series D	Provider of a platform facilitating trade credit and supply chain finance	$91.9M	Jungle Ventures, Trifecta Capital & 27 others	64/100
3rd	Lianyirong Digital Technology Group 2016, Shenzhen (China), Public	Provider of an online marketplace for invoice financing	$265M	Tencent, GIC & 16 others	64/100
4th	LSQ 1996, Orlando (United States), Acquired	Online marketplace for trade financing	$130M	Esker France, Lovell Minnick Partners & 1 others	63/100
5th	AwanTunai 2017, Jakarta (Indonesia), Series B	Provider of supply chain digitization by ERP systems with embedded financing	$55.8M	AMTD Group, Insignia Ventures Partners & 20 others	60/100
6th	40Seas 2022, New York City (United States), Seed	Provider of AI-powered platform for automating receivables, collections, and payments	$17M	QED Investors, Team8 & 3 others	59/100
7th	Candex 2011, San Francisco (United States), Series C	Online platform for invoice financing	$120M	Goldman Sachs, Advisors.Fund & 25 others	59/100
8th	KredX 2015, Bengaluru (India), Series B	Provider of supply chain finance and automation solutions for enterprises	$33M	Tiger Global Management, Prime Venture Partners ... & 1 others	59/100
9th	M1xchange 2017, Gurugram (India), Unfunded	Operator of a digital platform for discounting trade receivables for businesses	-	-	59/100
10th	Olea 2003, Singapore (Singapore), Series A	Provider of digital trade finance platform connecting businesses with investors	$30M	BBVA, SC Ventures & 2 others	58/100
32nd	WEEL 2014, Sao Paulo (Brazil), Acquired	Invoice factoring solution	$63.1M	Franklin Templeton Investments, Mindset Ventures ... & 3 others	50/100