providing IBAN accounts and payment cards WEAVEPAY LIMITED (United Kingdom) is an electronic money institution authorized and regulated by the Financial Conduct Authority. WEAVEPAY is focused on providing IBAN accounts and payment cards. The company offers personal accounts, business accounts, merchant accounts, payment cards. In 2023 WEAVEPAY LIMITED had total assets of 6.11 mln GBP, and generated net income of 27,628.00 GBP. During 2023 the company had 3 employees in average.
Your international payment partner
Easy-to-use cards, high spend limits, and friendly, expert support
Dedicated account managers, offering real, chatbot-free support
Great exchange rates
(*)as stated by the company itself
13 August 2024, by Anna Mileiko
TheBanks.eu has developed a proprietary methodology to assign ratings to payment institutions based on their operating environment, company background, business model, market niche, product range, transparency, customer support and customer sentiment. According to the methodology, WEAVEPAY LIMITED is assigned the overall rating 3.96 (good) which is explained in details below.
| Operating Environment | Very Friendly | (4.81) |
| Product Range | Average | (3.05) |
| Market Niche | Average | (2.67) |
| Company Background | Strong | (3.48) |
| Customer Support | Good | (3.43) |
| Customer Sentiment | Excellent | (4.92) |
| Transparency | High | (4.08) |
| Overall Rating | Good | (3.96) |
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TheBanks.eu has also identified the following pros and cons of the company:
Personal Account is a multi-currency account, allowing the account holder to have funds in the following currencies:
EUR (Euro)
GBP (Pound sterling)A payment card can be ordered together with Personal Account.
Personal Account is offered to UK residents.
Personal Account is offered with a single pricing plan for all customers.
Fast international payments
Issue cards in seconds, control spend in one click
Save money and access over 30 currencies, like GBP, EUR, USD, and CHF
(*)as stated by the company itself
Business Account is a multi-currency account, allowing the account holder to have funds in the following currencies:
EUR (Euro)GBP (Pound sterling)A payment card can be ordered together with Business Account.
Business Account is offered to all countries, low-medium risk, all countries, high-risk, all countries, super high-risk.
Business Account is offered with several pricing plans for different customer groups, namely Group 1, Group 2, Group 3.
WEAVEPAY is neither registered with the Financial Conduct Authority (FCA) as a crypro asset firm, nor offers any crypto assets services. WEAVEPAY LIMITED does not conducts any crypto-related activities.
From January 2020, firms carrying out specific cryptoasset activities in the United Kingdom need to comply with the amended Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017 (MLRs) and to register with the FCA.
WEAVEPAY LIMITED is not registered with the FCA as a crypro asset firm.
WEAVEPAY do not offer crypto assets services.
| GBP | 2022 | 2023 | change (%) |
|---|---|---|---|
| Total Assets | 2,417,013.00 | 6,111,111.00 | +152.84% |
| Revenue | 83,346.00 | 690,419.00 | +728.38% |
| Gross Profit | 81,095.00 | 666,878.00 | +722.34% |
| Net Income | -198,239.00 | 27,628.00 |
| Rank | Name | Market % | Total Assets |
|---|---|---|---|
| 130 (-7) |  Nochex Ltd | 0.01 % | 2.52 mln GBP (+13.87%) |
| 131 (+52) | WEAVEPAY LIMITED | 0.01 % | 2.42 mln GBP (+487.82%) |
| 132 (-6) |  Paynetworx Group Ltd | 0.01 % | 2.37 mln GBP (+11.75%) |
United KingdomWEAVEPAY LIMITED is authorized by the Financial Conduct Authority as a e-money institution (reference number 935764) for issuance of electronic money, placing cash to a payment account, withdrawing cash from a payment account, execution of payment transactions on a payment account (not covered by a credit line), execution of payment transactions on a payment account (using a credit line), issuing payment instruments or acquiring payment transactions, money remittance; the authorization was granted on 20 April 2021.
WEAVEPAY LIMITED is not a bank, it can't collect deposits from public or loan out its clients’ money. Hence, it does not have to participate in deposit guarantee schemes. However, WEAVEPAY is required to safeguard its customers’ money.
Since January 2021, WEAVEPAY LIMITED can not conduct its activities in EEA member states.
WEAVEPAY LIMITED is a SWIFT member and a SEPA (SCT) scheme participant.
11th Floor, Citypoint 1, Ropemaker Street, EC2Y 9HT, London, United KingdomEnglish
United Kingdom
United Kingdom
United Kingdom
United Kingdom
United Kingdom
United Kingdom
