embedded finance solutions Weavr (Europe) Ltd (Malta) is an electronic money institution authorized and regulated by the Malta Financial Services Authority. Weavr (Europe) is focused on embedded finance solutions. The company offers embedded finance as a service, banking as a service, employee benefits platform, expense management, accounts payable management, physical and virtual cards issuance, embeddable onboarding, IBAN-enabled accounts to companies, institutions.
Fast, seamless embedded finance
Add financial features to your non-financial application
Take your SaaS product to the next level
Launch and scale within a proven compliance model
(*)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, Weavr (Europe) Ltd is assigned the overall rating 3.13 (average) which is explained in details below.
| Operating Environment | Friendly | (4.17) |
| Product Range | Broad | (3.43) |
| Market Niche | Average | (3.05) |
| Company Background | Poor | (1.63) |
| Customer Support | Poor | (1.92) |
| Customer Sentiment | Poor | (1.92) |
| Transparency | High | (4.08) |
| Overall Rating | Average | (3.13) |
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TheBanks.eu has also identified the following pros and cons of the company:
Weavr (Europe) is neither registered with the Malta Financial Services Authority (MFSA) as a virtual asset services provider, nor offers any crypto assets services.
Since 2018, the MFSA is also responsible for regulating Virtual Financial Assets (VFA).
Weavr (Europe) Ltd is not registered with the MFSA as a virtual asset services provider.
Weavr (Europe) do not offer crypto assets services.
Malta
Weavr (Europe) Ltd is authorized by the Malta Financial Services Authority as a e-money institution (reference number WEUR) for issuance of electronic money, distribution and redemption 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), issuing payment instruments or acquiring payment transactions; the authorization was granted on 22 July 2024.
Weavr (Europe) Ltd 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, Weavr (Europe) is required to safeguard its customers’ money.
Due to EEA passport rules Weavr (Europe) Ltd, can conduct its activities in any of the 30 EEA member states.
Weavr (Europe) Ltd is connected to MasterCard payment card scheme.
Ardent Business Centre Triq l-Oratorju, NXR2504, Naxxar, Malta
English
United Kingdom
Lithuania
Lithuania
Finland
Lithuania
Netherlands
