The UK-based embedded banking provider Weavr partners with Visa. Weavr is operating in the UK and the EU and targets non-fintech companies. These companies can offer debit card and bank account services to their own customers.
The announcement of the partnership states that the focus will be on B2B SaaS companies, one of the areas where embedded finance is expected to have a vast impact over the coming years. From a provider's perspective, it might make a lot of sense to focus on such areas.
The card schemes (Visa and MasterCard) are obviously always very interested in partnering with and, in some cases, investing (e.g. Visa invested in Solaris and MasterCard in Treezor) in the infrastructure provider companies.
Personally, I have been working with a few B2B SaaS companies and I am very curious to see what the Weavr and Visa partnership means for them. Unfortunately, the announcement has not revealed any details about the exact product offering.
Disclaimer: I have been working at Weavr until November 2022, but I have been independent since then.
