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weav.co

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Founded Year

2020

Stage

Acquired | Acquired

Total Raised

$4.45M

Valuation

$0000 

About Weav

Weav's technology is intended to provide organizations with real-time, user-permissioned commerce data, which they may utilize to develop new financial products for small enterprises.Its products enable clients to connect to different platforms using a single API designed exclusively for commerce platforms used by enterprises to sell items and services.On August 17th, 2021, Weav was acquired by Brex at a valuation of $50M.

Weav Headquarter Location

245 8th Avenue

New York, New York, 10011,

United States

(415) 800-4179

Latest Weav News

From Fintech’s Top Founders To Wall Street’s Best Dealmakers: 30 Under 30 Finance 2022

Dec 1, 2021

December 1, 2021 - Advertisement - In 2016, while Tarek Mansoor was an analyst at Goldman Sachs, He saw clients trying to hedge their investments in the event the Brexit referendum was passed. They had no direct way of doing it, and Insight became the seed of a startup idea—Kalashi, an exchange where investors could place unusual bets on future events. He founded the New York company with fellow MIT alum Luana Lopez Lara in 2018. - Advertisement - The hardest part: regulatory approval. “We both called 65 lawyers in one day,” Mansoor says. “All of which said, ‘People have been trying to do this since the ’80s, and it’s not happening. '” But they persevered—and in November 2020, Kalshi was the first federally regulated event in American history— based trading exchange. Today you can use Kalshi to bet how many Americans will eventually get a COVID vaccine or whether this year will be the hottest on record. Billionaires Charles Schwab and Henry Kravis have invested in startups with blue-chip VC shop Sequoia. Kalshi has raised $36 million and processed $10 million in trades since its launch in July 2021. Eleven of the thirty companies on our 2022 list were crypto firms, an all-time high. - Advertisement - Mansour and López Lara are the two honorees on the 30 Under 30 list in Finance for 2022, which includes traditional financial services, fintech and crypto. The list makers were selected from nearly a thousand nominations and assessed by an all-star set of judges, which included Paul Gu, a cofounder and head of product at fintech lender Upstart; Joy Krug, co-chief investment officer of crypto fund Pantera; Jackie Rees, former head of Square Capital and a fintech angel investor; and Lauren Taylor Wolf, a cofounder and managing partner at activist hedge fund Effective Capital. - Advertisement - As Bitcoin reached a record price of over $68,000 in 2021, crypto entrepreneurs made a strong showing on our list. Eleven of the companies featured were crypto firms, an all-time high. One example is Antonio Juliano, the founder and CEO of DDX, a trading platform for professional investors outside the US to buy and sell cryptocurrency derivatives. During a few days in September, Dydx surpassed Coinbase in daily trading volume. Juliano expects the 19-person startup to bring in $125 million in revenue and $81 million in net profit this year. Elena Nadolinsky, the founder and CEO of privacy-focused cryptocurrency company Iron Fish, is another. Iron Fish uses a novel and advanced cryptography tool called zero-knowledge proofs to make crypto transactions private. Gallery: 2022 30 Under 30: The Standouts 20 images While non-fungible tokens (NFTs) debuted this year, Alex Atlah, cofounder and CTO of major NFT marketplace OpenC, has helped his company reach $300 million in revenue from less than $1 million last year. Now he is well on his way to becoming one of crypto’s newest billionaires. Many list makers are also involved in fintech. Scott Kazmirowicz and Michael Spelfogel launched Cardless in 2019, creating software that allows brands to launch their own co-branded credit cards. He has drawn cards for pro sports teams such as the Boston Celtics, Cleveland Cavaliers and Miami Marlins. According to Pitchbook, Cardless has raised over $50 million and is valued at $315 million. Aakash Magoon founded the insurtech startup Nayya, which helps people with tasks like choosing the most cost-effective health insurance plan and finding a low-cost pharmacy. It has 400 corporate clients and is on track to reach revenue of $7 million in 2021. Ambika Acharya founded Weave, which collects sales data for small businesses and makes it easily accessible, allowing lenders to view it in seconds to assess borrower risk. Corporate credit card startup Brex was Weav’s first customer, which used it to power its instant payments feature. In August 2021, Brex bought Weav for $50 million. Traditional financial services leaders made up a third of our list. Hannah Buchan is a partner at Beehouse, a $300 million investment firm focused on the legal cannabis industry, which has invested tens of millions of dollars in private equity, stock and loan deals. Alex Nesbit is a principal at BC Partners, helping close deals such as the $3.4 billion SPAC merger and IPO between Sixtera Technologies, one of the largest data center companies in the US, and Starboard Value Acquisition Corp., a blank check company. And Mason Liang is a portfolio manager at Millennium Management, a $50 billion hedge fund, where he oversees one of the largest teams in charge of the firm’s “quantamental” strategy, which uses quantitative and analytical tools to assess investments. Combines fundamental analysis. This year’s list was a team effort by Jeff Coughlin, Michael Del Castillo and Maria Abreu. For a link to our full finance list, Click here And for full 30 under 30 coverage, Click here, 30 Under 30 Related Articles more from BusinesshalaBusinesshala Under 30 Hall of Fame ,

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