<article><p>Weavr, a UK-based embedded finance platform, and PingPong, a Chinese payments company, have announced plans to launch in Singapore this week during the Singapore Fintech Festival.</p>
<h3>Embedded finance platform Weavr to launch in SG</h3>
<p><a href="https://www.dealstreetasia.com/?s=Weavr">Weavr</a>, a London-headquartered open platform for embedded finance backed by <a href="https://www.dealstreetasia.com/?s=Tiger Globa">Tiger Globa</a>l, is launching in Singapore this week to bring its embedded financial services available to businesses in the city-state.</p></article>

<p>Weavr, a UK-based embedded finance platform, and PingPong, a Chinese payments company, have announced plans to launch in Singapore this week during the Singapore Fintech Festival.</p>
<h3>Embedded finance platform Weavr to launch in SG</h3>
<p><a href="https://www.dealstreetasia.com/?s=Weavr">Weavr</a>, a London-headquartered open platform for embedded finance backed by <a href="https://www.dealstreetasia.com/?s=Tiger Globa">Tiger Globa</a>l, is launching in Singapore this week to bring its embedded financial services available to businesses in the city-state.</p>
<p>The launch will be made at the Singapore Fintech Festival, where Weavr is part of the United Kingdom Trade Mission pavilion led by the UK Department for International Trade.</p>
<p>Founded in 2018, Weavr seeks to enable businesses to integrate financial services anywhere their customers need them. It raised $40 million in a Series A funding round in February, led by Tiger Global.</p>
<p>The company said it is disrupting the current banking-as-a-service (BaaS) model by making embedded financial services available to businesses with digital presence. It has offices in London and Portugal.</p>
<p>With Weavr’s simplified model, Plug-and-Play Finance, digital businesses can launch and monetise financial services in a fast and efficient way, and at a fraction of the cost of the current BaaS model, according to the announcement.</p>
<p>Aside from Tiger Global, the company is also backed by QED Investors, Anthemis, Mubadala, Latitude, Headline, Seedcamp, Force Over Mass Capital, and UFP Fintech.</p>
<h3>Chinese payments startup PingPong expanding to SG</h3>
<p><a href="https://www.dealstreetasia.com/?s=PingPong">PingPong</a>, a Chinese payments solutions provider, is expanding to Singapore following its debut at Singapore Fintech Festival.</p>
<p>Founded in 2015, PingPong provides payment and digital trade solutions to more than 1 million customers globally. The company offers global e-commerce sellers the ability to manage multiple currencies in a single, secure platform across the US, Europe, and Asia.</p>
<p>It is applying for a Major Payment License in Singapore and plans to launch in the city-state upon receiving approval from the regulator. PingPong supports onshore/offshore payments in 16 major currencies and allows merchants and suppliers to manage international transactions and track the payments in real-time.</p>
<p>&#8220;At PingPong, we have helped hundreds of thousands of customers expand their business globally. Our on-boarded and supported platforms include globally important e-commerce enablers such as Amazon and Shopify,&#8221; said Cyrus Tong, the company&#8217;s regional chief compliance officer.</p>


Embedded finance platform Weavr, payments firm PingPong to launch in SG

Embedded finance platform Weavr to launch in SG

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Embedded finance platform Weavr, payments firm PingPong to launch in SG

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