Fintech company Brex first partnered with Weav last summer and then in March, Brex launched Instant Payouts for Shopify sellers using the startup’s technology. The results were impressive enough that by April, Brex co-founders Henrique Dubugras and Pedro Franceschi participated in Weav’s $4.3 million seed round as strategic angel investors.
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Brex buys Weav, a universal API for commerce platforms, for $50m
“We were so impressed with [CEO] Nadav [Lidor] and his team, how fast they were building and how good the technology is, that we wanted to expand to a more strategic partnership,” he told TechCrunch. “Then, we started talking about an acquisition.”
