weav

Weav provides a universal Application Programming Interface (API) that enables fintech companies and financial institutions to connect with various commerce platforms. Founded in 2020 by Nadav Lidor, Ambika Acharya, and Avikam Agur, the company's core product is a single API that allows its clients to access standardized, real-time sales and financial data from their business customers' accounts across multiple platforms. This facilitates the development of financial products and services, such as lending, real-time underwriting, and financial planning tools.

The company's business model is centered on providing this data connectivity infrastructure, which allows applications to retrieve and analyze customer information seamlessly. This aims to expand financial access for small businesses, creators, and entrepreneurs. In August 2021, just over a year after its inception and having raised $4.3 million, Weav was acquired by the US fintech company Brex for $50 million. Following the acquisition, Weav became Brex's innovation hub in Israel, with co-founder Nadav Lidor leading the division. The integration was intended to accelerate the connectivity of the Brex platform and expand its ability to serve customers across different industries.

Keywords: universal API, commerce API, fintech infrastructure, data connectivity, SMB financial data, Brex acquisition, sales data API, lending tools, underwriting data, financial planning API, e-commerce integration, real-time data, Nadav Lidor, Avikam Agur, Ambika Acharya