White & Black Advise Weavr on the acquisition of B2B open banking platform Comma Payments

White & Black’s Corporate Team advised embedded finance specialist, Weavr on it’s acquisition of B2B open banking platform Comma Payments.

We extend our thanks to Jonathan, Clive and the rest of the White & Black team for their technically excellent advice throughout and for remaining focused and pragmatic in their approach.”

Alex Mifsud, Co-Founder and CEO, Weavr

About the deal

With Comma, Weavr has become the first embedded-finance provider to bring together Banking as a Service (BaaS) and Open Banking into an optimised embeddable payment solution for B2B applications ranging from payroll, accounts payable, and other forms of mass payments.

Speaking on the deal, Co-Founder and CEO Alex Mifsud: ‘This is the latest, and perhaps most exciting, step in Weavr’s recent growth journey and puts the company in the best position possible to deliver even more value for our ever-expanding customer base. Comma has created the best B2B open-banking payment solution we’ve ever seen, which is now available to our users.’ You can read more about Weavr’s acquisition here.

Picture of quote from Weavr CEO Alex Mifsud, We extend our thanks to Jonathan, Clive and the rest of the White & Black team for their technically excellent advice throughout and for remaining focused and pragmatic in their approach.

Corporate transactional work is the largest area of our practice, with deals ranging from £1m to £750m, including mergers and acquisitions, finance, joint ventures, corporate governance, and banking involving high growth and pure technology companies. We guide our clients through every aspect, through to post-deal integration. Please reach out to Jonathan Williamson or John Allen for more information. Clive Bramley is a payment services specialist and provided expert advice on this deal.