What is WeGift?
Founded in 2015, WeGift has established itself as a key player in enabling large enterprises to disburse funds for a variety of purposes, including rewards, refunds, rebates, and remittances. The company's innovative network facilitates the instant global transfer of digital currencies, effectively removing friction and making payouts fast, affordable, effortless, and personalized. WeGift operates within the dynamic fintech landscape, providing essential infrastructure for businesses seeking efficient and scalable payment solutions.
How much funding has WeGift raised?
WeGift has raised a total of $42M across 2 funding rounds:
Series A
$12M
Series B
$30M
Series A (2021): $12M with participation from CommerzVentures, Albion Capital Group, Unilever Ventures, The SAP.iO, and Stride.VC
Series B (2022): $30M led by Volution Capital Management, Element Ventures, and CommerzVentures
Key Investors in WeGift
CommerzVentures
CommerzVentures is a return-driven venture capital investor backing early-stage FinTech and InsurTech companies in Europe, Israel, and the USA, typically starting at Series A.
Albion Capital Group
AlbionVC, the technology investment arm of Albion Capital Group LLP, invests long-term capital in high-growth B2B software and technology-enabled services companies, focusing on early-stage investments from seed to Series B.
Unilever Ventures
Unilever Ventures is the venture capital arm of Unilever plc, a global consumer goods company, investing in companies that align with Unilever's strategic interests.
What's next for WeGift?
With the recent major strategic investment, WeGift is poised for accelerated expansion and further development of its global payout network. The substantial capital raised indicates strong investor confidence in the company's business model and its capacity to capture a larger share of the enterprise payout market. Future initiatives are likely to focus on enhancing technological capabilities, expanding merchant partnerships, and deepening its reach into new international markets, solidifying its role as a leader in digital currency disbursement.
See full WeGift company page
