WeeFin Raises €25M for Fintech and Sustainable Finance Growth
The fintech market is growing as the number of impact investors continues to rise.
WeeFin will expand to more European markets, helping clients with sustainable finance strategies.
France-based fintech company WeeFin has secured €25 million in Series B funding to scale up its international operations.
The financing round was led by BlackFin Capital Partners, which saw participation from historical investors like IRIS, Asterion Ventures, and Ring Capital.
This funding round comes on the heels of WeeFin’s Series A last year, and the proceeds will be used to expand its product offerings and grow its presence in new European markets, including the UK, Italy, and Luxembourg.
Established in 2021, WeeFin comes with a SaaS (Software as a Service) platform for financial institutions, which centralises all data regarding ESG (Environmental, Social, and Governance), climate impact, and sustainability strategies.
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With sustainability becoming a top priority for many financial institutions, WeeFin comes to the fore with its fintech expertise to help them manage and optimise their sustainability strategies. The company has more than 40 clients across Europe, among others, Generali Asset Management, Caisse des Dépôts Asset Management, and Groupe BPCE, with a total of €6,900 billion in assets under management.
With the new funding, it is set to refine its platform by upgrading existing features such as data management and introducing new tools, for example, ESG performance attribution. It will also integrate more data sources to help financial institutions make informed decisions and comply with sustainability regulations.
Grégoire Hug, CEO and co-founder of WeeFin said: “With BlackFin Capital Partners as one of our investors, WeeFin has the support it needs to make a definitive impact in Europe.
"We have always been convinced that sustainability is an essential and differentiating strategic element for financial institutions. This Series B not only confirms this vision but also validates our clients trust and the relevance of our platform, which enables them to address their challenges at scale.”
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Source: WeeFin
