Weavr teams up with Visa to bring flexible employee benefits cards to SaaS HR platforms

Weavr has teamed up with Visa to offer embedded Visa cards to HR tech platforms, making it easier for software-as-a-service (SaaS) providers to access the employee benefits market.

By working with Visa an associate member, Weavr will now allow SaaS companies to use Visa-powered financial products in their platforms, focusing first on employee benefits.

Weavr’s model brings together several financial partners into one platform, giving wide geographic coverage and a range of financial products through a single contract and single integration. 

Visa’s addition means B2B SaaS platforms can now offer embedded solutions that include issuing different payment cards, budget tracking, and spend control in real time, all within the same user experience.

This move gives HR tech platforms a ready solution to offer benefits cards backed by Visa. 

Employers can give staff personalised benefits without spreadsheets, receipts or delays. 

Visa gains a scalable distribution model for B2B payments through SaaS providers worldwide.

Mark Wilcocks, vice president product and solutions at Visa UK & Ireland, said: “Embedded finance is fast becoming an important tool for businesses that want to deepen relationships with their customers.