Weel announces strategic partnership with Nium, moves to Visa Business Debit Cards as part of enhanced payment solution

MEDIA RELEASE

Sydney, NSW
March, 2024

Weel, a leading Australian fintech company, is excited to announce its new partnership with Nium, a global payment platform provider. This strategic collaboration marks a significant milestone for Weel, as it transitions to using Visa as its primary payment network, to the benefit of thousands of businesses around Australia using Weel today.

Renowned for its innovative financial services in the spend management space, Weel has chosen Nium as its preferred payment platform provider, propelling them into Visa’s global licence network and unlocking a host of new advantages for new and existing customers. Weel customers will now experience the convenience of Visa Business Debit cards, a transformation that promises market-leading FX rates as well as enhanced global transaction capabilities for both online and offline purchases.

“We are thrilled to be joining forces with Nium to bring even more value to our customers,” says Daniel Kniaz, CEO of Weel. “This partnership is a significant step forward in our mission to deliver a seamless and cost-effective way for our customers to capture every expense, in its entirety. With lower FX rates and increased versatility of our Visa Business Debit cards, we’ve unlocked a truly global spend management experience.”

Nium’s leading payment platform technology will empower Weel to continue its commitment to innovation and customer-centric financial services. This collaboration marks an exciting milestone for the fintech industry and reinforces Weel’s position as a leader in the market. 

For more information about Weel’s partnership with Nium and the introduction of Visa Business Debit cards visit: letsweel.com

For more information, please contact:
Caitlin Wynn
caitlin@letsweel.com

About Weel

Weel (previously DiviPay) is an all-in-one virtual business card and spend management platform that enables finance teams to better manage, control and streamline spending across their organisation. Founded by Daniel Kniaz and Russell Martin, Weel’s easy-to-use web and mobile app includes instant virtual corporate cards, bill pay, card controls and budgeting, a real-time transaction feed, automated expense reports, powerful accounting integrations, subscription spending management, mobile reimbursements, and exclusive rewards. Businesses use the Weel platform to manage over $250 million in annual spend. For more information, visit www.letsweel.com.