# Woveo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/woveo

- Industry: Financial Services
- Headquarters: Calgary, Canada
- Website: www.woveo.com/
- Total disclosed funding: $1.7M
- Latest round: Seed (Dec 15, 2023)
- Investors on record: 3

## About

Founded in 2020 and based in Canada, MICC Financial Inc., trading under the name Woveo, operates as a provider of a mobile application that allows users to access low-cost and short-term credit options. In December 2023, Woveo raised CAD 2.3 million in seed funding from Northpine Foundation, Relay Ventures, and BKR Capital, with participation from other unspecified investors.

The company offers a suite of financial solutions for its users designed to address the financial challenges of users with credit scores under 660.

The company’s mobile application platform allows users to save money, access interest-free credit, and build a positive credit history.

The company generates revenue by charging for its premium services, which cost USD 10 per month.

The company plans to use the December 2023 funding to support the development of its product offerings and expansion.

## Funding rounds

- Seed, Dec 15, 2023, $1.7M — Relay Ventures, BKR Capital, Northpine Foundation

## Investors

- Relay Ventures (https://capitalatlas.ai/funds/relay-ventures) — Seed
- BKR Capital (https://capitalatlas.ai/funds/bkr-capital) — Seed
- Northpine Foundation — Seed