UK-based embedded finance provider Weavr, which acquired B2B Open Banking platform Comma Payments earlier this year, has announced the closure of the Comma app.
The app is due to close on 30 November this year, with Weavr set to provide further communication before then.
In a blog post, Comma’s founder Tom Beckenham, wrote: “As part of Weavr, Comma is evolving into an embedded finance solution other software companies can embed into their applications to provide the same functionality.
“As part of our commitment to embedded finance, Weavr does not deliver any of its financial solutions directly to customers. Therefore, we wish to advise of the closure of the Comma app on the 30th November 2023.”
Weavr acquired Comma in March this year, and at the time, Alex Mifsud, co-founder and chief executive officer of Weavr, said: “Comma has created the best B2B Open Banking payment solution we’ve ever seen, which is now available to our users.”
In the blog post about the app’s closure, Beckenham said: “Weavr acquired Comma in March this year as both companies have an aligned mission to provide the easiest way for businesses to access financial services at the point of need.
“Together, we believe payments should be seamlessly integrated into the software people routinely use every day. From accounting to expense management and beyond, many software products can offer enhanced user experiences with the addition of financial services.”
Beckenham said that Comma users “specifically looking for a new payments app” could consider providers including Crezco, Telleroo, Nook and Apron.
“We would like to take this opportunity to express our deepest gratitude to the remarkable community that has supported Comma over the past three years. We truly appreciate each and every member of that community,” he added.