Weavr, the London-based startup that allows businesses to integrate banking and payments into their mobile apps or SaaS platforms, has acquired open banking B2B platform, Comma Payments.

With Comma, Weavr claims to have become the first integrated finance provider to combine Banking as a Service (BaaS) and Open Banking in one integrated payments solution for B2B applications, from payroll, accounts payable and other major forms of payment.

“Open Banking and BaaS represent the two most innovative trends in finance right now, and it’s exciting to finally bring them together into one powerful solution. As a company committed to breaking new ground in this field, we’re delighted to be the first to offer a solution of this kind and feel confident that our customers will immediately benefit from greater functionality and a more seamless onboarding process.”

Alex Mifsud, co-founder and CEO of Weavr.

He says the combination will allow customers to seamlessly transfer payments through their own existing bank accounts to do so through Weavr-powered accounts, providing Richer payment options and controls.

The deal follows Weavr’s $40 million Series A deal last February. Since then, the company has tripled its user base and seen a 340% increase in the number of transactions through its platform.

The largely equity-based acquisition will allow Weavr to retain much of Comma’s current workforce, including the company’s CEO and founder, Tom Beckenham, and chief technical officer Gianluca pengo.