WelPay — Debt · €1.8M

Then branded Roiward (legal entity Rewardwave SL), the company secured €1.8M of working-capital financing from Banco Santander, extendable depending on performance, to fund its European expansion; press reported the facility at up to €2M. It is bank debt rather than equity, taken on top of its 2023 seed round with Itnig and Abac Nest still on the cap table. The company reported €11M of transaction volume in 2024 and targeted €55M for 2025.