WeeFin, a fintech company dedicated to assisting financial institutions with their sustainability strategies, has successfully raised €25 million in a Series B funding round, led by Blackfin Capital Partners.
Founded in 2021 by Grégoire Hug, who previously served as the R&D product manager at BNP Paribas, along with Marion Aubert and Guillaume Klech, WeeFin offers a SaaS platform that consolidates the necessary data for financial services companies to effectively implement and manage ESG (Environmental, Social, and Governance), impact, and climate risk initiatives. The firm has already secured over 40 clients across Europe, including notable names such as Generali Asset Management, Caisse des Dépôts Asset Management, Groupe BPCE, and Malakoff Humanis, with a collective total of €6.9 trillion in Assets under Management (AuM).
In recent years, WeeFin has experienced significant growth, with international sales now contributing 30% of total revenue, a substantial increase from 0% just two years ago. The company’s Annual Recurring Revenue has also risen fivefold during this time period.
WeeFin aims to further extend its reach across Europe by entering new markets, including Luxembourg and Italy, as well as establishing a presence in the UK. The firm has doubled its workforce in the past two years and has plans to hire more than 100 new employees over the next three years.
Grégoire Hug, CEO and co-founder of WeeFin, remarked, “We have always believed that sustainability is a critical and distinctive strategic component for financial institutions. This Series B funding not only reinforces this belief but also underscores the trust our clients have in us and the effectiveness of our platform in addressing their challenges at scale.”