# Weel

> Weel (formerly DiviPay) is a Sydney-based fintech that gives Australian and New Zealand finance teams an all-in-one corporate card and spend management platform. It combines virtual and physical Visa cards, budget controls, approval workflows, accounts payable automation and AI-powered receipt and invoice capture so businesses can track every expense - from a coffee to a large invoice - in real time and sync it straight to their accounting system.

- **Founded:** 2016
- **Headquarters:** Sydney, Australia
- **Founders:** Daniel Kniaz (Co-founder & CEO), Russell Martin (Co-founder & CTO)
- **Team size:** ~55 employees
- **Products:** Corporate & Virtual Cards, Expense Management, Accounts Payable / Bill Pay, Reimbursements, Subscription Management
- **Notable:** Processed over $1B in cumulative business payments (2024), Grew from $250M annual payments (2022) to $500M (2024), Reported 300%+ year-on-year growth around its Series A

## Products & services

- **Corporate & Virtual Cards** — Instantly issued virtual and physical Visa business debit cards with enforced spend limits, Apple Pay support and fuel cards.
- **Expense Management** — Real-time transaction feed, mobile receipt scanning, spend policies, budget controls and expense reporting.
- **Accounts Payable / Bill Pay** — AI-powered OCR that extracts invoice data, detects duplicates and automates approvals and batch payments.
- **Reimbursements** — Employee out-of-pocket claims captured and reimbursed inside the same platform.
- **Subscription Management** — Consolidate, track and cancel recurring software and vendor subscriptions.
- **Approval Workflows & Budgets** — Multi-level custom approval workflows and budget controls that enforce policy before money is spent.
- **Accounting Integrations** — Two-way sync with Xero, MYOB, QuickBooks, NetSuite and Sage Intacct, plus an open API.
- **Multi-currency & International Payments** — Multi-currency cards and international invoice payments powered by Nium and Visa.

## Achievements

- Processed over $1B in cumulative business payments (2024)
- Grew from $250M annual payments (2022) to $500M (2024)
- Reported 300%+ year-on-year growth around its Series A
- Recognised as a UNSW alumni-founded startup that raised US$10M+
- Rebranded DiviPay to Weel in 2022 with agency Re (M&C Saatchi Group)
- Capterra rating of 4.4/5

## Latest updates

- **2022-09** — DiviPay rebranded to Weel, unveiled at Xerocon Sydney, with a new identity built around 'collective accountability'.
- **2024-03** — Announced strategic partnership with Nium and Visa for multi-currency cards and global expansion; passed $1B in total payments processed.
- **2024** — Expanded product into accounts payable automation, subscription management and Purchase Orders (Beta).
- **2025** — Continued rollout of AI agents and AI-powered OCR across expense and invoice workflows.

## Links

- Website: https://letsweel.com
- LinkedIn: https://www.linkedin.com/company/letsweel
- Twitter/X: https://x.com/letsweel
- YouTube: https://www.youtube.com/@letsweel
- Instagram: https://www.instagram.com/letsweel
- Facebook: https://www.facebook.com/letsweel
- TikTok: https://www.tiktok.com/@letsweel

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Profile page: https://yespress.io/weel
Published by YesPress — https://yespress.io
Last updated: 2026-07-24