Waivr
The business, the turning points, and the decisions behind them.
Some sections are still being researched2 / 4
Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company did
Waivr was a Los Angeles-based fintech founded in 2020, with the slogan 'Modernizing the debit payments infrastructure'. It aimed to bring open banking and modern payment rails to digital consumer-to-business payments, starting with subscription businesses, buy-now-pay-later providers and other businesses that transact with customers on a recurring basis. The company argued that card networks, built in the 1950s, were a poor fit for the subscription economy's recurring payments.
02 / FAILURE REASONS
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03 / EVENT HISTORY
Events in the structured record
- Founded
Waivr is founded in Los Angeles to modernize debit payments infrastructure with open banking.
- Pre-seed round
Waivr raises a $1.4 million pre-seed round from Forum Ventures, Hustle Fund, Costanoa Ventures, CRV, NextView Ventures and others.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
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Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
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