Weel

Assessment

Weel is used by more than 4,000 finance teams in Australia and New Zealand, from small businesses to universities, schools, aged care providers, and disability service providers. It issues virtual, physical, and subscription cards without a per-card fee, captures receipts with an AI assistant, routes approvals, and automates accounts payable and reimbursements. Pricing is posted: Basic is $135 a month for five people with $10 for each extra person, and Standard is $375 a month for ten people, both before GST, while Advanced is quoted. Foreign exchange costs 0.95%. Its main competitors are Volopay, Pleo, Soldo, and Spenda.

The company began as DiviPay, founded by Daniel Kniaz and Russell Martin after they met in the innovation team at Westpac, and it launched to consumers in 2017 before moving to business spend. A December 2021 Series A of A$20 million, which is about $13.8M, funded expansion, and the company rebranded as Weel in September 2022. It integrates with Xero, MYOB, and QuickBooks on Basic, and with NetSuite, Business Central, and other ERPs on Advanced.

It fits a small or mid-sized ANZ business that wants a clear monthly price and strong accounting links. It is a weaker fit for a company outside Australia and New Zealand, or one that needs procurement workflows beyond a purchase order beta.

Rating by criterion

We score each of the eight criteria out of 100.

Sector criteria

Vendor criteria

Against its peers

These are the other companies in business banking and treasury, with their ratings.

User comments

These buyer-oriented points draw on Weel’s pricing and product pages and on its Series A announcement.

• Upside

  “Unlimited cards at one monthly price meant we could give every project lead a card without adding cost.”

• Upside

  “Expenses land in Xero already coded, so our bookkeeper stopped chasing receipts.”

• Downside

  “Basic caps expense records at 50 a month and charges $0.75 for each one after that, which added up for our busier team.”

Where customer reviews couldn't be found, our analysts attempted to give a voice to buyer sentiment, drawing on real information from review sites, forums and product documentation. We omit sites where vendors pay to be featured or pay for a review, plus any review the site flags as incentivized.

Based on: Weel pricing; Weel about page; Weel Series A announcement.

Fact file

Competitive landscape

Spend management platforms an Australian or New Zealand business would compare with Weel.

• Weel76
• Soldo82
• Pleo79
• Expensify78
• Volopay74
• Spenda62

Comparisons

• Volopay vs Weel: Features, Coverage and Pricing Compared (2026)

Key leadership

• Daniel Kniaz

Daniel Kniaz founded Weel, then called DiviPay, and is chief executive. He earlier worked in the innovation team at Westpac.

How this review was created

This profile gives our own assessment of Weel to companies selecting a Business banking & treasury provider. The Fintech Index receives nothing for featuring a firm, for sponsorship, or for advertising, and Weel gave us no payment for the profile.

The rating equals the average of eight criteria, with every criterion running from 0 to 100. Four address buyer needs in this sector, and four address the company together with its commercial terms.

Ratings are our editorial judgment, made from public information: pricing and legal pages, product documentation, compliance disclosures, public reviews and filings. Fact-checking took place on November 11, 2026. Figures reported in Australian dollars were converted to US dollars at the Federal Reserve H.10 rate of $0.6875 per Australian dollar on November 6, 2026.