Apron, a London, UK-based business payments company, raised a $30m Series B funding round.
The round was led by Zinal Growth, with participation from existing investors Index Ventures, and Bessemer Venture Partners, alongside investor Tony Fadell, inventor of the iPod and Principal at Build Collective.
The company intends to use the funds to expand product and engineering teams ahead of major expenses management launch and development of product range for larger business customers.
Led by Bogdan Uzbekov, Founder & CEO, Apron provides a payments platform for small businesses to digitise and simplify their payments processes whether capturing invoices, enabling collaboration for approvals, or combining long lists of invoices into one batch pay solution.
Through its proprietary payments platform, Apron enables customers to pay anyone, whether its employees or suppliers anywhere in the world. Apron also integrates with a business’s existing accounting tools (Xero or Quickbooks) for instant payment reconciliation.
Today, thousands of invoices and millions in payments pass through the platform daily, helping more businesses save time and get back to doing what they love.
FinSMEs
25/09/2024