4 years ago

Nook Raises €950K to Simplify B2B Payments

  • Nook, a London- and Lisbon-based fintech startup, has raised €950K in a pre-seed round led by Speedinvest and TriplePoint

  • The funding will be used to expand the product and engineering team, evolve the product, and develop sales and marketing activities

  • Nook's platform aims to simplify B2B payments by enabling businesses to exchange accounting data, enforce contracts, and manage payments

  • The startup is currently focused on the UK market.

      • ProblemTechnology

      "B2B payments are still stuck in the past, relying on insecure and costly PDF invoices and emails. This makes it difficult for businesses to manage their finances and can lead to fraud."

      Solution

      "Nook is a trade collaboration platform that simplifies B2B payments by integrating with existing accounting software and bank accounts. It automates invoice extraction, approval, and payment, making the process faster, more secure, and more efficient."

      Covered on