3 years ago

Payable Raises €6 Million to Modernize Payment Processes

  • Payable, a London-based fintech startup, has secured €6 million in seed funding to streamline payment operations and automate business bank transfers for the internet economy

  • The round was co-led by CRV and Earlybird Venture Capital with participation from Conversion Capital, Clocktower Ventures, and angel investors including Francesco Simoneschi, Hristo Borisov, Nik Milanović, Bitpanda founders, Dileep Thazhmon, and other founders and operators in the space

  • Payable aims to modernize and update processes for finance teams by providing an API and a dashboard that enables marketplaces, lenders and fintechs to manage money movement from a single interface, solving payment reconciliation for companies' data-matching products and integrating with corporate bank accounts.

      • ProblemFinancial Services

      "Companies have to deal with complex payment processes, using multiple methods and software tools, leading to inefficient and stressful finance teams."

      Solution

      "Payable's platform streamlines payment operations and automates business bank transfers, enabling companies to manage money movement from a single interface."

      Covered on