Funding

[Funidng alert] UK-based Navro Secures USD14Million in Funding

Feb 10, 2024 | By Startup Rise EU

UK-based Navro secures USD14million in funding. Leading the round were Unusual Ventures, Bain Capital, and Motive Partners, with previous investor Fin Capital also participating.

UK-based Navro secures USD14million in funding. Leading the round were Unusual Ventures, Bain Capital, and Motive Partners, with previous investor Fin Capital also participating.

The money will be used by the corporation to boost reserves and meet bank, customer, and tier-one regulator capital requirements.

Read also - Copenhagen-based Pluto.markets Secures €2.4 Million in Funding

Under the direction of CEO Aran Brown, Navro offers internet companies a payments curation platform to manage their expansion into international countries with just one contract and one API. The Central Bank of Ireland has approved the company's EMI license, the company is also announcing.

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Aran Brown said: “International payments are a pain point across a range of industries including e-commerce, marketplaces, and online platforms such as payroll and pensions to name just a few. These are sectors that need to cater for complex layers of incoming and outgoing payments, to and from large volumes of businesses and individuals, and across multiple jurisdictions. Getting the licences in Ireland and the UK sets us up wonderfully for 2024 and means that international businesses can now use our solution to remove these headaches in a regulated environment.”

About Navro

Navro offers businesses access to the world's top payment infrastructure through a single contract and API, facilitating them seamless expansion into international markets. eradicating barriers and facilitating smoother business scaling than ever before.

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