London-based Apron Raises $5.5M for B2B Payments Platform
Apron, a B2B payments platform based in London, UK, has recently raised $5.5M in seed funding. The funding round was led by Bessemer Venture Partners, and also included angel support from the founders of Melio and Klarna. With the funds raised, Apron aims to expand its team, further develop its product offerings, and expand its reach to more businesses.
The company, spearheaded by Founder and CEO Bogdan Uzbekov, is driven by a mission to provide a simple and efficient supplier payments platform geared specifically towards small businesses.
Apron's platform offers a range of useful features for businesses: users can handle invoices, batch pay suppliers, smooth out approvals, and automatically reconcile their payments. Moreover, the platform integrates seamlessly with existing workflows and connects to the software users are already using. As a result, there's no need for a separate wallet, and payments go directly from one bank account to another without the need for top-ups or extra reconciliations.
With coverage across more than 150 countries and 30 currencies, Apron provides a highly flexible and easy-to-use platform for businesses with a global reach. By simplifying and streamlining the payments process, Apron enables small businesses to focus on what they do best: growing and thriving in their respective markets.
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