Apron Payments Ltd

Based in London, UK, and founded in 2021, Apron Payments Ltd operates as a financial technology company offering payment solutions. In September 2024, Apron Payments Ltd raised GBP 22 million in series B funding led by returning investor Zinal Growth, with participation from new investor Build Collective. Other returning investors Bessemer Venture Partners, Index Ventures, and an individual investor also participated in the round. The company offers a B2B (business-to-business) platform for streamlining invoicing and payment processes of small businesses.

The platform offers a range of services including handling invoices by pulling them all together in one place and ensuring payments keep moving and batch pay services to suppliers to eliminate the need for manual processing. The other services offered by the platform are to smooth out approval workflows and improve communication within organizations, and automatic reconciliation for seamless integration with popular accounting apps such as Xero and QuickBooks. Additionally, Apron provides payroll management, card payments, and global payments solutions covering over 150 countries and more than 30 currencies. Apron generates its revenue by offering its finTech platform under different subscription plans including a payroll-only plan for free of cost, a basic plan at GBP 29 per month, and Pro plan at GBP 49 per month.

The company plans to use the September 2024 funding to expand its payment services and develop payment technologies.