Apron secures $15m in Series A funding led by Index Ventures to expand its team
The financing round was led by Index Ventures with backing from Bessemer Venture Partners and Visionaries Club.
≈ £12.3M at $1 = £0.8194 on 28 Sep 2023
Apron provides a fintech platform designed to streamline invoice payments and processing for small businesses.
London-based fintech startup Apron has secured $15m in Series A funding to expand its team. The round was led by Index Ventures, with participation from Bessemer Venture Partners and Visionaries Club.
Founded in 2021 by former Revolut product leader Bogdan Uzbekov, Apron integrates with existing accounting software to help small business owners manage supplier invoices across multiple currencies. The new capital will be used to grow the company's current team of 20 professionals.
From the founder
"Apron puts itself in the position of all these users – accountants, business owners and suppliers – and instead of trying to solve business payments from just one perspective, we create a town square where they can all come together to move money as smoothly as possible. We want to flip payments from being a blocker to being a booster: something that can be done quickly, securely and even give you a sense of joy and satisfaction."
Bogdan Uzbekov
Founder and CEO at Apron
Investor perspective
"The needs of SMBs have been ignored for too long. Bogdan’s team have realised that if you build an amazing product, it will spread organically and at speed among small businesses and accountants. Apron have not just built a technically exceptional back-end payments platform: combined with their unique focus on the product experience for end-users, they have the potential to redefine how people pay invoices everywhere."
Jan Hammer
Partner, Index
Use of funds
- 01Grow the team
