BILRS secures pre-seed investment from Haatch to develop cross-border payments
The pre-seed funding comes from venture capital firm Haatch to support platform development.
BILRS builds cross-border bill payment solutions designed to bring transparency to the money remittance market.
BILRS has secured pre-seed investment from venture capital firm Haatch to accelerate its mission of bringing transparency to money remittance markets. The capital will support the company as it further develops its platform and expands its market reach.
The startup provides a single integration platform that allows retail and digital players in the cross-border sector to offer direct bill payments. The team brings deep domain expertise from decades in mobile and payments, having already secured partnerships in the Middle East and North Africa region.
Haatch backed the company following strong endorsements from its network regarding the founding team's execution capabilities. The partnership aims to scale the business and enhance its product capabilities for international markets.
From the founder
"We are incredibly excited about the future of BILRS and the opportunity this partnership with Haatch represents. This investment will empower us to enhance our platform’s capabilities, better serve our customers, and continue our mission of enabling purposeful remittance. We are grateful for the confidence that Haatch has shown in our vision, and we look forward to the remarkable progress we will achieve together."
Rupert Shaw
CEO at BILRS
Investor perspective
"We are thrilled to be investing in BILRS at this early but exciting stage. BILRS offers a single integration platform for retail and digital players in the cross-border space to offer direct bill payment seamlessly and transparently. They’ve already demonstrated their effectiveness and value by partnering with one of the largest digital players in MENA, already driving huge volumes. The team bring relevant domain capabilities and a global network from decades spent operating and leading in mobile and payments commercially and technically. We were impressed with Rupert from the very start, heard great things from our network on his ability to execute and look forward to working with him as the company grows and scales."
Jeremy Luzinda
Principal, Haatch
Use of funds
- 01Continue product development
- 02Expand into international markets