Navro secures £11.1m in Series A follow-on funding led by Bain Capital and Unusual Ventures to bolster regulatory reserves.
The London fintech firm raised the capital from backers including Bain Capital and Unusual Ventures to satisfy tier-one regulatory requirements.
Navro provides a global payments curation platform that simplifies international transactions for growing businesses. The London based fintech firm operates through a single API and contract to connect firms with regional payment services.
Navro has secured £11.1m in a Series A follow-on funding round led by Bain Capital and Unusual Ventures, with participation from Motive Partners and Fin Capital. The capital injection coincides with the company obtaining an Electronic Money Institution licence from the Central Bank of Ireland, following a similar authorisation from the UK regulator. Formerly known as Paytrix, the firm will use the funds to strengthen its reserves and meet regulatory capital requirements as it expands its international footprint.
Use of funds
- 01Scale operations
