Payable secures £5.5m in seed funding co-led by CRV and Earlybird to expand operations
The seed round was co-led by CRV and Earlybird to support team expansion and new banking integrations.
Payable provides payment operations software designed to streamline financial workflows and automate business bank transfers. The remote first firm operates from a London headquarters.
Payable has secured £5.5m in seed funding to scale its organisation and expand operations across the UK and Europe. The investment round was co-led by CRV and Earlybird, with participation from a range of venture firms and notable angel investors.
The company provides an API and dashboard that helps marketplaces, lenders, and fintechs manage money movement and reconciliation from a single interface. The capital will be deployed to build out the team and add new banking integrations in domestic and international markets.
From the founder
"We literally watched them use a spreadsheet with one hand to count payments and cash with a bank file on the other hand to manually send money to their customers. It was both inefficient and antiquated. Once we saw the problem, we knew there had to be a better way and became determined to create it."
Daniel Yubi
CEO at Payable
Investor perspective
"What excited us most about investing in Payable is that Daniel understands the core problem fintechs struggle with and has created a platform that can automate the entire payment lifecycle,"
James Green
partner, CRV
Use of funds
- 01Grow the team
- 02Expand into international markets
