UK fintech Apron secures $30m in Zinal Growth-led Series B
Apron, a UK-based fintech specialising in invoice processing solutions for small and medium-sized enterprises (SMEs), has bagged $30 million through a Series B funding round.
Apron lands $30 million Series B led by Zinal Growth
The round was spearheaded by London-headquartered VC firm Zinal Growth, alongside existing backers Bessemer Venture Partners and investor Tony Fadell, the inventor of the iPod and principal at Build Collective.
In addition, previous shareholder Index Ventures, who led Apron’s $15 million Series A in September 2023, also took part in the raise.
Founded in 2021 by former Revolut product lead Bogdan Uzbekov, Apron offers a proprietary platform that enables businesses to pay employees or suppliers globally while integrating with existing accounting systems for instant payment reconciliation.
Since landing its Series A, Apron reports a more than 20-fold increase in the number of SME clients it serves.
Apron plans to use its latest funding to expand its engineering and product teams, as well as to launch a new offering designed for larger suppliers who issue invoices to “thousands” of SME customers.
In addition, the company will introduce a new expense management solution for SMEs, said to complement its existing Bill Pay product and address growing demand “for alternatives to market incumbents”.
