What is Payable?
Founded in 2022 and headquartered in London, England, Payable offers a sophisticated payments operations platform designed to assist finance and engineering teams. The platform enables companies to efficiently track, reconcile, and move money, thereby optimizing their financial workflows. By providing robust tools for payment operations, Payable addresses critical needs in managing complex financial transactions, positioning itself as a key player in the fintech sector.
How much funding has Payable raised?
Payable has raised a total of $6.1M across 1 funding round:
Other Financing Round
$6.1M
Other Financing Round (2022): $6.1M with participation from Earlybird and Crv
Key Investors in Payable
Earlybird
Earlybird is a venture capital investor with a focus on European technology innovators, investing in sectors such as technology and medical. They are known for backing promising startups and established tech companies.
Crv
CRV is a global cattle improvement company focused on selective breeding and providing value to farmers through advanced agricultural technologies. Their investment in Payable suggests a diversified investment strategy beyond their core agricultural focus.
What's next for Payable?
The recent major strategic investment signals a pivotal moment for Payable, likely indicating a transition into a scaling phase. This substantial backing from investors suggests confidence in the company's business model and its potential for significant market penetration. Payable is expected to leverage this capital to enhance its platform capabilities, expand its customer base, and potentially explore new market opportunities, further solidifying its role in the business payments ecosystem.
See full Payable company page
