What does Navro do?
Navro is a London-based fintech that provides a platform to reduce the cost, complexity, and compliance burden of cross-border transactions. Its solutions enable businesses to collect funds locally, hold, convert, and make payouts in multiple currencies across over 200 countries.
How much did they raise?
The company raised $41M in a Series B funding round led by Jump Capital with participation from Bain Capital Ventures, Motive Partners, and Unusual Ventures.
What are their plans for the money?
Navro intends to use the funds to extend its operations into key markets such as the USA, Hong Kong, Dubai, and India while integrating more local payment options worldwide, potentially boosting its global payment network.
What have they achieved so far?
The company has already achieved significant progress by enabling local fund collections in 35 locations and supporting transactions in over 200 countries and 140 currencies, serving sectors like payroll, pensions, and workforce management.
