A London-based FinTech aiming to simplify international payments for businesses has raised £31m in Series B funding to accelerate global expansion plans and connect more local payout and collection services worldwide.
Navro saw the round led by Jump Capital, with participation from Bain Capital Ventures, Motive Partners, and Unusual Ventures.
The fresh capital will power the firm’s ambitious growth strategy for 2025 and beyond, which includes extending operations into more US states, Dubai, Hong Kong and India.
In the coming months, the Navro payments curation platform will integrate 30+ digital wallets, more ACH corridors and more new real-time payment options.
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“Our vision is empowering businesses to transact like locals wherever they are. The Navro platform has been built from scratch to handle both the operational intensity and regulatory complexity surrounding large volumes of incoming and outgoing international transactions,” said Aran Brown, CEO of Navro.
“The next round of expansion goes into and beyond the world’s financial hubs. We’re seeing increasing demand for fast, reliable cost-effective payouts on local rails in compliance-driven sectors such as global workforce and supplier payments, and pensions.“
The Navro platform supports cross-border collections, currency conversion, and global payouts while reducing working capital requirements by up to 70%.
It is now processing workforce and supplier payments for hundreds of large corporations and more than 1,000 pension schemes.
Robert Hutchins, partner at Jump Capital, added: “We’ve spent some time looking for a payments platform that truly understands the nuanced, technical, and regulatory challenges of global payouts.
“Navro not only grasps this complexity, it’s building the infrastructure to solve it. Aran and the team bring a rare combination of deep market insight, executional rigor, and product clarity that we believe sets them apart in this space.”