Navro Raises USD14M in Funding
Summary
The company intends to use the funds to increase its reserves and satisfy the capital requirements of tier-one regulators, clients and banks. Led by CEO Aran Brown, Navro provides a payments curation platform for online businesses to navigate their growth into foreign markets, all through one contract and one API. Commenting on the news, Aran Brown said: “International payments are a pain point across a range of industries including e-commerce, marketplaces, and online platforms such as payroll and pensions to name just a few. These are sectors that need to cater for complex layers of incoming and outgoing payments, to and from large volumes of businesses and individuals, and across multiple jurisdictions. Getting the licences in Ireland and the UK sets us up wonderfully for 2024 and means that international businesses can now use our solution to remove these headaches in a regulated environment.”