Navro, the London-based fintech company that streamlines international payments for businesses, has secured $41 million in a Series B funding round to accelerate its global expansion.
Jump Capital led the funding, with additional participation from Bain Capital Ventures, Motive Partners, and Unusual Ventures. The new capital will be utilized to expand operations into more U.S. states, as well as Dubai, Hong Kong, and India. The Navro payments curation platform, which offers access to local payment services through a single platform and API, will integrate over 30 digital wallets, increase ACH corridors, and introduce multiple new real-time payment options in the coming months.
CEO Aran Brown stated, “Our vision is empowering businesses to transact like locals wherever they are. The Navro platform has been built from the ground up to manage both the operational intensity and regulatory complexities associated with high volumes of international transactions. Our next phase of expansion targets not only the world’s financial hubs but also emerging markets. We’re witnessing a growing demand for fast, reliable, and cost-effective payouts on local rails, especially in compliance-heavy sectors such as global workforce payments, supplier payments, and pensions.”
Navro enables clients to collect funds locally in 35 locations, while allowing for holding, converting, and making payouts in over 200 countries and 140 currencies. Currently, Navro processes workforce and supplier payments for hundreds of large corporations and more than 1,000 pension schemes.
“With this new capital, we’re expanding our licensing footprint, integrating faster payment methods, and enhancing our support for customers in regulated industries,” Brown added. “After three years of laying the groundwork, this funding allows us to accelerate our growth into new markets.”