London-Based Startup Nook Raises £800,000 In Pre-Seed Funding To Transform B2B Payments
10/27/21, 8:00 AM
Location
londonMoney raised
£800,000
Round Type
pre-seed
While consumer payments options have exploded in the past few years, comparatively fewer strides were made in the B2B industry. To reinvent business payments, the London and Libson based startup Nook offers its platform, which aims to simplify SME payments and invoicing. The company has now raised a notable £800,000 in its latest pre-seed round.
Company Info
Location
london, ontario, canada
Additional Info
The company has now raised a notable £800,000 in its latest pre-seed round. The company will use the fresh funds to further add new talent to its engineering and product team. “The company ended up paying out $3m dollars in invoice fraud and it got us thinking about how archaic B2B payments were, which made it easy to perpetuate fraud.