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To simplify how businesses trade together.
In recent years, payment options for consumers have become extensive and innovative, but B2B payments have failed to improve alongside them. Nook’s platform simplifies payments and invoicing for small and medium-sized businesses, allowing them to automate finance operations and focus on business growth.
Founded in 2020, Nook’s platform was built to bring business payments up-to-pace with the digital era. It integrates with a client’s existing bookkeeping tech, allowing them to process, approve and pay invoices without having to log into accounting software or online banking. Other functions included supporting multiple currencies, being able to delegate approvals, and, most interestingly, the chance to protect against fraud by inviting suppliers to get verified on Nook, creating a trusted payments network.
Nook has raised significant early funds, showing the positive reception that its platform has had in the space. The investment will go towards hiring additional talent, developing its product, and increasing marketing and sales activity.
Freddie
Company Specialist at Welcome to the Jungle
Oct 2021
$1.1m
SEED
This company has top investors
Joe Lines
(Co-Founder & CEO)Former Head of Business Development at Mezzo Labs. Co-founded Eastbound Ltd. and PeakandFlow.
Henry Arnold
(Co-Founder)Worked as Engagement Manager at McKinsey and Company. Previously the Director of Analytics at Starcom, Lead Big Data Developer at Marks and Spencer.