About Apron
Apron is a company based in London (United Kingdom) founded in 2022 by Bogdan Uzbekov. It operates as a SaaS (Software-as-a-Service), and FinTech. Apron has raised $50.5 million across 3 funding rounds from investors including Bessemer Venture Partners, Zinal Growth and Index Ventures. The company has 5 employees as of December 31, 2022. Apron offers products and services including Invoice Capture, Bill Pay, and Apron Card. Apron operates in a competitive market with competitors including Tipalti, Previse, Obillex, Sweep and Fawaterk, among others.
- Headquarter London, United Kingdom
- Employees 5 as on 31 Dec, 2022
- Founders Bogdan Uzbekov
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Sectors
TechnologyFinancial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Apron Payments Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$50.5 M (USD)
in 3 rounds
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Latest Funding Round
$30 M (USD), Series B
Sep 25, 2024
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Investors
Bessemer Venture Partners
& 4 more
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Employee Count
5
as on Dec 31, 2022
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Products & Services of Apron
Apron offers a comprehensive portfolio of products and services, including Invoice Capture, Bill Pay, and Apron Card. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Invoices and receipts are digitized quickly using AI technology.
Batch payments to suppliers and employees are streamlined efficiently.
Expense cards are issued with controlled spending limits automatically.
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Funding Insights of Apron
Apron has successfully raised a total of $50.5M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $30 million completed in September 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $30.0M
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First Round
First Round
(13 Jun 2023)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2024 | Amount | Series B - Apron | Valuation | Zinal Growth | |
| Sep, 2023 | Amount | Series A - Apron | Valuation | Index Ventures | |
| Jun, 2023 | Amount | Seed - Apron | Valuation | Bessemer Venture Partners |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Apron
Apron has secured backing from 5 investors, including venture fund and angel investors. Prominent investors backing the company include Bessemer Venture Partners, Zinal Growth and Index Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Tech investments are managed by Zinal Growth, a single-family office.
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Founded Year | Domain | Location | |
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Venture capital investments in technology startups and entrepreneurs.
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Founded Year | Domain | Location | |
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Venture capital investments and support for entrepreneurs in technology and innovation sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Apron
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Apron
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Apron Comparisons
Competitors of Apron
Apron operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Tipalti, Previse, Obillex, Sweep and Fawaterk, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based procurement and invoice management solutions are offered to businesses.
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| domain | founded_year | HQ Location |
Previse is focused on AI-driven financial transaction automation.
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| domain | founded_year | HQ Location |
SMEs are connected with non-bank investors for supply chain financing.
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| domain | founded_year | HQ Location |
AI-based payment and accounting solutions are offered to small businesses.
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| domain | founded_year | HQ Location |
Cloud-based end-to-end business management tools for e-tailers are offered.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Apron
Frequently Asked Questions about Apron
When was Apron founded?
Apron was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Where is Apron located?
Apron is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Apron?
Bogdan Uzbekov is the current CEO of Apron. They have also founded this company.
Is Apron a funded company?
Apron is a funded company, having raised a total of $50.5M across 3 funding rounds to date. The company's 1st funding round was a Seed of $5.5M, raised on Jun 13, 2023.
How many employees does Apron have?
As of Dec 31, 2022, the latest employee count at Apron is 5.
What does Apron do?
Apron Payments Ltd is focused on automating supplier payments, payroll, and expense management for businesses. Services are offered in the financial technology sector, including invoice capture, bill payments, and expense card issuance. Integration with accounting software like QuickBooks and Xero is supported for streamlined bookkeeping. Solutions are designed to save time on administrative tasks, ensuring cleaner financial records and efficient payment processes for businesses and accountants.
What products or services does Apron offer?
Apron offers Invoice Capture, Bill Pay, and Apron Card.
Who are Apron's investors?
Apron has 5 investors. Key investors include Bessemer Venture Partners, Zinal Growth, Index Ventures, Tony Fadell, and Visionaries Club.
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