About Nook
Nook is a company based in London (United Kingdom) founded in 2015 by Henry Arnold and Joseph Lines was acquired by Modulr Finance in November 2024. It operates as a SaaS (Software-as-a-Service). Nook has raised $1.1 million across 2 funding rounds from investors including Notion, Modulr Finance and Speedinvest. The company has 4 employees. Nook offers products and services including Modulr AP. Nook operates in a competitive market with competitors including Razorpay, Bill.com, KonfÃo, Zaggle and AvidXchange, among others.
- Headquarter London, United Kingdom
- Employees 4
- Founders Henry Arnold, Joseph Lines
- SectorsTechnology
- Website nook.io
- Acquired by Modulr Finance (Nov 2024)
- Legal Name Payaable Ltd
- Date of Incorporation 02 Oct, 2020
- Jurisdiction LONDON, ENGLAND
- Total Equity Funding$1.1M (USD)
in 2 rounds
- InvestorsNotion
& 8 more
- Employee Count4
- Acquired byModulr Finance
(Nov 2024)
Products & Services of Nook
Nook offers a comprehensive portfolio of products and services, including Modulr AP.
Accounts payable automation is provided for efficient workflows.
Funding Insights of Nook
Nook has successfully raised a total of $1.1M across 2 strategic funding rounds. 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 $1.1M
- Total Rounds 2
- First Round $1.1M
(Jun 2021)
- Investors Count 8
All 2 funding rounds of Nook with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2023 | – | Seed | – | – | |
| Jun 2021 | $1.1M | Seed | – | Speedinvest, Triple Point |
9 investors in total: 6 institutional and 3 angel.
Investors in Nook
Nook has secured backing from 9 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Notion, Modulr Finance and Speedinvest.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage venture capital and startup acceleration are provided. | 2011 | speedinvest.com | Vienna, Austria | |
Provider of investment management services | 2004 | triplepoint.co.uk | London, United Kingdom | |
Ascension is recognized as a venture capital firm focused on early-stage tech investments. | – | ascension.vc | London, United Kingdom | |
- | – | shilling.vc | - | |
Cloud-based software for enterprise collaboration and project management is provided. | 2013 | notion.so | San Francisco, United States | |
MK Michael Kent | - | – | unknown_a463e03c79524f5cb | - |
EB Emre Baran | Angel investor, ex-CEO of Dolap, active in Indian startup ecosystem | – | unknown_63575fb06ed840128 | - |
CD Charles Delingpole | Founder of ComplyAdvantage, angel investor in Indian startups, fintech expert | – | unknown_22389f17de554f728 | - |
API-enabled payments infrastructure is provided for business integration. | 2015 | modulrfinance.com | London, United Kingdom |
Investor details for Nook
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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- Investor portfolios
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People of Nook
2 people are tracked at Nook (2 in leadership); the tracked headcount is 4.
| Name | Role | Group |
|---|---|---|
Henry Arnold | Co-Founder | Leadership |
Joseph Lines | Co-Founder & CEO | Leadership |
Complete people profiles for Nook
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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Timeline of Nook
4 dated milestones of Nook across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Nook is founded.
- Funding First funding round of $1.1M.
- Funding Latest funding round, Seed,.
- Exit Acquired by Modulr Finance.
Competitors of Nook
Nook 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 Razorpay, Bill.com, KonfÃo, Zaggle and AvidXchange, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| razorpay.com | 2014 | Bengaluru, India | $742M | 2,641 | Payment and business banking solutions are provided for enterprises. | |
| bill.com | 2006 | Palo Alto, United States | $325.6M | 1,384 | Cloud-based accounts payable and receivable software for businesses | |
| konfio.mx | 2014 | Miguel Hidalgo, Mexico | $378M | – | Financial solutions platform provider | |
| zaggle.in | 2011 | Hyderabad, India | $13.75M | 440 | Business spends, payments, and rewards are streamlined by automated workflows. | |
| avidxchange.com | 2000 | Charlotte, United States | $1.18B | 1,714 | Accounts payable and payment automation solutions are offered for businesses. | |
| ziphq.com | 2020 | San Francisco, United States | $333.28M | 218 | Cloud-based purchase approval management software is provided for businesses. | |
| getnelly.de | 2021 | Berlin, Germany | $71.64M | 46 | Digital administrative tasks and billing management tools for providers | |
| stampli.com | 2014 | Mountain View, United States | $145M | 30 | Cloud-based accounts payable automation is delivered for businesses. | |
| payground.com | 2010 | Gilbert, United States | $29.33M | – | Cloud-based invoice payment solutions are provided to businesses. | |
| levelset.com | 2005 | New Orleans, United States | $48.44M | 138 | Levelset is focused on construction payment and lien rights management. |
Detailed competitors of Nook
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Nook
The website of Nook (nook.io) receives about 9.3K visits a month.
- Monthly visits9.3K
▲ 50.6% vs previous month
Latest news on Nook
Complete news archive for Nook
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
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- Brand-specific news history
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Similar companies to Nook
10 companies that operate in the same segment as Nook (Finance & Accounting Applications), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 2,360 | |
Corporate travel and expense management are facilitated through SaaS platform. | 2015 | Palo Alto, California, United States | USD 1.58 B | USD 3.52 M | 847 | |
Financial and accounting software is developed for businesses and individuals. | 1983 | Mountain View, California, United States | USD 49.62 M | USD 21.45 B | 18,200 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 3.21 B | – | – | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 | |
Subscription-based online banking is offered to SMEs and freelancers. | 2017 | Paris, France | USD 717.15 M | – | – | |
Cloud-based ERP software is provided for business management across segments. | 1996 | Oslo, Oslo, Norway | USD 198.09 M | – | – | |
Payflow is recognized as a financial wellness application for employees. | 2020 | Alcobendas, Comunidad De Madrid, Spain | USD 58.23 M | – | – | |
Cloud-based HR and payroll solutions are offered for small businesses. | 2012 | San Francisco, California, United States | USD 718.35 M | – | – |
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Frequently Asked Questions about Nook
Nook was founded in 2015 and raised its 1st funding round 6 years after it was founded.
Nook is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Joseph Lines is the current CEO of Nook. They have also founded this company.
Nook is a funded company, having raised a total of $1.1M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.1M, raised on Jun 2021.
Nook has 4 employees.
Nook has been acquired by Modulr and is rebranded as Modulr AP, focusing on accounts payable automation. The platform is designed to streamline payment workflows by eliminating manual tasks and reducing errors. It offers enhanced visibility and control over financial outgoings for businesses. The solution, powered by Modulrs payment infrastructure, is set to launch in early 2025 as an end-to-end tool for invoice management and automation in the financial technology sector.
Nook offers Modulr AP.
Nook has 9 investors. Key investors include Notion, Modulr Finance, Speedinvest, Triple Point, and Ascension.
Nook operates through Payaable Ltd.
Yes. Nook was acquired by Modulr Finance in November 2024.