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 as of December 31, 2022. Nook offers products and services including Modulr AP. Nook operates in a competitive market with competitors including Razorpay, Bill.com, Konfío, Zaggle and AvidXchange, among others.
- Headquarter London, United Kingdom
- Employees 4 as on 31 Dec, 2022
- Founders Henry Arnold, Joseph Lines
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Sectors
Technology
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Phone
Locked
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Website
Locked
- Legal Name Payaable Ltd
- Date of Incorporation 02 Oct, 2020
- Jurisdiction LONDON, ENGLAND
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$1.1 M (USD)
in 2 rounds
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Latest Funding Round
Not available
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Investors
Notion
& 8 more
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Employee Count
4
as on Dec 31, 2022
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Acquired by
Modulr Finance
(Nov 19, 2024)
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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.
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.
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Early-stage venture capital and startup acceleration are provided.
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Provider of investment management services
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Ascension is recognized as a venture capital firm focused on early-stage tech investments.
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Investor details for Nook
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Investments & Acquisitions by Nook
Investment portfolio details for Nook
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Financial Statements - Nook
Detailed financials for Nook
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Nook Comparisons
Peer comparison for Nook
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
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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, Konfío, Zaggle and AvidXchange, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Payment and business banking solutions are provided for enterprises.
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Cloud-based accounts payable and receivable software for businesses
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Financial solutions platform provider
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Business spends, payments, and rewards are streamlined by automated workflows.
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Accounts payable and payment automation solutions are offered for businesses.
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Cloud-based purchase approval management software is provided for businesses.
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Detailed competitors of Nook
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Latest news on Nook
Complete news archive for Nook
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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.
As of Dec 31, 2022, the latest employee count at Nook is 4.
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.