Apron Raises $30 Million in Series B Funding

London-based fintech Apron has successfully raised $30 million in a Series B funding round led by Zinal Growth, with participation from existing investors Index Ventures and Bessemer Venture Partners, as well as tech entrepreneur Tony Fadell. The funding will be used to expand Apron's engineering and product teams and to develop new tools aimed at helping small and medium-sized businesses (SMBs) streamline their payment processes. Apron, founded in 2021 by former Revolut product lead Bogdan Uzbekov, provides a payments platform that allows users to manage invoices and payments efficiently, reducing the time spent on administrative tasks. The startup has seen significant growth, reportedly increasing its customer base more than twentyfold since last year's Series A funding. The newly raised capital will also support the launch of a product designed for larger suppliers, enabling faster payments and a new expenses management tool. Apron's mission focuses on alleviating cash flow issues that plague many SMBs, with the potential to significantly enhance their operational efficiency.