Company: Navro
Co-Founders: Aran Brown (CEO) and Eddie Harrison (Chief Growth Officer)
Website: https://navro.com/
About Navro
Moving money across borders has become one of the most complex parts of running a modern business. Every time you launch in a new market or add a new use case — particularly in payroll — you’re forced to make a series of technical and financial decisions: which rail to use, which bank to partner with, how to handle FX, what the local compliance rules are, and how to monitor risk.
Navro turned that problem on its head in 2022.
In less than four years, Navro has built a payments curation platform that does this thinking for its customers. Instead of assembling and managing a patchwork of providers, payroll providers get one platform that curates and orchestrates the best way to move money for each transaction: the right rail, the right route, the right controls, in the right currency.
Whether it is in payroll, pensions, EOR or eCommerce, teams benefit from one integration, one operating model, and one source of truth for global payments. This results in faster go-lives, fewer failures, better compliance, and a payments stack that keeps pace with growth.
In the last 12 months, Navro has taken steps to broaden the availability of its platform, including:
– A raise of $41m in Series-B funding to accelerate the company’s global expansion plans and connect more local payout and collection services worldwide.
– Launch of a world-first Statutory & Tax Service, which consolidates statutory payments, tax deductions, and pension payouts into a single, unified flow. This integration further eliminates the need for separate providers, providing businesses with a streamlined digital architecture that ensures total compliance across 95 countries.
– Expansion of real-time, pay-to-bank network in 2025 to 61 countries, enabling businesses to send instant, 24/7 payments directly to bank accounts and bypass traditional banking hours.
– Secured Money Transmitter Licences in Delaware, Florida, and Washington D.C.
– Grew its customer base, processing workforce, and supplier payments for 100’s of large corporations, payments for more than 1,700 pension schemes across Europe, and is enabling global platforms to offer payments to 1000’s of potential SMEs.
Organisations choose to work with Navro for the following reasons:
– Navro’s payout services enable customers to make payments in 200 territories and in 140 currencies across the globe.
– Navro has upgraded 80+ corridors into low-cost, same-day settlement or real-time payment networks – meaning merchants can reduce the working capital needed for these transactions by up to 70%, keeping more money on their balance sheet for longer.
– Clients can collect funds locally in 35+ locations, hold, convert, and payout globally via a single API integration and single contract – replacing the need to build a multi-vendor in-house payments system or deal with compliance or regulatory complications.
– Navro customers not only save time, but also money by using the platform. Typically, enterprises working with Navro save 0.5-2% when opening accounts in locations currently unavailable to them.
– Navro helps organisations scale faster. Opening accounts with Navro doesn’t require additional staff or a physical presence on a local level.
Want to find out what TechRound can do for your business?
