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Apron

Fintech invoice management and reconciliation platform

Overview

Company Does Not Provide H-1B Sponsorship

Apron is a fintech platform that helps small businesses manage supplier invoices and reconcile payments. It connects the user’s bank with their accounting software to sort, pay, and reconcile invoices in seconds, with instant reconciliation to Xero. The service is delivered via a subscription that targets time savings and better cash flow, and may include transaction fees based on payment volume. Apron differentiates itself by providing end-to-end payment handling directly from the bank to instantaneous ledger reconciliation, reducing administrative tasks and improving financial visibility. The company aims to remove payment friction so small businesses can focus on growth rather than paperwork.

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About Apron

Simplify's Rating
Why Apron is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & AnalyticsEnterprise SoftwareFintechFinancial Services

Company Size

51-200

Company Stage

Series B

Total Funding

$50.5M

Headquarters

London, United Kingdom

Founded

2022

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What believers are saying

  • Tech Nation selected Apron for Future Fifty 2026, signaling strong UK momentum.
  • September 2026 product updates moved William AI to all users, broadening adoption.
  • Apron Card went live in 2026, expanding payments beyond invoices into spend management.

What critics are saying

  • The 1 December 2026 pricing reset risks partner churn among accountants and bookkeepers.
  • William AI expansion raises reliability risk; bad extraction breaks reconciliation and trust quickly.
  • Xero, QuickBooks, and banks can bundle bill pay, turning Apron into a feature.

What makes Apron unique

  • Apron unifies invoice capture, supplier payments, and reconciliation inside one workflow.
  • William AI now ships to every user, embedding automation directly into core Capture.
  • Apron Card adds Mastercard expense control, spending limits, and merchant-locking for operators.

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Funding

Total Funding

$50.5M

Meets

Industry Average

Funded Over

3 Rounds

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Below Average

Industry standards

$35M
$30M
$45M
$65M
$100M

Benefits

  • Health Insurance
  • Flexible Work Hours
  • Remote Work Options
  • Stock Options
  • Enhanced Parental Leave
  • Life Insurance

Growth & Insights and Company News

6 month growth

0%

1 year growth

-2%

2 year growth

6%
Inform Accounting
Sep 4th, 2026
Ditch the data entry: How Apron's Automated capture is changing the game.

Ditch the data entry: How Apron's Automated capture is changing the game. We recently announced our partnership with Apron to help streamline your invoice payments and get you out of your banking app. But as we promised, paying bills is only half the magic. If there is one thing business owners hate as much as clunky bank transfers, it's manual data entry. Typing out line items, squinting at crumpled receipts, and accidentally paying the same invoice twice are massive drains on your time. That's where Apron's Automated Data Capture steps in. It does the heavy lifting so you don't have to. Capture at a Glance Apron acts like a super-smart digital assistant for your paperwork. Here is how it speeds up your admin: * Supplier Rules for Faster Flows: You can set default categories, tax rates, and payment methods for specific suppliers. Once it's set, Apron remembers it for next time. * Automatic Line Item Extraction: Got an invoice with multiple different items? Apron automatically splits and extracts line items (like separating 'Paper' from 'Stationery') so you don't have to break it down manually. * AI Descriptions: Apron's AI reads your documents and adds smart context tags, instantly summarising what the invoice is actually for. * Bank Statement Conversion: Need to process a PDF bank statement? Apron effortlessly converts PDF statements from banks like Starling directly into workable sheets or CSV files. * Process Sales Invoices with Ease: It's not just about what you buy. Apron helps you track and process your sales invoices and credit notes in one neat dashboard. * No More Duplicates: Ever paid the same bill twice? Apron's transaction matching automatically flags and rejects exact or near-duplicate documents. * Upload Anytime, Anywhere: For business owners on the move, receipts and invoices never stop. You can effortlessly upload documents to Apron from your desk or on the go via the mobile app, a quick WhatsApp message, or email. * Meet William, Your AI Assistant*: Apron takes automation a step further with its built-in AI tool, William. William delivers fast, accurate extraction of line items, amounts, and payees in seconds. Even better, if you connect your email inbox, William will proactively scan and find those missing receipts for you - eliminating the need to hunt through your inbox. * Assign and Track: Still missing a document? Apron makes it incredibly easy to assign unreconciled transactions to your team or collaborators, pinging them to upload exactly what's missing in a matter of seconds. *William AI is only available for clients of Silver-tier Apron Books Club partners and above. Data Capture has never been so easy No matter the format of your invoice or receipt, Apron's smart capture solutions make entering the data an breeze. * Upload your way: Via WhatsApp, email, mobile app, or drag and drop on desktop. * For paper receipts: Take a photo with the Apron app, or WhatsApp. * For electronic invoices: Simply forward the invoice to your unique Apron email address. * Add a description: Submitting via WhatsApp or mobile app? Add a description to make your accountant or bookkeeper s job that little bit easier. * Submit out-of-pocket expenses: Employees can submit and mark out of pocket expenses, making them easy to spot, ready for reimbursement. Why this matters for your business When data capture is automated, your financial records are always accurate and up-to-date. For us at Inform, it means we can process your accounts faster and give you real-time advice based on pristine data. Ready to stop typing and start growing? Get in touch with the Inform Accounting team today to see Apron's data capture in action! Do more with Apron: * Stop Drowning in Invoices - Simplify Your Payments * No More Chasing Receipts: Take Control with Apron Expense Cards * Goodbye Pay Day Panic: How Apron Makes Payroll a Breeze

Tech.eu
Sep 25th, 2024
APRON raises $30M Series B for SMB payments tech

Apron raised their $15M Series A just 12 months ago.

TechCrunch
Sep 28th, 2023
Apron grabs $15 million to simplify invoice processing

London-based startup Apron announced that it has raised a $15 million funding round in a Series A funding led by Index Ventures with Bessemer Venture Partners and Visionaries Club also participating.

The Fintech Times
Sep 28th, 2023
This Week in Fintech: TFT Bi-Weekly News Roundup 28/09

Fintech platform Apron has raised $15 million in Series A funding led by Index Ventures, as well as Bessemer Venture Partners and Visionaries Club.

Tech.eu
Sep 28th, 2023
Former Revolut Product Lead'S Startup, Apron, Secures $15M For Invoice Solutions

Apron, a London-based fintech that addresses the pains SMB owners and their finance teams face in the sorting, paying, and reconciling of invoices, has raised $15 million in a Series A funding round.Founded by former Revolut product lead and Square European operations lead, Bogdan Uzbekov, Apron soft-launched earlier this year and intends to use the investment to expand its existing 20-member team.The Series A round was led by Index Ventures and saw the participation of existing investor Bessemer Venture Partners alongside Visionaries Club.While Apron is by no means alone in the solving-the-pain-of-invoicing category, it's not many startups that can boast a roster that includes former Revolut, Trade Republic, Goldman Sachs, McKinsey, Meta, Pleo … and the list goes on.The pains of paymentAccording to the startup, although only approximately six months up and running, it's already processing millions of pounds of transactions every month, and working with, an undisclosed number of, hundreds of clients including small business owners Dani Reid and Agnes Potter of Potter&Reid, and thousands of payment receipts.Whether you’ve ever run your own business or simply dealt with an operation not as easy as it sounds such as remodeling your home, you’re sure to have encountered the joys, or lack thereof, of paying suppliers. Granted, consumer-facing operations tend to be a lot less painful, however, the excitement and enthusiasm of entrepreneurship can quickly be usurped by the lackluster business that is the B2B payments process.According to the UK’s Department for Business, Energy, and Industrial Strategy £1.5 trillion flows through the process of paying invoices every year in the UK alone, accounting for five hours of the average UK small business owner’s time per week.Designed to completely revamp the way payments flow through a network of users, and fashioned with a user-friendly, consumer-esque interface, Apron’s aim is to turn the arduous task of payments into a pleasure rather than pain.The platform is designed to integrate with, rather than replace, existing accounting systems such as Xero and Quickbooks, thereby eliminating the need to start from scratch.Not just a slick appBuilding on his experience expanding Revolut outside the UK in conjunction with working at Square as European Operations lead, Apron founder Bogdan Uzbekov recognised the market opportunity and chance to do something different from competitors.Uzbekov shares:“In consumer electronics, you need to understand the hardware as well as the software – that’s why Apple has been so successful. For Apron, you can think of our payments platform as the hardware, and our carefully designed workflows as the software. We’re not just a slick app, but a critical cog in the business machine that keeps small businesses moving forward.”Lead image: The Apron team via getapron.com. Photo: Uncredited

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