Overview

Levro offers a platform that automates and simplifies payment processes for businesses, allowing them to manage multiple vendor payments and operate in various currencies. Key features include the ability to send payments to multiple vendors at once and automated tax compliance, which streamlines year-end filing. The platform supports payments in over 34 currencies and provides a customizable API for integrating with existing financial systems. Levro operates on a subscription model, charging businesses for access to its services.

Simplify's Take

What believers are saying

• Growing demand for API-driven financial solutions boosts Levro's market potential.
• Interest in multi-currency platforms rises with remote work and global teams.
• Automated tax compliance solutions are increasingly sought after by businesses.

What critics are saying

• Emerging fintech startups offer similar solutions at competitive rates.
• Potential regulatory challenges in the EU could impact cross-border payments.
• Cybersecurity threats are increasing, posing risks to fintech companies.

What makes Levro unique

• Levro offers multicurrency accounts supporting 34 currencies across 168 countries.
• The platform automates vendor payments and tax compliance, simplifying business operations.
• Levro's API allows businesses to customize payment workflows and integrate with existing systems.

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Funding

Total Funding

$126.5k

Below

Industry Average

Funded Over

1 Rounds

Notable Investors:

Y Combinator

Notable Investors:

Y Combinator

$130,000

Seed

Aug 2021

Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.

Seed Funding Comparison

Below Average

Industry standards

Ind Avg. $3.3M

$130k

$500k

$1.5M

$2M

$2.3M

$3M