Overview

Levro offers a platform that automates payment processes for businesses, helping them manage multiple vendor payments and ensuring tax compliance. Its key features include the ability to send payments to multiple vendors at once and support for over 34 currencies, allowing businesses to pay in local currencies. Levro also provides a customizable API for tailored payment workflows and integrates with existing financial systems. The company 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.

Help us improve and share your feedback! Did you find this helpful?

YesNo

Funding

Total Funding

$130k

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