Apron
Apron offers a cloud‑based payments platform that digitises invoice capture, automates approval workflows, and processes domestic and international payments from a single interface. Using AI‑driven OCR, documents uploaded via WhatsApp, email or the app are extracted, categorised, and synced with QuickBooks or Xero, enabling batch payments, expense reimbursement, and real‑time cash‑flow reporting for small businesses and accountants.
- Artificial Intelligence
- Data & Analytics
- Enterprise Software
- Financial Technology
- Software Only
Funding
Raised to date
$48.6MRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
$15M across 1 disclosed round
$15M · Series A
Announced Sep 2023 · from article date
Disclosed cumulative: $15M
Reported total $48.6M
Incomplete round history. $33.6M of the $48.6M reported total isn’t matched to a known round.
Founders
Product
Problem
Small businesses often lack efficient tools to manage supplier invoices, employee expenses, and cash‑flow, resulting in time‑consuming manual processes and a high risk of errors.
Solution
Apron provides a cloud‑based payments platform that digitises invoice capture, automates approval workflows, and executes both domestic and international payments from a single interface. Using AI‑powered OCR, documents uploaded via WhatsApp, email or the mobile app are extracted and categorised within seconds. The system enables batch payment processing, collaborative tagging and discussion of invoices, and synchronises transaction data with accounting software such as QuickBooks and Xero. By centralising accounts‑payable and expense management, Apron reduces administrative overhead, improves cash‑flow visibility, and frees owners and accountants to focus on core business activities.
Target Audience
Apron is aimed at small‑business owners, accountants and bookkeepers who need a streamlined, low‑maintenance solution for accounts‑payable and expense management.
Features
- AI‑driven OCR that extracts line‑item data from receipts, invoices and receipts uploaded via WhatsApp, email or the Apron app
- Automatic categorisation and tagging of captured documents for fast approval and audit trails
- Batch payment creation and scheduled execution for both local and global suppliers
- Collaboration tools allowing users to flag, comment on, and approve invoices within the platform
- Real‑time payment tracking, reporting and cash‑flow dashboards
- Two‑way integration with QuickBooks and Xero for seamless reconciliation
- Employee expense reimbursement workflow integrated with AP processing
- Rewards programme that credits business payments with points redeemable for partner benefits