Navro provides a payment and banking infrastructure that enables software companies to execute global payouts and collections in over 170 regions and 35 currencies through a single API. This platform minimizes foreign exchange fees and accelerates settlement times, facilitating seamless financial operations for businesses expanding into international markets.
Funding
$39.2M raised to dateRaised 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.
UVFounders
Product
Problem
Many software companies face complexities when executing global payouts and collections, including high foreign exchange fees, slow settlement times, and the need to manage multiple systems. This can hinder expansion into international markets and create operational inefficiencies.
Solution
Navro provides a payment and banking infrastructure that enables software companies to execute global payouts and collections in over 170 regions and 35 currencies through a single API. The platform allows businesses to move money across borders, receive funds into local accounts, minimize FX fees by settling and paying in local currency, streamline reconciliation, and speed up settlement times. Navro offers named accounts in 35+ regions and 35+ currencies, along with unlimited virtual accounts in 30+ regions. This infrastructure unlocks access to global payments, facilitating seamless financial operations for businesses expanding internationally.
Target Audience
Navro's primary customers are software companies, marketplaces, on-demand platforms, pension providers, payroll services, employer of record (EOR) services, and e-commerce businesses that require global payment solutions.
Features
- Global payouts to over 170 regions.
- Collections in 35+ currencies.
- Create named accounts in 35+ regions and 35+ currencies.
- Unlimited virtual accounts in 30+ regions.
- API and portal for payment tracking and reconciliation.
- Real-time and same-day settlement capabilities.
- Minimizes FX fees by settling and paying in local currency.