Yordex
Latest round
- Seed
Last raised
- Dec 2018
Total raised
- $0.6M
Investors
- 1
About Yordex
Yordex Ltd. is a London-based company that specializes in providing a payments software platform.Founded in 2017, Yordex Ltd. operates from its headquarters in London, UK, focusing on innovative payment solutions for various sectors. The company was co-founded by Erik De Kroon and Hardeep Nagi, both of whom have backgrounds in technology and finance.Yordex primarily offers a payments software platform designed to streamline the issuance of cards and virtual International Bank Account Numbers (IBANs) for businesses and nonprofits. This solution enables organizations to disburse funds instantly, providing them with enhanced visibility and control over expenditures. By integrating with a diverse array of payment service providers (PSPs), Yordex facilitates rapid deployment and global scalability for its clients. The platform serves various sectors, including humanitarian organizations, education, and employee banking, catering to a wide range of use cases such as expense management, payroll, and cash assistance.Yordex generates revenue through a combination of partnerships and service fees associated with its payment software platform. Clients, which include organizations from sectors such as hospitality, transportation, and charitable organizations, engage with Yordex to issue their own cards and virtual IBANs. Each transaction processed through the Yordex platform involves fees that can be structured around usage, providing clients with cost-effective solutions tailored to their operational needs. The company is committed to lowering payment costs and enhancing transactional efficiency, which could involve offering reduced fees on expenditures made through its issued cards. The company is exploring the development of new products aimed at increasing transaction efficiency and are set to launch by the end of 2023. Additionally, Yordex is strategically targeting expansion in Southeast Asia and the Middle East by 2024, aiming to establish a significant presence in these regions.
Who invested in Yordex
1 investor across 1 round
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Funding rounds
Seed
Dec 21, 2018
Amount
$0.6M
Investors
Questions about Yordex
Who invested in Yordex?
Yordex has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Yordex raised?
Yordex has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Yordex last raise money?
Yordex's most recent round on record is a Seed, in Dec 2018.
What does Yordex do?
Yordex is a software company.
Where is Yordex headquartered?
Yordex is headquartered in London, UK.
Which VCs invest in companies like Yordex?
Among active investors with capital left to deploy, Index Ventures, European Investment Bank, Balderton Capital and Sofinnova Partners back software companies at Yordex's stage. Their profiles are linked below.
VCs backing software startups at Seed
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