# Yordex

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/yordex

- Industry: Software
- Headquarters: London, UK
- Website: www.yordex.com
- Total disclosed funding: $0.6M
- Latest round: Seed (Dec 21, 2018)
- Investors on record: 1

## About

Yordex Ltd. is a London-based company that specializes in providing a payments software platform. This platform facilitates the issuance of cards and virtual International Bank Account Numbers (IBANs) for businesses and nonprofits, enhancing fund management and expenditure control.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. In December 2018, Yordex secured GBP 500 thousand in SEED funding led by Bloc Ventures, bringing its total amount raised to GBP 500 thousand and its current valuation to GBP 3.68 million.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’s offerings are available in multiple international markets, allowing businesses in different regions to optimize their payment processes using a single integration point.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. Yordex’s flexible pricing plans and value-added services position it favorably within the competitive landscape of payment solutions.Yordex plans to leverage the recent SEED funding of GBP 500 thousand to enhance its product offerings and expand into new markets. 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. The funds raised will be utilized to support product development and market entry strategies.

## Funding rounds

- Seed, Dec 21, 2018, $0.6M — Bloc Ventures

## Investors

- Bloc Ventures (https://capitalatlas.ai/funds/bloc-ventures) — Seed