Native Teams, a work payments platform for freelancers, remote workers, and business owners, has successfully raised €6.275m to further its ambitious plans of becoming the go-to platform for work payments.
The startup received support from existing investors Eleven Ventures and Fil Rouge Capital, as well as new investors MFG Invest, Begin Capital, and others, according to a report from EU Startups. This new investment highlights Native Teams’ dedication to enhancing their financial services platform for better performance in key markets and expanding into Asia.
Native Teams specialises in work payment solutions, assisting individuals and businesses in streamlining global remuneration through a centralised platform. Established in 2020, the company has rapidly expanded to over 65 countries, boasting a global team of more than 200 employees across its target markets.
Native Teams intends to use the new funding to enhance and expand their offering outside the European region, with a strategic focus on the US, India, and the wider Asian region. This expansion aims to empower more individuals and small to medium-sized business owners with simplified work payments and other solutions focused on employment options and tax compliance.
Alex Mitrevska, chief evangelist and co-founder of Native Teams, said, “We are delighted to announce the closing of this pre-series A investment round. It’s a testament to the progress our team have made over the last year as we bring Native Teams’ simplicity and transparency to power work payments of so many more users around the world. We are lucky to have some exceptional, like-minded investors join us on our journey to advance and update remuneration for the new world of work.”
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