Revenew is a new startup, which enables platform businesses to manage their payments, increase their margins, and streamline financial and revenue operations. In a recent development, it has secured $4.55 million in funding, following the success of its recent seed round.
This follows the recent US investment rounds, including female-led construction startup Trunk Tools and Power to Hydrogen.
Investment details
Fika Ventures led the round alongside participation from Dash Fund and TTV Capital. The funding propels Revenew out of ‘stealth mode’ and is a testament to the conviction of these investors in the fintech company’s mission, team, and technology.
The fresh capital will fuel Revenew’s mission to transform the platform economy by providing the clarity, control, and community needed to ensure platform businesses can prosper and grow.
TX Zhou, General Partner at Fika Ventures, commented: “Revenew isn’t just another market player—they’re revolutionising platform businesses. Their innovative tools for visibility, control, and collaboration set them apart, showcasing a robust, scalable model. By bridging payments and the platform economy through a visibility-first approach, Revenew is redefining industry standards. Fika Ventures is excited to double down on our investment, partnering with Nick, Ben, and the team to turbocharge growth via optimising payments and reshaping the future of platform operations.”
What does the company do?
The company was founded by Checkout.com alumni – Nicholas Thomson and Ben Foster. It is a global company with its team spread across the UK, Germany, and Amsterdam. Being a growth partner for digital platforms and marketplaces, Revenew offers an all-in-one solution to help such businesses manage their payments, optimise their margins, streamline business operations, and improve the end-to-end customer experience driving growth and retention.
It does this through tools designed to provide new levels of visibility and control, such as detailed insights into payment profitability, automated reconciliation of PSP and payment network fees, and the ability to identify and help eliminate loss-making payments.
Its products and services work alongside existing payment service providers (PSPs) to establish profitable payment revenue streams, unlock new business opportunities, and understand the full lifecycle of customers so they can grow. It empowers customers to master complexity and seize opportunities across their payments and business operations.
The company’s flagship product, Clarity is available for free and helps draw clients with insights into payment operations. It helps companies with complex business models like Amazon, Uber, and Airbnb and specific verticals like Fiverr or Deliveroo.
Nick Thomson, CEO and co-founder of Revenew commented: “As a team of deep platform and payments experts, we know that the primary things that hold platform businesses back are uncertainty and lack of cost structure visibility and understanding when building out their unit economics. These are necessarily complex businesses with complex payment requirements and operational challenges – but it shouldn’t mean that they lack oversight of their business. Nor should it mean they are beholden to in-house payments expertise and a subset of the infrastructure available in the ecosystem today. At Revenew we are championing visibility as the antithesis of uncertainty and the key to growth. Every feature is designed to eliminate uncertainty and give platforms the insight they need over their payments strategy, performance, and business operations.”
Ben Foster, CPTO and co-founder of Revenew commented: “Platforms are the future of commerce – they are already essential in every aspect of our lives. Think of the impact that companies like Uber and Airbnb have had in the last decade. These are businesses that create immense value by connecting consumers and providers through a digital network, allowing them to interact and transact easily. But they are so much more than a way to facilitate payments – a fact that is sometimes forgotten. At Revenew, we understand the nuances of how these companies operate and what it takes for them to succeed. By opening up the platform ecosystem, we can ensure these essential businesses have access to the technology, expertise, and community they need to innovate, evolve and prosper.”
