Paris-based fintech startup Hero scores €12.4 million for its full-stack payments solution

Taking a fresh perspective on the payments chain, fintech startup Hero has raised €12.4 million for its full-stack solution. The Paris-based startup is specifically targeting B2B SME’s with its innovative product. 

The payments space is continuing to experience lots of innovation this year. From BNPL solutions to embedded finance solutions, it’s the fintech sector that seems just to keep giving. Now, taking a fresh look at the payments chain – from a horizontal angle – Paris-based Hero has scored €12.4 million to scale its solution. 

The funding for the Parisian startup was led by Paua Ventures and Embedded/capital alongside Rapyd Ventures. A host of fintech angels and operators are also joining: Guillaume Princen (Stripe), Phillippe de Passorio (Adyen), Peter O’higgins (Revolut), Steve Anavi (Qonto), Fabrice Grinda (FJ labs), Barbora Winczerva (Mubadala) and Perry Blacher (Augmentum), Josef Bovet (Tiller) and Joan Burkovic (Bankin’). 

Founded in 2021 by Roland Jais Nielson, Hero offers full-stack payment solutions for B2B SMEs, providing solutions from liquidity to digital payment on all sales channels. 

Typically, innovators in the payments chain focus on just one vertical. However, Hero is building a horizontally integrated platform – managing both sides of a translation. It, therefore, makes an impact on procure-to-pay for clients and order-to-cash for suppliers. This brings seamless and transparent underwriting to the market, offering instantaneous financing terms.

The solution is specifically adapted to SMEs, which remain underserved by incumbent banks. Hero is able to manage all sales channels – whether it be offline, online or in-store, and all payment types for any company size. This is a major leap forward for SMEs, enabling them to completely streamline and optimise processes. Lastly, the platform allows for seamless integrations with third-party B2B software, including ERPs, marketplaces and accounting tools. Again, for SMEs, this is a refreshing approach that makes their lives much simpler. 

Success is never accidental, it requires hard work and dedication. Congratulations to the entire team at Hero on your funding. I wish you all the best in your future ventures.

Shishir Gupta, Founder and CEO, StartupLanes

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