Nook
“Can a UK SME accounts payable platform become the single tool for end-to-end invoice processing and multi-currency supplier payments?”
HQLondon, England, UK
FoundersJoe Lines
IndustryHorizontal SaaS / Spend Management
The story
Nook (legal entity: Payaable Ltd) launched as an accounts payable and bulk payments platform for UK SMEs, aiming to be the tool of choice for end-to-end invoice processing and payment execution. The company deepened its embedded finance stack by partnering with Modulr for payment infrastructure and Currencycloud for cross-border FX, shifting from a domestic-only AP tool toward a multi-currency, global payables platform. The 'Join Waitlist' link on the website pointing to modulrfinance.com suggests Modulr is now a core infrastructure partner, possibly replacing or supplementing prior payment rails.
Product timeline
2020
Payaable Ltd incorporated in England and Wales (Company Number 12921042), trading as Nook, providing payment and invoicing management software for SMEs.· pivot
2023
Nook partnered with Currencycloud to enable multi-currency invoice payments across 35+ currencies to 100+ countries, expanding its accounts payable solution for global suppliers.· banking
The stack
Accounting gap: significant