“Can a UK SME accounts payable platform become the single tool for end-to-end invoice processing and multi-currency supplier payments?”
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.
Nook discloses Modulr as its banking provider, according to the Embedded Finance Index 2026.
Nook does not disclose a bank charter of its own; its banking services are provided through Modulr.
Nook uses Currencycloud for FX and cross-border payouts.
The Embedded Finance Index 2026 maps 2 layers in Nook's stack: Banking / BaaS (Modulr); FX & payouts (Currencycloud).
Nook was founded by Joe Lines and is headquartered in London, England, UK.
Get a read on where your own stack stands against Nook and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.