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Numarqe

Can a multi-currency AP automation platform capture mid-market corporate spend by embedding credit, cards, and procurement into a single payables workflow?

Founded2021
HQLondon, United Kingdom
FoundersJames Bowler (CEO & Co-founder)
Total raised$3.1M
Latest roundSeed
IndustryHorizontal SaaS / Spend Management
The story

Founded in 2021 as a corporate credit platform focused on lending to mid-market businesses, Numarqe evolved into an all-in-one multi-currency payables platform covering AP automation, procurement, corporate cards, and supplier payments. The company chose to embed card issuing and BaaS infrastructure via Weavr and Paynetics rather than build it in-house, citing speed-to-market and regulatory complexity. The dual-entity structure (Numarqe Limited + Numarqe Capital Limited) separates the payment platform from the lending book, signalling an intent to scale credit as a distinct product alongside its software layer.

Last 12 months
2024-06
2024
Product timeline
2021
Numarqe Limited incorporated in England (company number 12587141) as a corporate credit and payables platform.· pivot
2021
Numarqe Capital Limited incorporated (company number 13726764) as a separate lending entity.· lending
2024
Partnered with Weavr and Paynetics to embed card issuing and spend management into the platform.· card
2024
Launched multi-currency payables platform with 36+ currencies, virtual/physical corporate cards, and supplier payment runs with credit overlay.· banking
Regulated entities
Registered company
UK
Numarqe Limited
Registered company
UK
Numarqe Capital Limited
The stack
Banking / BaaS
Weavr
Card issuing
Paynetics
Lending
Dynamic credit line for supplier paymentsExtended payment terms (pay supplier now, customer pays later)Credit allocation across GBP, USD, EUR
Accounting
QuickBooksXero
Accounting gap: minor