Revenew, the new growth partner for the platform economy, has today announced it has secured $4.55 million in funding, following the success of its recent Seed round.
The raise was led by Fika Ventures, who invest in companies that leverage the power of data as a core component of their value proposition, and joined by 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.
TX Zhou, General Partner at Fika Ventures, commented: “Revenew isn’t just another market player—they’re revolutionizing 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 optimizing payments and reshaping the future of platform operations.”
The infusion of capital also fuels Revenew’s mission to transform the platform economy by providing the clarity, control, and community needed to ensure platform businesses can prosper and grow.
At its core, Revenew is a growth partner for digital platforms and marketplaces. These are companies with complex business models like Amazon, Uber, AirBnB and often specific verticals like Fiverr or Deliveroo. 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.
Revenew’s 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 a customer so they can grow. In other words, Revenew empowers their customers to master complexity and seize opportunities across their payments and business operations. Moreover, they can prosper with a data-driven strategy and sophisticated tools that turn typically tight margins into growth opportunities.
Founded by Checkout.com alumni, Revenew brings a wealth of industry expertise and innovation to the table. The team have already launched their flagship product, Clarity. This tool was designed to answer the one problem most platforms still struggle to answer - “Are our payment revenue streams profitable?” It has since evolved into a service that provides true business visibility for platforms. It has already enabled clients to analyse over 12 million payments, totaling over $1.5 billion USD in value - and annualises to approximately $3 billion in gross merchandise value (GMV). This product is just the starting point for unlocking more value in payments and growing a crucial revenue stream for platforms.
Crucially, Revenew’s commitment goes beyond just tools; it is focused on fostering a collaborative ecosystem defined by choice and innovation. By being PSP agnostic, Revenew is not building another competitor in a crowded market, but providing tools that mean it can become a true growth partner for platform businesses.
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 necessarily 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.”