• UAE-based fintech BILRS has raised a pre-Seed investment from Haatch for an unknown amount.
• Founded in 2022 by Rupert Shaw, BILRS enables online and offline merchants to offer bill payment as a service to their customers across more than 30 countries.
• This funding will enable BILRS to accelerate its mission of bringing transparency to the money remittance markets.

Press release:

BILRS, a dynamic and innovative startup specializing in cross-border bill payment solutions, is thrilled to announce its investment from Haatch, a renowned venture capital firm with a strong track record of backing disruptive technology companies. This funding will enable BILRS to accelerate its mission of bringing transparency to the money remittance markets.

The investment from Haatch signifies a significant milestone for BILRS, marking a crucial step forward in their journey to reshape the cross-border bill and airtime business. The partnership will provide BILRS with the necessary resources and expertise to further develop its platform and expand its market reach.

Rupert Shaw, CEO of BILRS said, "We are incredibly excited about the future of BILRS and the opportunity this partnership with Haatch represents. This investment will empower us to enhance our platform's capabilities, better serve our customers, and continue our mission of enabling purposeful remittance. We are grateful for the confidence that Haatch has shown in our vision, and we look forward to the remarkable progress we will achieve together."

Jeremy Luzinda, Principal at Haatch stated, “We are thrilled to be investing in BILRS at this early but exciting stage. BILRS offers a single integration platform for retail and digital players in the cross-border space to offer direct bill payment seamlessly and transparently. They’ve already demonstrated their effectiveness and value by partnering with one of the largest digital players in MENA, already driving huge volumes. The team bring relevant domain capabilities and a global network from decades spent operating and leading in mobile and payments commercially and technically. We were impressed with Rupert from the very start, heard great things from our network on his ability to execute and look forward to working with him as the company grows and scales.” 

BILRS has gained significant traction and this investment from Haatch will enable BILRS to accelerate its product development, expand its customer base, and continue providing industry-leading solutions to businesses worldwide.