PayTech Native Teams Receives €2 Million To Support Remote And Flexible Workers!

Despite the depressive fintech environment, London-based Native Teams (website), a payment platform for mobile and flexible workers, has received €2 million in a seed round. The round was led by Eleven Ventures, one of the leading early-stage VCs in Southeast Europe. Other leading funds also participated in the round, including Croatia-based Fil Rouge Capital, Haatch Ventures from the UK and US fund Quake Capital.

Native Teams helps freelancers, remote workers, and flexible workers (as well as their employers or clients) manage their employment compensation in compliance with local laws. The company focuses on what it calls “the modern worker,” The benefits of localized work compensation include other essential benefits such as access to health care, retirement plans and necessary tax compliance.

Jack Thorogood, CEO and founder of Native Teams, said, “We started Native Teams to allow employees and freelancers to work for the best companies in the world without having to relocate to have a “real” job. We are pleased to have received our seed round from top regional funds representing our home country and a larger number of investors who will support our global expansion.”

Fred Soneya, co-founder and partner at Haatch Ventures, added, “We are thrilled to support Jack and Native Teams alongside Eleven during this exciting time. The world of work has changed, accelerated by the covid pandemic. Native is solving the problems of employees and employers in remote and flexible working. There is a huge market that Native addresses, and we look forward to helping the company scale and grow.”


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