From XU Magazine, 
Online News

Lessn Secures Strategic Investment from Moroku to Fuel Global Expansion

September 3, 2024

This article originated from the Xero blog. The XU Hub is an independent news and media platform - for Xero users, by Xero users. Any content, imagery and associated links below are directly from Xero and not produced by the XU Hub.
You can find the original post here:

Lessn, a platform making business payments simpler for small to medium-sized enterprises (SMEs),  has secured nearly a $1 million investment from Moroku, a company with strong connections to Afterpay, Cuscal, and Volt Bank. This investment marks a key step in Lessn's plans to expand its platform internationally.

Lessn, founded by David Grossman, is already making a name for itself in the payments industry. Recently, the company partnered with April, a payments firm acquired by ASX-listed Spenda, to enter the Singapore market. Now, with backing from Moroku, Lessn is better positioned to grow and reach new markets.

"This investment shows confidence in what we’re building and gives us the tools to take Lessn to a global audience," said Grossman.

The $1 million from Moroku will help Lessn enhance its technology and expand beyond Australia. With a valuation of $30 million, the company is focused on using this momentum to achieve its global goals.

Among Lessn's shareholders is Michael Masterman, a former Fortescue executive, who invested $250,000 in the company during its early days. This latest development is seen as a positive step towards realising the company's full potential.

Lessn continues to attract attention and secure important partnerships and investments, positioning itself as a growing player in the global payments industry.

Why leave it there?

To find out more about Lessn

Straight to your inbox

Subscribe to our newsletter for updates as they happen
We hate spam too. We NEVER sell our mailing list.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.