BILRS secures investment from Salica Spring Studios to expand global Payment Solutions

Fueling Growth in Cross-Border Payments

UAE-based fintech BILRS has secured a strategic investment from Salica Spring Studios, a fund backed by Al-Waha Fund of Funds. While the exact funding amount remains undisclosed, this investment marks a significant milestone in the company’s mission. The company wants to simplify international bill payments, mobile top-ups, and gift card transactions in the B2B space.

Founded in 2022 by Rupert Shaw, BILRS aims to streamline cross-border transactions. It offers businesses and consumers a seamless, secure, and efficient financial experience. The company previously closed a pre-seed round from Haatch in 2023. In effect, this latest investment will help scale its operations, enhance its technology, and expand into new markets.

BILRS is driving Innovation in Global Bill Payments

With the rise of digital finance and global commerce, the demand for fast and frictionless cross-border transactions is higher than ever. BILRS is addressing this need by:

• Integrating with major financial service providers
• Enabling real-time transactions
• Ensuring compliance with global financial regulations

“This investment from Salica Spring Studios is a testament to the impact and potential of BILRS in the global payments landscape,” said Rupert Shaw, CEO. “With their expertise and financial backing, we are poised to accelerate growth, develop new solutions, and make bill payments more seamless and accessible worldwide.”

Strategic Partnership for Expansion

Salica Spring Studios, known for backing high-growth ventures in fintech and digital payments, sees BILRS as a natural fit for its portfolio.

“BILRS has built a scalable and innovative approach to bill payment services that aligns with our vision for the future of financial technology,” said Josh Rodger, Principal of Salica Spring Studios’ fund. “By leveraging our resources and expertise, we believe BILRS can reach new heights and redefine how cross-border bill payments are managed.”

What’s Next for BILRS?

With this fresh funding, the company plans to:

• Scale its operations globally
• Enhance its technology for seamless transactions
• Expand into key emerging markets

By bridging the gap between traditional and digital financial ecosystems, BILRS aims to revolutionize cross-border payments. This will make international transactions simpler, faster, and more secure for businesses worldwide.