BILRS Secures Investment from Salica Spring Studios 

UAE-based fintech company BILRS has secured an investment from Salica Spring Studios, a fund supported by Al-Waha Fund of Funds. While the financial terms remain undisclosed, the funding is expected to accelerate BILRS' expansion and technological advancements.

Established in 2022 by Rupert Shaw, BILRS specializes in international bill payments, mobile top-ups, and gift card solutions, enabling seamless B2B cross-border transactions. The company previously secured a pre-seed round in 2023 from Haatch.

This latest investment will enable BILRS to scale its operations, enhance its payment technology, and expand its market presence worldwide. Salica Spring Studios, known for backing high-growth ventures, sees BILRS as a key player in the evolving digital payments landscape.

"BILRS is transforming global bill payment services, and this investment will support their mission to make cross-border transactions more accessible and secure," said Josh Rodger, Principal at Salica Spring Studios.

Rupert Shaw, CEO of BILRS, welcomed the strategic backing, emphasizing how the investment will fuel innovation and accelerate the company’s growth trajectory.

With this partnership, BILRS aims to further integrate with major financial service providers, streamline compliance processes, and reinforce its position as a leading fintech in the digital payments sector.