Payflows, a Paris, France-based SaaS platform tailored for finance teams, has secured €25 million in Series A funding.
Investors
Led by Balderton Capital, with participation from existing investors Headline and Ribbit Capital, who increased their previous investments.
Balderton Capital is a venture capital firm based in London, UK, that invests in early-stage technology and internet startup companies in Europe. The firm seeks to invest in companies operating in the finance, health technology, software, mobility, food technology, entertainment, security internet, and retail sectors across Europe.
Payflows Use of Funds
The company will use the funding to develop an integrated operating system that seamlessly merges finance workflows.
About Payflows
Founded in 2022 by Pauline Glikman and Joseph Assouline, Payflows is a fintech company that develops a SaaS platform for finance teams. It offers finance teams a single source of truth for accounts payable, accounts receivable, customers, suppliers, payments, and cash flows, bringing insight to all team members. The platform integrates with legacy ERP tools, enabling customers to select product modules individually, creating a fully integrated financial system at a lower cost. The company has a growing customer base, including Swile, Ornikar, Spendesk, and Podimo.
Funding Details
Company: Payflows SAS
Raised: €25.0M
Round: Series A
Funding Month: April 2024
Lead Investors: Balderton Capital
Additional Investors: Headline, Ribbit Capital
Company Website: https://www.payflows.io/
Software Category: Finance
Source: https://www.eu-startups.com/2024/04/paris-based-payflows-raises-e25-million-series-a-to-build-the-command-centre-for-finance-teams/