Payflow Receives €20 Million Investment

Barcelona-based fintech company Payflow is a leader in salary and flexible remuneration in the European Union and Latin America. Payflow signed a 20 million euro deal with BBVA Spark. The company was founded in 2020. Since then, it has raised over 12 million euros from investors such as Y Combinator, Telefónica and Plug&Play. It has also raised more than €32 million in funding and debt rounds since its inception.

Also See: Writer Inc. Receives $100 Million Investment

Barcelona-based fintech company Payflow

Payflow has developed integrations with more than 50 HR software such as SAP, Cegid Peoplenet, Sage, A3, Factorial, Personio. In this context, he helped automate processes and reduce the administrative burden of companies. Recently, it has established a strategic alliance with Cegid, which has more than 8,000 customers and has more than 25 million payroll transactions worldwide. It announced that they have started offering cloud-based business management solutions for finance, human resources, accounting, retail, entrepreneurs and small businesses. Payflow's difference from its competitors is that it ensures that companies offering the service do not change cash flow. In this way, it is able to meet all salary and flexible remuneration transactions demanded by more than 500,000 users of finance.

Payflow has attracted a lot of attention in the financial technology sector and has been recognised as a fast-growing startup. In 2022, it appeared on several "top 10" lists, including Spanish startups that look bright in the future. As of now, the company has more than 800 customers worldwide. Payflow's clients include major companies such as Grupo Ilunion, Telefónica, Mango, Alcampo, Grupo Hospitalario Quirón, Webhelp, ISDIN, NH Hoteles, Hoteles Globales, Grupo Tendam, Navantia, Pernod Ricard.

Payflow has more than 70 employees. It has several offices in Madrid, Barcelona, Lisbon, Bogota and Lima. There are also plans to open a new major market in Latin America. He emphasised that Payflow's growth is closely related to the fact that the quality of its service makes a significant difference compared to other competitors. He said that expansion plans in Latin America and Europe will continue and that these efforts will continue until all employees can withdraw their salaries with greater flexibility.