Payflows Secures €25M Funding to Revolutionize Finance Team Operations

Payflows Secures €25M Funding to Revolutionize Finance Team Operations

Finance teams often face challenges in achieving realistic results because of a siled approach to budgeting and planning that hinders collaboration with other departments. Outdated tools and platforms further hamper efficiency, while limited visibility into organizational costs creates additional barriers.

Key Investments:

  • SaaS platform based in Paris Payflows Rabbit Capital secures a significant Series A funding round of €25 million led by Balderton Capital with participation from the founders of Headline, 20VC, and Plaid and the family offices of Galeries Lafayette.

Seamless integration and collaboration:

  • Founded in 2022 by former Airbnb and Luko executives Pauline Glikman and Joseph Assouline, Payflows aims to transform finance team operations by offering a modular automation platform that seamlessly integrates with legacy ERPs.
  • The platform provides mid-sized and growing companies with a cost-effective solution to synchronize all finance workflows, starting with procurement and treasury.

Real Time Insights:

  • Payflows solves the challenges of siled workflows and manual tasks by offering a single source of truth for accounts payable, accounts receivable, customers, suppliers, payments, and cash flow.
  • Real-time visibility and seamless collaboration enhance productivity and decision-making, leveraging automation and AI tools.

A single platform:

  • Payflows allows CFOs to optimize their tech stack by individually selecting product modules to suit their specific needs.
  • By overlaying existing ERPs, Payflows eliminates the need for multiple licenses, offering finance teams a unified platform to orchestrate data across disparate systems.

Meeting the needs of scaling companies:

  • Targeting mid-to-above growth companies facing complex regulations and operations in multiple markets and currencies, Payflows provides sophisticated solutions at a fraction of the cost of traditional offerings.

Rapid growth:

  • Emerging from stealth after nearly two years of development, Payflows has gained significant traction with clients including Swile, Ornikar, Spendesk, and Podimo.
  • With the growing demand for seamless financial solutions, Payflows is poised for further expansion and innovation in the finance technology space.

Investor Confidence:

  • Rana Yard, General Partner at Balderton Capital, highlights the critical need for solutions that streamline financial tools and workflows for growing businesses.
  • Payflows' modular platform increases visibility and collaboration for finance teams, accelerates productivity and reduces costs, addressing a real and critical challenge for CFOs.

The significant investment and growing client base underscore Payflows' ability to revolutionize finance team operations and enhance efficiency in an evolving business landscape.

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