Payflows, a promising FinTech startup, has recently secured a significant investment of €25 million in a Series A funding round led by Balderton Capital. Existing investors like Ribbit Capital, Headline, and 20VC also participated actively in this round, showcasing strong support for the company’s vision. Notably, family offices linked to the founders of Plaid and Galeries Lafayette also contributed to the funding, further highlighting the confidence in Payflows’ potential.
Founded by former members of Airbnb and Luko, Payflows is on a mission to revolutionize finance team operations by bringing the simplicity and intuitiveness of consumer applications to the financial sector. Initially targeting procurement and treasury sectors, the company has quickly established itself as a pivotal platform in modernizing financial operations.
With the newly acquired €25 million, Payflows aims to enhance its platform further. The focus will be on integrating various finance workflows into a single, cohesive operating system. This integration will bridge the gaps between different financial processes and legacy ERP systems, offering a more streamlined and efficient operation for mid-sized and growing companies.
What sets Payflows apart is its modular product structure, allowing finance teams to manage payments, procurements, and cash flows more effectively. Through real-time visibility and enhanced collaboration, the platform boosts productivity by incorporating automation and AI tools. This empowers CFOs to optimize their existing ERP licenses while extending functional access across their teams without the need for additional costly software or external consultants.
Pauline Glikman, CEO of Payflows, shared insights into the company’s vision, stating, “We designed Payflows as the missing piece in the CFO toolkit: a single platform for finance teams to sync and orchestrate data across all their Enterprise Resource Planning tools and financial systems, with automation and collaboration at the core. With Payflows, payment, cash management, procurement and cash collection workflows can be modified in seconds—no code required—directly by the finance team, without the need to hire developers or expensive consultants. We give the modern finance team the real-time control they deserve.”
With this substantial funding and a clear vision for the future, Payflows is poised to make significant strides in transforming finance team operations and delivering value to businesses across industries.