Upflow, a Paris, France-based company which enables businesses to collect customer payments, raised $15m in Series A funding.
The round included participation from 9yards Capital, and angel investors including Maximilian Tayenthal of N26, Raffael Johnen of auxmoney, and Pierre-Dimitri Gore-Coty of Uber. As part of the transaction, the former co-founder and co-CEO of Westwing, Andrew Nutter will join the board.
The company, which attended YCombinator in Winter 2020, intends to use the funds for product development, for opening of an office in NY to accelerate distribution in the US, and for tripling the size of its team within 12 months.
Founded in 2018, Upflow provides a SaaS solution that allows B2B businesses to collect customer payments. The solution integrates with finance tools such as QuickBooks, Xero, Netsuite, and Chargebee and partners with payment gateways like Stripe and GoCardless.
The company now processes more than $200m worth of invoices a month, for over 1.5m transacting companies.
FinSMEs
15/06/2021