Payflows, a Paris, France-based SaaS platform for finance teams, raised €25m in Series A funding.
The round was led by Balderton Capital with participation from existing investors Headline and Ribbit Capital.
The company intends to use the funds to expand operations and its business reach.
Founded in 2022 by former Luko executives CEO Pauline Glikman and CTO Joseph Assouline, Payflows is building an operating system that integrates finance teams and workflows together for accounts payable, account receivable, customers, suppliers, payments and cashflows.
The system:
- allows a finance team to work together with real-time visibility of open requests, POs, invoices and payments, without needing a licence to any other system.
- allows employees to see the progress of tasks at all stages, with a user experience akin to consumer tech.
- allows finance teams to take advantage of automation and AI tools that increase their productivity.
The platform works with legacy Enterprise Resource Management (ERP) tools, offering customers a cost-effective way to select product modules individually that combine together in a fully integrated financial system.
FinSMEs
22/04/2024