Payflow Analysis: $6M Raised
What is Payflow?
Payflow provides a financial wellness app enabling employees to access earned salaries instantly and offers flexible compensation options through a mobile platform.
Employees
50
Founded
2020
Revenue
$4M
Company Stage
Series A
YC Batch
S21
Product Features & Capabilities
- instant salary access, automated savings, financial education platform, flexible compensation options, mobile app for management, virtual savings piggy bank, interactive financial education features
How much Payflow raised
1 - €6 million
7 months ago (July 2024)Lead Investor: Not specified in the source.
Who are the founders of Payflow
AS
Avinash Sukhwai
Co-founder
BM
Benoit Menardo
Co-founder
Investors
- Cathay Capital: Participated in an €8 million funding round.
- BBVA Spark: Provided up to €20 million in debt funding.
Company Pricing
- Payflow charges a flat fee of approximately €2 per month for each business using their service.
- Employees can access their earned wages at any time without any fees for the service.
- There may be a small fee for each wage advance requested, typically a percentage of the amount advanced.
