Hardly 8 months following its launch, Barcelona-based startup Payflow has extended its seed round financing to в‚¬2 million, with strategic investors in the lead.
This Spanish wellness that is financial that allows workers to obtain compensated on need, has accompanied the portfolios of Wayra (TelefonicaвЂ™s innovation hub), Zone2boost (the Overseas Innovation Programme of CaixaBank, Global Payment and Worldline) and Plug & Enjoy (the famous Silicon Valley investment fund, that invested early into Bing, PayPal, Dropbox, N26 and Rappi).
For Payflow, these alliances in addition to fresh funds are going to be accustomed combine their development and placement among the pillars associated with fintech field that is spanish. Additionally efficiently highlights the relevance and utility of the model provided the times during the crisis we all have been coping with, when you look at the wake of this pandemic that is COVID-19.
Founded during the early times of 2020, this fintech that is spanish has a lot more than 100 businesses which consists of solution, including Scalpers, Natura and Aravinc.
They are just some of the names that may attest towards the solution and freedom that is financial Payflow has given the thousands of workers having its application.
Based on the CaixaBank Accelerator, Global Payment and Worldine: вЂњPayflow is a forward thinking monetary solution that improves peopleвЂ™s everyday lives and there’s without doubt that as time goes on, Payflow is likely to be as crucial as other social advantages, on par with medical health insurance.вЂќ
The mobile application, launched by Avinash Sukhwani and Benoit Menardo, permits employees to get the percentage of these attained salary every time they want, as opposed to needing to watch for an inflexible payday. With this specific model, workers have control of once they receives a commission, and can never need to depend on crippling payday advances or otherвЂњfast that is riskyвЂќ instruments.