Payflow, a financial wellbeing platform that allows employees to get paid on demand, has closed an EUR8 million financing round to continue its growth in Spain and its internationalisation plans, which have already started in Chile and Colombia.
In 2022, the company plans to start operations in two additional countries and to launch at least two more products.
After closing this round, the total funding raised by Payflow to date exceeds EUR12 million, with the company having previously raised EUR2 million inn a seed round EUR2 million in a debt round.
This new fundraising attracted renowned national and international investors. Among the new investors is Seaya Ventures, the Venture Capital firm with the most Spanish Unicorns, including Glovo, Cabify or Wallbox. It has also been supported by Cathay Innovation through its C Entrepreneurs Fund, Venture Capital that also backed Glovo, Wallbox and Chime, among 12 other unicorns. YCombinator, which supported projects such as Dropbox and Airbnb is also part of this new fundraising, as well as investors like Steve Huffman from Reddit, Max Mullen from Instacart and Sebastian Mejia from Rappi.