Hardly 8 months as a result of 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 makes it possible for workers to have compensated on need, has accompanied the portfolios of Wayra (TelefonicaвЂ™s innovation hub), Zone2boost (the Global Innovation Programme of CaixaBank, worldwide 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 additionally the fresh funds is likely to be accustomed combine their development and placement among the pillars of this Spanish fintech industry. Additionally effortlessly highlights the relevance and energy of its model because of the times of crisis we all have been coping with, into the wake for the COVID-19 pandemic.
Established during the early times of 2020, this Spanish fintech already has significantly more than 100 businesses having its solution, including Scalpers, Natura and Aravinc.
These are merely a number check into cash loans locations of the names that may attest towards the service and freedom that is financial Payflow has given the tens and thousands of workers having its application.
In accordance with the CaixaBank Accelerator, Global Payment and Worldine: вЂњPayflow is a forward thinking economic solution that improves peopleвЂ™s everyday lives and there’s without doubt that as time goes by, Payflow is since crucial as other social advantages, on par with medical health insurance.вЂќ
The mobile application, launched by Avinash Sukhwani and Benoit Menardo, enables workers to get the percentage of the received salary every time they want, rather than being forced to watch for an inflexible payday. Using this model, workers have control of if they receive money, and certainly will do not have to count on crippling payday advances or otherвЂњfast that is riskyвЂќ instruments. Continue reading