Payflows, a France-based SaaS platform established in 2022, has secured €25 million in Series A funding, led by Balderton Capital, with participation from existing investors Headline and Ribbit Capital.
The company’s primary objective is to reshape finance team operations through an integrated operating system.
The platform consolidates various financial functions, including accounts payable, accounts receivable, customer and supplier management, payments, and cashflows. This comprehensive integration fosters collaboration and provides valuable insights for team members.
CEO Pauline Glikman emphasizes Payflows’ commitment to simplifying the CFO toolkit. The platform serves as a single hub for syncing and orchestrating data across different ERP tools and financial systems. Notably, it offers customizable workflows that empower finance teams to adapt without requiring coding expertise or costly consultancy services.
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Payflows targets scaling companies, particularly those grappling with regulatory complexities across diverse markets and currencies. By offering modular solutions tailored to specific needs, Payflows provides a cost-effective alternative to traditional ERP systems.
Rana Yared, General Partner at Balderton Capital, praises Payflows for addressing challenges within the CFO tech stack. She underscores the platform’s ability to enhance visibility and collaboration, driving productivity and cost reduction for growing businesses.
In essence, Payflows’ successful funding round underscores the rising demand for streamlined financial tools and workflows. Its innovative approach and focus on customization position it as a valuable asset for companies navigating complex financial landscapes.
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