Payt funding news – Netherlands-based Payt Secures €55 Million in Funding

The business will keep innovating and growing its service for its clients in addition to its goals for European expansion. New payment alternatives and the impending release of new AI capabilities will further automate customer communication and payment predictions.

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Claimed to be a leader in the Netherlands' accounts receivable software as a service (SaaS) sector, the company provides high-quality customer support to over 13,000 subscribers. It has successfully entered Belgium, Germany, and the UK, and it is well-positioned to develop much further.

Quooker Payt’s client said: “Since we started working with Payt, thousands of reminders have already been sent of which over 80% were subsequently paid by our customers. Also, it has allowed us to fine-tune things internally, as Payt takes a lot of the work off our hands.”

Sander Kamstra, CO-founder and board member, stated, “Partnering with Partech marks a pivotal moment for Payt. We found excellent synergy with them and are enthusiastic about the opportunity to collaborate with them. Their expertise will be invaluable as we expand our innovative solutions across Europe.”

Bruno Crémel, General Partner at Partech, added, “It’s user-friendly software revolutionizes the accounts receivable process, and we are thrilled to support their growth journey and international expansion.”

About Payt

Payt was established in 2012 by Sander Kamstra, Jelger Gustafsson, Aziz Al-Harazi, and Rob Rustenburg with the goal of improving the effectiveness, efficiency, and personalisation of credit management within your company. With interfaces to the great majority of ERP and bookkeeping systems, it's highly adaptable accounts receivable software as a service platform offers a strong international product-market fit.