Paris-based Payflows Secures €25 Million in Series A Round Funding

Balderton Capital is leading the Series A, with Headline and Ribbit Capital, current investors, increasing their stakes.

Finance teams have traditionally operated in isolation, ensnared in hours of laborious manual work, while their demands and requirements for technology have gone unfulfilled. Payflows gives finance teams a single source of truth for accounts payable, accounts receivable, customers, suppliers, payments, and cashflows, bringing insight to all team members.

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This is similar to how Salesforce revolutionised the sales function by bringing a single, accessible location for all customer information, eliminating data silos, and enabling collaboration.

With real-time visibility, easier collaboration, and more productivity, Glikman, the CEO, and Assouline, the CTO, are creating a single platform of modular solutions that sits atop an organization's ERP and provides contemporary finance teams with the insights and control they need.

Pauline Glikman said: “We designed Payflows as the missing piece in the CFO toolkit: a single platform for finance teams to sync and orchestrate data across all their Enterprise Resource Planning tools and financial systems, with automation and collaboration at the core. With Payflows, payment, cash management, procurement and cash collection workflows can be modified in seconds—no code required—directly by the finance team, without the need to hire developers or expensive consultants. We give the modern finance team the real-time control they deserve.”

Payflows offers scaling solutions for businesses in the middle to high echelons of development, especially for those dealing with intricate laws and multi-currency operations.

Too frequently, the solutions available today are either too costly or too advanced for their requirements. The platform provides clients with an affordable option to choose individual product modules that come together to build a fully integrated financial system. It is compatible with legacy Enterprise Resource Management (ERP) applications.

François-Guillaume Lutton at Reezocar said, “We use Payflows to sync data from our banks, contract lifecycle management, ticketing systems, and ERP in a single place, giving our teams access to the information they need, in context. Payflows allowed us to break silos while saving a lot of money and reducing the number of licenses we have for each tool,”.

Rana Yared, General Partner, Balderton Capital, said: “The CFO tech stack is overly complicated, and growing businesses are increasingly in need of solutions to streamline and optimise their financial tools and workflows. Payflows is building a modular platform that enhances visibility and collaboration for finance teams, accelerating productivity and cutting costs. We’re delighted to be working with Pauline and Joseph who have built an exceptional business that solves a very real and pressing challenge for CFOs. ”

Previous participants in this round include Headline and Ribbit Capital, which specialises in financial innovation and has stakes in neobanks Plaid and Revolut.

Jonathan Userovici, General Partner at Headline said, “There are plenty of FinTech SaaS startups that focus on a single CFO pain point: accounts payable, procurement, cash management, and payment infrastructure. Payflows stands apart by offering them as modules within a platform that is larger than the sum of its parts. ‘Pauline and Joseph are realizing a big vision exceptionally fast,”.

About Payflows

A group of independent modules called Payflows come together to produce a straightforward, all-in-one financial platform that functions as an ERP overlay for any kind of accounting system.