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Payflows raises €25m led by Balderton Capital

By Gloria Methri

April 22, 2024

  • Accounts Payable
  • Accounts Receivable Automation Solutions
  • Automated Workflow
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Payflows, Balderton Capital, FinTech, FrancePayflows, a France-based SaaS platform for finance teams, has raised €25 million in funding to build an operating system that seamlessly integrates finance teams and workflows. Balderton Capital led the Series A, and existing investors Headline and Ribbit Capital doubled down on their previous investments.

Founded in 2022, Payflows offers finance teams a single source for accounts payable, accounts receivable, customers, suppliers, payments and cashflows, bringing insight to all team members. Using Payflows, CFOs need only pay for the expensive ERP licences they really need while maintaining access for their teams to the data they need to do their jobs efficiently.

Pauline Glikman, CEO, Payflows said, “We designed this platform 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 provides solutions for scaling companies at the mid-to the upper end of growth, particularly those facing complex regulations and operations across multiple markets and currencies. The platform works with legacy Enterprise Resource Management (ERP) tools, offering customers a cost-effective way to select product modules individually and combine them in a fully integrated financial system.

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.”

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