# Payflow (YC S21): Financial services, Madrid, Spain

> Payflow (YC S21): Payflow is a B2B SaaS fintech company that offers a financial wellness mobile app designed to provide employees with instant access to...

Source: https://millionrounds.com/startup/payflow-yc-s21 (Millionrounds; every figure on the page links to its filing or article)

Spain · [Financial services startup](https://millionrounds.com/companies)

# Payflow (YC S21)

Payflow is a B2B SaaS fintech company that offers a financial wellness mobile app designed to provide employees with instant access to their earned wages.

Funding reported Last round: Undisclosed round

Financial services Madrid, Spain

Company summary

- **Founded:** 2020 6 years old
- **Team:** 76 51 to 200 people
- **Funding reported:** 42.3M as listed, currency not stated
- **Last round:** Undisclosed round Jul 2024

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Payflow (YC S21) has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Payflow (YC S21)

Payflow is a B2B SaaS fintech company that offers a financial wellness mobile app designed to provide employees with instant access to their earned wages.

Founded in March 2020 by Avinash Sukhwani and Benoit Menardo, the company aims to enhance financial wellbeing for workers, helping to reduce financial stress and improve productivity. Payflow operates primarily in Europe and Latin America, with offices in cities like Madrid, Bogotá, and Lima. The app features a trio of services: on-demand salary access, an interactive financial education platform called Learnflow, and an automated savings tool named Saveflow. Payflow is recognized as a leading Earned Wage Access platform in Spain and Latin America, serving over 1,000 client companies and more than 500,000 users. The service is offered to employers for a flat fee, making it free for employees while providing management tools for seamless integration with payroll systems.

## What company datasets say Payflow (YC S21) raised

Funding, as reported

Reported in all **42.3M** in the source's currency

Rounds **7**

Last round **Undisclosed round**

Last round size **11M**

Last round date **Jul 2024**

Investors listed **27**

Y Combinator **S21**

## On 6 portfolio pages

Investors who name them

- [Rocket Internet](https://millionrounds.com/fund/rocket-internet)
- [The E14 Fund](https://millionrounds.com/fund/e14-fund)
- [Extension Fund](https://millionrounds.com/fund/extension-fund)
- [Cusp Capital](https://millionrounds.com/fund/cusp-capital)
- [Thomson Reuters Ventures](https://millionrounds.com/fund/thomson-reuters-ventures-2)
- [AAlchemy Ventures](https://millionrounds.com/fund/aalchemy-ventures)

Each firm lists Payflow (YC S21) on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

payroll automation software bilingual support payroll data security solutions hr digital transformation reserve latin america employee engagement saas deductions management earned wage access payroll systems instant salary access workforce wellbeing data protection compliance real-time transactions employer saas employee benefit

Built with from their website

GitHub Actions Docker Google Tag Manager Amazon CloudFront Salesforce CRM Analytics AWS Trusted Advisor PWA Correos Fillout Google Workspace

+8 more

CloudFlare Viewport Meta LinkedIn Ads Google Play Amazon Simple Queue Service PostgreSQL Amazon S3 Webflow Hosting

- **Sector:** Financial services
- **Industry code:** NAICS 522320, 513210, SIC 7375
- **Region:** Community of Madrid
- **Part of:** Bemmbo
- **Revenue:** 2.5M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/payflow)

## Financial services in Spain

Startups like it

- [**Embat** Madrid · founded 2021 *Raised*](https://millionrounds.com/company/embat)
- [**Bnext** Madrid · founded 2016 *Raised*](https://millionrounds.com/company/bnext)
- [**RavenPack** Marbella · founded 2003 *Raised*](https://millionrounds.com/company/ravenpack)
- [**Twinco Capital** Alcobendas · founded 2016 *Raised*](https://millionrounds.com/company/twinco-capital)
- [**Mitto** Barcelona · founded 2019 *Raised*](https://millionrounds.com/company/mitto)
- [**MyInvestor** Madrid · founded 2017](https://millionrounds.com/startup/myinvestor-2)
- [**Kibibyte S.L.** Alacant · founded 2015](https://millionrounds.com/startup/kibibyte-s-l)
- [**Cobee** Madrid · founded 2019](https://millionrounds.com/startup/cobee-2)

## Is this your company?

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