Payflow has developed a financial-wellbeing application that employers provide to staff as a benefit, enabling workers to access the portion of salary they have already earned free of charge. Companies pay a fixed monthly fee—around €1,500 for a 1,000-person workforce—and typically see staff turnover drop by about 21%, generating an ROI more than 20× the initial cost. Operating in Spain, Portugal, Colombia and Peru, the startup serves over 1,000 corporate clients, including large brands such as Lidl, Mango, Decathlon and Five Guys, and claims leadership in these markets. With just 55 employees, Payflow exceeds €7 million in annual revenue, maintains a gross margin above 80%, and has grown roughly 60% year-over-year while producing a 5% EBITDA margin, pushing its Rule of 40 metric above 65%. The company has secured €26 million in equity capital and over €30 million in debt, including €20 million from BBVA Spark. Founders Benoît Menardo and Avinash Sukhwani aim to keep expanding across Iberia and Latin America while achieving full profitability by 2026. Investors highlight Payflow’s rapid yet efficient customer acquisition, noting payback periods of just four months.

Total raised

$56M

Funding rounds

8

Latest round

Equity

Latest activity

Oct 2025