Paynest is a one-stop financial wellbeing platform that enables employers to offer a comprehensive suite of benefits to improve employees' financial health. The platform combines financial products with personalized financial-literacy articles and a team of qualified coaches for confidential, individualized employee support. Founded in November 2022 by Nuno Pereira (later joined by Alexis Suberville) and based in Lisbon, Paynest has gained traction across Portugal, Greece, and France, serving dozens of companies and thousands of employees across various industries. The company plans to use new funding to advance product development, strengthen the team, and accelerate its planned expansion across Europe. Investors praised the product potential and founding team, and one backer noted possible future expansion into the Brazilian market when the time comes. Paynest recently closed a €2 million seed round to support these initiatives.

Total raised

$2M

Funding rounds

1

Latest round

Seed

Latest activity

Dec 2023