When was Payflow founded?

Payflow was founded in 2020 and raised its 1st funding round within a year of its incorporation.

Where is Payflow located?

Payflow is headquartered in Madrid, Spain.

How many employees does Payflow have?

As of Aug 31, 2026, the latest employee count at Payflow is 76.

Is Payflow a funded company?

Payflow is a funded company, having raised a total of $41.3M across 10 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Jul 16, 2020.

When was the latest funding round of Payflow?

Payflow's latest funding was a $***** Conventional Debt round on Oct 13, 2025, with participation from 1 investor. Its primary sector is HRTech. In Spain, the HRTech sector has seen $177M in funding in 2026 to date.

Where does Payflow rank among its competitors?

Payflow ranks 1st amongst 5 active competitors, of which 2 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Devengo, which secured $2.3M in Nov, 2025.

Who are the top competitors of Payflow?

Payflow's top competitors include Clair, Devengo and PayGate. Among them, Devengo secured the most recent funding round in November, 2025.

Payflow - 2026 Company Profile, Team, Funding & Competitors

Payflow is an acquired company based in Madrid (Spain), founded in 2020 by Benoit Menardo and Avinash Sukhwani. It operates as an Online financial services platform for on-demand pay and savings. Payflow has raised $41.3M in funding from investors like Wayra, Cathay Innovation and Y Combinator. The company has 5 active competitors, including 2 funded and 1 that has exited. Its top competitors include companies like Clair, Devengo and PayGate.

Company Details

Online financial services platform for on-demand pay and savings. The platform provides online loans for earned-wage loans. It allows users to request loans in advance through its platform and access part of their earned wages directly into the bank account. The loan repayments are deducted from the users' salary accounts. Its app is available for both Android and IOS devices.

Website: www.payflow.es/
Social
Email ID: *****@payflow.es

Key Metrics

Founded Year

2020

Location

Madrid, Spain

Stage

Acquired

Total Funding

$41.3M in 10 rounds

Latest Funding Round

Conventional Debt, Oct 13, 2025, $*****

Investors

Wayra & 35 more

Ranked

1^st among 5 active competitors

Employee Count

76 as on Aug 31, 2026

Investment & Acquisitions

Bloome

Similar Companies

Stream & 184 more

Exit Details

Acquired by Buk (Mar 01, 2022)

View Payflow's full profile

Payflow got acquired by Buk on Mar 01, 2022.

Click here to take a look at Payflow's acquisition in detail

Payflow has raised a total funding of $41.3M over 10 rounds. Its first funding round was on Jul 16, 2020. Its latest funding round was a Conventional Debt round on Oct 13, 2025 for $*****. 1 investor participated in its latest round. Payflow has 31 institutional investors and 5 angel investors.

Here is the list of recent funding rounds of Payflow:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 13, 2025	1956945	Conventional Debt	4688312	1382038	4305698	1761573
Oct 13, 2025	7358801	Series B	3996108	1758243	4421569	Wille Finance
May 20, 2025	4014326	Series B	2594986	1999405	Cusp Capital	1940044

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View details of Payflow's funding rounds and investors

The founders of Payflow are Benoit Menardo and Avinash Sukhwani.

Here are the details of Payflow's key team members:

Benoit Menardo: Co-Founder of Payflow and founder of 2 other companies, Payflow and Rocket Internet.
Avinash Sukhwani: Co-Founder of Payflow.

View details of Payflow's Founder profiles and Board Members

Payflow's employee count trend

Payflow has 76 employees as of Aug 26. Here is Payflow's employee count trend over the years:

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Top competitors of Payflow include Clair, Devengo and PayGate. Here is the list of Top 10 competitors of Payflow, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Payflow 2020, Madrid (Spain), Acquired	Online financial services platform for on-demand pay and savings	$41.3M	The Entrepreneurs' Fund, Conexo Ventures ... & 34 others	77/100
2nd	Clair 2019, New York City (United States), Series B	Cloud-based employee benefits platform for on-demand pay	$67.7M	Thrive Capital, Upfront Ventures & 9 others	69/100
3rd	Devengo 2004, Madrid (Spain), Seed	App-based platform for payday loans	$3.53M	TheVentureCity, Banco Sabadell & 7 others	53/100
4th	PayGate 2018, Madrid (Spain), Funding Raised	Mobile-first on-demand salary pay application for enterprises	-	-	25/100
5th	EarlyWage 2020, Madrid (Spain), Unfunded	App-based platform for earned wages loans	-	-	22/100