About Payflow
Payflow is a company based in Alcobendas (Spain) founded in 2020 by Avinash Sukhwani was acquired by Buk in March 2022. It operates as a FinTech, and Subscription Services. Payflow has raised $58.23 million across 11 funding rounds from investors including Glovo, Cabify and Wallbox. Payflow offers products and services including Payflow, Flexflow, Learnflow, and Saveflow. Payflow operates in a competitive market with competitors including Wagestream, Gusto, Paylocity, DailyPay and Justworks, among others.
- Headquarter Alcobendas, Spain
- Founders Avinash Sukhwani
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Sectors
TechnologyFinancial Services
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Email
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Phone
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Website
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Social
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- Legal Name Payflow Digital Inc Sucursal En España
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Products & Services of Payflow
Payflow offers a comprehensive portfolio of products and services, including Payflow, Flexflow, Learnflow, and Saveflow. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Instant access to earned salary is provided anytime.
Savings on expenses through a dedicated benefits card.
Interactive financial education platform is offered for employees.
Automated virtual piggy bank supports employee savings goals.
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Funding Insights of Payflow
Payflow has successfully raised a total of $58.23M across 11 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $34.85 million completed in October 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 11
- Last Round Debt – Conventional — $34.8M
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First Round
First Round
(16 Jul 2020)
- Investors Count 29
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2025 | Amount | Series B - Payflow | Valuation |
investors |
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| Oct, 2025 | Amount | Debt – Conventional - Payflow | Valuation |
investors |
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| May, 2025 | Amount | Series B - Payflow | Valuation | Cusp Capital |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Payflow
Payflow has secured backing from 30 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Glovo, Cabify and Wallbox. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Tech companies are funded by Seaya, a venture capital firm.
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Founded Year | Domain | Location | |
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Venture capital investments are made in technology startups through a global ecosystem.
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Venture capital fund investing in multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Payflow
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Payflow
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Payflow Comparisons
Competitors of Payflow
Payflow operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Wagestream, Gusto, Paylocity, DailyPay and Justworks, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Financial benefits platform for on-demand pay is provided to employees.
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| domain | founded_year | HQ Location |
Cloud-based HR and payroll solutions are offered for small businesses.
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| domain | founded_year | HQ Location |
Cloud-based payroll and HR solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Developer of an online platform for employee financial benefits
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| domain | founded_year | HQ Location |
Benefits administration and payroll management are provided for businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Payflow
Frequently Asked Questions about Payflow
When was Payflow founded?
Payflow was founded in 2020.
Where is Payflow located?
Payflow is headquartered in Alcobendas, Spain. It is registered at Alcobendas, Comunidad De Madrid, Spain.
Is Payflow a funded company?
Payflow is a funded company, having raised a total of $58.23M across 11 funding rounds to date. The company's 1st funding round was a Series B of $16.93M, raised on Jul 16, 2020.
What does Payflow do?
Payflow is established as a comprehensive financial wellness platform for employees. It operates within the FinTech sector, offering solutions like instant salary access, flexible compensation, financial education, and automated savings tools. Services are provided through a mobile application and cloud-based platform, targeting employee satisfaction and financial stability across various industries. Operations are extended in multiple countries including Spain, Portugal, Colombia, Peru, Italy, and France.
Who are the top competitors of Payflow?
Payflow's top competitors include Wagestream, Gusto and DailyPay.
What products or services does Payflow offer?
Payflow offers Payflow, Flexflow, Learnflow, and Saveflow.
Who are Payflow's investors?
Payflow has 30 investors. Key investors include Glovo, Cabify, Wallbox, Mango, and Rocket Internet.
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