Payflow, the platform that allows employees to access their salary in advance, has announced an extension of its funding round closed in May, adding an additional €2 million to bring Wille Finance on board.
The original May round totaled €10 million, with €7 million in primary investment and €3 million in secondary investment, led by Cusp Capital. With this new contribution, Payflow has raised its total accumulated capital to €26 million, combining the completed primary investment and the stakes sold by more than ten investors in secondary transactions.
The company also has over €30 million in debt financing, including €20 million provided by BBVA Spark. Payflow’s founders explained that this increase aims to consolidate the company’s presence in Spain, Portugal, Colombia, and Peru. Avinash Sukhwani, co-founder of Payflow, highlighted: “Wille Finance shares our vision: to grow rapidly while also achieving profitability by 2026. We are already achieving positive EBITDA almost every month, and with Wille Finance, the next goal will be to consistently maintain both EBITDA and cash flow in positive territory.”
For its part, Wille Finance has praised the execution and vision of the Payflow team: “Their growth is solid, but what truly makes it a unique opportunity is that they are achieving it sustainably, with very efficient customer acquisition—recouping the initial investment in just four months,” said a company spokesperson.
Payflow currently serves more than 1,000 clients, including well-known brands such as Mango, Lidl, Decathlon, and Five Guys. Founded in 2020, the company has strengthened its position in Spain, Portugal, Colombia, and Peru, offering on-demand salary solutions that allow workers to access earned wages before the end of the month.
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