Fintech Payflow Raises Another 10 Million to Grow in Spain and Latam

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Payflow, the Spanish fintech specializing in flexible remuneration solutions, closes a new round of financing of 10 million euros led by the German venture capital firm Cusp Capital, which consolidates itself as the first shareholder.It does so with the objective of growing in Spain, where it already totals 70,000 downloads (0.3% of the 21 million workers), and expands in Portugal, Peru and Colombia.With this expansion, the fintech founded four …

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Capital will serve the start up, led by Benoit Menardo and Avinash Sukhwani, to further accelerate their financial welfare technology that allows company employees to receive their wages on demand when they need it. Read