The money can reach users in minutes , and its system integrates with the company’s. These are the new so that payroll deduction is do automatically at the end of the month. A very fast, convenient and easy solution. The system allows workers to request as many advances per month as the company establishes. As for companies , they do not have to make any changes in the payment process. The funds advance by PayFlow are deducte from the salary of that pay period along with taxes. Social security and any other adjustments such as vacations or bonuses. Companies are free to set rules and preferences for their processes. For example, limiting the amount to a maximum percentage of salary.
SeQura closes international investment these are the new
Among Payflow’s current clients, companies such as Scalpers, Covirán, Aristocrazy and Vithas Hospitals, among others, stand out. These are the new Payflow investors This new Payflow round has managed to attract recognized national and international investors. According to Avinash Sukhwani , co-founder of Payflow, “It is an honor to have the support of our new top-tier investors, in addition, we are proud of the enormous satisfaction of our 100,000 users who have trusted our solution, which for them is free. We will continue our work to give access to pay-on-demand flexibility to all workers in Europe and Latin America.” Jacky Abitbol, Managing Partner of Cathay Innovation, has highlighted several reasons that motivated Cathay’s participation in the latest fundraising of the Spanish fintech.
its deferred payment services abroad
We see great market potential for the Access to Earned Wages sector, especially in Latin America, where there continues to be an impressive number of people underserved by traditional finance services. With impact investing at the core of our investment philosophy, we trust Payflow’s outstanding executive team to maintain its impeccable growth trajectory, thus bringing financial well-being to workers, so our global ecosystem is here to support them in that effort.” Related Posts SeQura closes international investment to boost its deferred payment services abroad Channable closes a round of financing for 55 million euros to strengthen its international expansion The leisure and events startup Fever closes a round of €202M and becomes the new Spanish unicorn For her part.