Payday raised strategic investment from Íslandsbanki

Iceland Investments 13 May 2020
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Payday, a Reykjavik, Iceland-based company providing a mobile software solution for small medium enterprises, secured strategic capital investment from local bank Bank of Iceland (Íslandsbanki).

The deal is part of a larger deal involving Íslandsbanki offering Paydays’ services to its customers.

Payday, founded in 2017 by Björn Hr. Björnsson (CEO), Gunnar Gils Kristinsson and Stefán Ari Guðmundsson, developed a software solution that simplifies invoicing, payroll, accounting, and reporting.