Payflow secured €1.6 million from Rocket Internet, Lanai Partners, Itnig, Abac Nest, Michael Benabou and Clement Benoit

Payflow, a Barcelona, Spain-based startup working for the development of a payroll software solution, announced securing a funding round of €1.6 million.

The funding was provided by local investors, including Rocket Internet, Lanai Partners, Itnig, Abac Nest, Michael Benabou and Clement Benoit.

Payflow, founded in 2020 by Benoît Menardo and Avinash Sukhwani, developed a software solution for companies allowing employees to instantly collect the portion of their salary corresponding to how much they have worked, through a mobile app. The company claims to be in use by more than 30 companies.