Upflow in a $15 million Series A round backed by 9yards capital, eFounders and angel investors.

Upflow, a Paris, France-based software startup developing a B2B payment platform, announced the completion of a $15 million series A funding round.

The money was raised from a range of investors including the US-based 9yards capital, eFounders and angel investors Max Tayenthal (N26 co-founder), Pierre-Dimitri Gore-Coty (Uber) and Raffael Johnen (auxmoney co-founder).

Proceeds will be used as the company intends to expand its business in the USA, as it will open a New York office.

Upflow, founded in 2018 by Alexandre Louisy, Barnaby Malet and Thibaud Elziere, developed a payment platform intended to help clients deal with the management process of outstanding invoices.

The platform acts as a central repository for invoices, and provides features such as importing invoices, clients and payments, payment tracking or reminders. It can also connect to accounting software tools such as QuickBooks, Xero, Netsuite, Chargebee and Stripe Billing. Customers include Lattice, Front and Adikteev.

upflow previously raised $3 million in 2019 and was part of Y Combinator in 2020.