Fintech startup Payt has received a 55 million euro investment from Partech's growth fund. This investment was described as a “strategic partnership”. Netherlands-based Payt automates invoice management, payment tracking and sending reminders to debtors with its AI-powered solution. The startup's smart debt management software helps companies collect their receivables while saving 80% of the time they spend on account management.
Payt
The platform, which enables companies to track whether the invoices they send to their customers have been paid, also enables faster payment of invoices by offering different payment methods. Payt's technology, which can be integrated with more than 600 industry-specific software, also provides advantages such as offering payment plans and automatically initiating the collection procedure. The startup, which is spread across 40 countries and 4 continents, wants to further increase its presence in Europe with the investment. The platform has a portfolio of 220 companies and raises more than €2 billion per month.
Payt's user-friendly software is revolutionizing the accounts receivable process and we are excited to support their growth journey and international expansion.
Bruno Crémel, General Partner of Partech
The partnership with Partech marks an important moment for Payt. We have found a great synergy together and are excited about the opportunity to collaborate with them. Their expertise will be invaluable as we expand our innovative solutions across Europe
Sander Kamstra, co-founder and board member
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