Payt, a Groningen, Netherlands-based accounts receivable SaaS platform provider, received a €55 million minority investment.
Investors
The investment was from Partech, a global tech investment firm that manages €2.5 billion in assets across a diverse portfolio of 220 companies in 40 countries and four continents. The firm supports entrepreneurs from the seed to the growth stage, offering a blend of capital, operational expertise, and strategic guidance. Headquartered in Paris, with offices in Berlin, Dakar, Dubai, Nairobi, and San Francisco.
Payt Use of Funds
The company will use the funding to accelerate its expansion throughout Europe. Payt will continue to innovate and expand its offering for its customers, with new payment options and the upcoming roll-out of new AI capabilities that will further automate customer communication and payment predictions.
About Payt
Payt offers an accounts receivable management software, designed to streamline credit management processes and expedite invoice payments. Its platform helps businesses improve collection times, reduce bad debt, and enhance debtor communication through transparency and efficient interactions. Payt serves over 13,000 users with high customer satisfaction in the Netherlands and has expanded successfully into Belgium, Germany, and the UK.
Funding Details
Company: Payt B.V.
Raised: €55.0M
Round: Minority Investment
Funding Month: July 2024
Lead Investors: Partech
Additional Investors:
Company Website: https://www.paytsoftware.com/
Software Category: Accounts Receivable Management
Source: https://www.eu-startups.com/2024/07/dutch-accounts-receivable-saas-payt-raises-e55-million-to-fuel-european-expansion/