The technology, which has been in development since 2022, is designed to simplify scale-ups' financial operations "at the mid to upper end of growth."

Accounts processing, purchasing, cash flow and payment management, supplier and customer insights, and other functions falling within a CFO's purview are all included in its capabilities.

The service, which is provided via Software-as-a-Service (SaaS), allows for the deployment of particular modules as needed and is intended to complement conventional enterprise resource management (ERP) technologies rather than completely replace them.

The Paris-based fintech company claims in a recent statement that "CFOs need only pay for the expensive ERP licences they really need while maintaining access for their teams to the data they need to do their jobs efficiently."

Due in part to the platform's usage of artificial intelligence (AI), it offers real-time visibility over financial chores, improved team cooperation, and greater productivity following platform adoption.

As previously reported by Business Insider, the start-up raised $5.5 million (€5.1 million) in seed funding shortly after its founding from US venture capital firm Headline and Ribbit Capital. The two investors continued to invest in the company's Series A, which was led by Balderton Capital.

Founder Pauline Glikman discusses the creation of Payflows, describing its product as “a single platform for finance teams to sync and orchestrate data across all their ERP tools and financial systems” before asserting that workflows can be changed “in seconds” without the need for coding or developer supervision.