Groningen-based Payt, a number one accounts receivable SaaS platform, introduced a €55 million minority funding from Partech, by its development fund. This strategic partnership will speed up Payt’s growth throughout Europe.
Payt’s highly effective, easy-to-use software program automates the accounts receivable course of, enhancing assortment time, lowering unhealthy debt, and enhancing the debtor expertise with transparency and environment friendly communication. Payt will proceed to innovate and increase its providing for its prospects, with new fee choices and upcoming roll-out of recent AI capabilities which is able to additional automate buyer communication and fee predictions.
Sander Kamstra, Co-founder and board member of Payt, said: “Partnering with Partech marks a pivotal second for Payt. We discovered wonderful synergy with them and are enthusiastic in regards to the alternative to collaborate with them. Their experience will likely be invaluable as we increase our modern options throughout Europe.”
Since its inception over a decade in the past, Payt has emerged because the market chief in accounts receivable SaaS options within the Netherlands, serving over 13,000 customers with excessive buyer satisfaction. With profitable expansions into Belgium, Germany, and the UK, Payt is poised for additional development.
Already a market chief within the Netherlands, Payt has skilled sturdy worldwide development in recent times main the crew to search for a companion to gas its European growth and increase its capabilities within the ‘Workplace of the CFO’ software program phase. Partech’s expertise in scaling high-growth software program corporations makes them the proper companion to attain these ambitions.
Bruno Crémel, Basic Companion at Partech, added: “Payt’s user-friendly software program revolutionizes the accounts receivable course of, and we’re thrilled to assist their development journey and worldwide growth.”
Payt has been suggested by Emendo Capital (M&A) and DeBreij (Authorized), Undertaking Moore (Authorized), Sincerius (Finance), and Atlas (Tax). Partech has been suggested by Van Lanschot Kempen (M&A), Jones Day (Authorized), Code & Co. (Expertise & Product), and EY (Finance & Tax).