Spain-based Payflow announced an additional USD $2.42 million of Seed funding, bringing the total raised to $4.26 million.

On-demand pay has been a trend for four or five years in the US, with firms like DailyPay innovating early as stand-alone providers and payroll providers like Paychex building or integrating the capability right into their tech platforms. The capability provides access to earned wages before payday and can be a lifesaver for some employees that take advantage of the service.

$206 million was invested in payroll tech providers globally in 2020. Get the full report on all 2020 global HR technology VC, here.

Source: Barcelona-based Payflow, a ‘salary on demand’ startup, lands €2 million to bring financial well-being to employees | EU-Startups

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