Payt, a Groningen, The Netherlands-based provider of an accounts receivable SaaS platform, raised €55m in funding.
Partech will make a €55m investment in the company.
Payt will use the funds to accelerate expansion across Europe and expand its offering for its customers, with new payment options and upcoming roll-out of new AI capabilities which will further automate customer communication and payment predictions.
Founded in 2012 and led by Sander Kamstra, Payt is an accounts receivable SaaS platform with integrations to the majority of ERP and bookkeeping systems. Its software automates the accounts receivable process, improving collection time, reducing bad debt, and enhancing the debtor experience with transparency and efficient communication.
The currently company serves over 4,000 clients across the Netherlands, Belgium, UK and Germany.
FinSMEs
29/07/2024