Paynest, a Lisbon-based financial wellbeing platform for employees, has recently secured a €2 million seed investment to fuel its European expansion. Led by Lince Capital, with contributions from BlueCrow Capital and others, this investment marks a significant milestone for the company founded in November 2022 by Nuno Pereira and Alexis Suberville. Paynest, gaining rapid traction in Portugal, Greece, and France, offers a comprehensive suite of financial benefits and literacy resources to enhance employee financial health. This funding boost is set to propel Paynest's mission to revolutionize financial well-being in the workplace across Europe.

Lisbon, Portugal — Paynest, a groundbreaking financial wellbeing platform based in Lisbon, has announced the successful closure of a €2 million seed funding round, setting the stage for its ambitious expansion across Europe. This significant investment was led by Lince Capital, with participation from BlueCrow Capital, TechTree CTT managed by Iberis Capital, and M4 Ventures managed by C2 Capital.

Founded in November 2022 by Nuno Pereira, Paynestquickly gained recognition in markets including Portugal, Greece, and France. The fresh capital influx will enable the company to enhance product development, expand its team, and accelerate its business growth throughout Europe.

As a comprehensive one-stop-shop for employee financial wellbeing, Paynest offers employers an array of integrated financial products and services designed to improve the financial health and welfare of their workforce. Beyond financial products, the platform also promotes financial literacy, featuring personalized articles on personal finance management and providing a team of expert coaches for confidential, personalized employee support.

Nuno Pereira, co-founder and CEO of Paynest, commented, “Even in a challenging global fundraising landscape, our mission has strongly resonated with our investors. We are thrilled to have their backing. With this round of funding, we are empowered to pursue our vision of enhancing the financial health of employees across Europe through a user-friendly platform.”

Tomás Lavin Peixe, Partner at Lince Capital, said, “We are excited about Paynest and its potential. In line with our strategy of investing in Portuguese companies with outstanding teams and disruptive potential, Paynest’s proven products and bold strategy position it ideally for success in the European market. The dozens of companies that already use Paynest are a testament to this, and we anticipate more and more European companies will adopt this solution as a means to attract and retain talent.”

As Paynest continues its expansion in the European market, the company is expected to further strengthen its product offerings, attracting more employers and employees. This funding not only provides Paynest with financial support but also lays a solid foundation for its growth in the global fintech arena.