# Payfy S/A

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/payfy-s-a

- Industry: Software
- Headquarters: Brazil
- Website: www.payfy.io
- Total disclosed funding: $0.8M
- Latest round: Seed (Mar 9, 2023)
- Investors on record: 2

## About

Based in Brazil, and founded in 2019, Payfy S/A operates as a technology company that enables companies to manage their expenses, including corporate card issuance and software. In March 2023, Payfy S/A raised BRL 4 million in seed funding from Banco do Brasil. As of April 2023, the company has served more than 500 customers.

Payfy S/A offers expense management software that allows its clients to set spending limits, create approvals workflows, reconcile receipts, and track all payments their team makes in real-time. It provides complete control and visibility over the company's finances. Additionally, the company's smart payments feature allows employees to access company funds whenever they need, using virtual cards, physical cards, or cash with individual limits. The company's client base includes LG, P&G, Moura, and Unimed.

The company generates revenue by selling its product on an essential and expert subscription basis.

## Funding rounds

- Seed, Mar 9, 2023, $0.8M — Banco do Brasil, MSW Capital

## Investors

- Banco do Brasil — Seed
- MSW Capital (https://capitalatlas.ai/funds/msw-capital) — Seed