# Paynest Portugal Unipessoal LDA

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/paynest-portugal-unipessoal-lda

- Industry: Financial Services
- Headquarters: Lisboa, Portugal
- Website: www.paynest.co
- Total disclosed funding: $2.2M
- Latest round: Seed (Dec 12, 2023)
- Investors on record: 4

## About

Based in Lisboa, Portugal, and founded in 2022, Paynest Portugal Unipessoal LDA offers a comprehensive suite of services, including pay-on-demand, financial coaching, and access to future pay, all consolidated within a user-friendly platform. In December 2023, Paynest Portugal Unipessoal LDA raised EUR 2 million in seed funding led by investor Lince Capital, with participation from other investors BlueCrow Capital, CTT, and M4 Ventures.


The company offers Paynest, a platform that allows instant access to salaries without any associated fees or interest to employees. The platform also offers valuable financial coaching resources, featuring articles and tools to guide individuals through significant financial decisions. Additionally, users can effortlessly plan for future expenses or unforeseen circumstances by accessing their future salaries, eliminating the need for predatory loans. In addition, Paynest ensures secure transactions through its banking partner, seamless integration with payroll processes, and robust data protection measures.


The company plans to use the December 2023 funding to enhance product development and support its market position.

## Funding rounds

- Seed, Dec 12, 2023, $2.2M — CTT, BlueCrow Capital, Lince Capital, M4 Ventures

## Investors

- CTT — Seed
- BlueCrow Capital (https://capitalatlas.ai/funds/bluecrow-capital) — Seed
- Lince Capital (https://capitalatlas.ai/funds/lince-capital) — Seed
- M4 Ventures (https://capitalatlas.ai/funds/m4-ventures) — Seed