Paynest: The 5th startup invested by the Techtree/CTT investment fund

20 de Dezembro, 2023

The TechTree investment fund, launched by CTT to support innovation activities in small and medium-sized companies and start-ups, invested in the Portuguese start-up Paynest, a platform that helps employers bring financial wellness to all of their employees with ease.

The platform It’s pay on-demand, financial coaching, access to future pay, and much more, on a single convenient platform. It aims to support business by providing their teams with the most impactful employee perks. And the end results are known: talent attraction, employee retention, productivity increase and a deeper brand sentiment.

With this seed investment round worth two million euros, the fintech has already accumulated a total of 2.5 million euros raised in just one year of operation. The capital "will be used to develop its product , as well as strengthening its team, increasing its customer base and taking its solutions to more European markets."

Founded in November 2022, Paynest is present in Portugal, Greece and France and offers flexible salary payment, financial literacy and expense management solutions.

This is the fifth start-up in which the TechTree fund is committed, and the operationalization and follow-up of this investment, and all those that arise in the future, will be carried out by CTT's program of interaction with start-ups, the 1520 StartuProgram.