GRONINGEN, 25 July 2024 – Payt, a leading SaaS platform for accounts receivable management, proudly announces a strategic minority investment of €55 million from Partech’s growth fund. This collaboration will accelerate Payt’s European expansion.
Market leadership and growth
Founded over a decade ago, Payt has become the market leader in SaaS-based accounts receivable management in the Netherlands. The platform automates invoice processing and improves payment performance for thousands of organisations. With over 13,000 active users and successful entries into Belgium, Germany, and the United Kingdom, Payt is now preparing for the next phase of European growth.
A strategic partnership for scaling
Operating within the ‘Office of the CFO’ software domain, Payt has seen strong international momentum in recent years. To build on this, Payt sought a strategic partner with deep experience in scaling software companies across borders. Partech, known for supporting high-growth software businesses, proved to be the ideal partner.
Sander Kamstra, co-founder and board member of Payt, commented:
“This partnership with Partech marks a pivotal step in Payt’s journey. We’ve found excellent synergy, and we’re excited to move forward together. Their expertise will be instrumental in rolling out our innovative solutions more widely across Europe.”
Bruno Crémel, General Partner at Partech, added:
“Payt’s intuitive software is redefining accounts receivable management. We’re delighted to support their continued growth and international scale-up.”
Vision and future plans
Payt’s platform offers automated accounts receivable management that leads to faster payments, significant time savings, fewer doubtful debts, and a smoother experience for debtors through transparent communication. The company is committed to continuous innovation—plans include expanded payment options and AI-driven tools to automate customer communication and enhance payment forecasting.
Advisors to the transaction
Payt was advised by:
- Emendo Capital (M&A)
- DeBreij and Project Moore (Legal)
- Sincerius (Financial)
- Atlas (Tax)
Partech was advised by:
- Van Lanschot Kempen (M&A)
- Jones Day (Legal)
- Code & Co. (Technology & Product)
- EY (Financial & Tax)
About Payt
Founded in 2012 and headquartered in the Netherlands, Payt is a leading SaaS platform for accounts receivable management. The platform integrates with over 600 accounting and sector-specific systems, enabling an exceptional international product-market fit. Payt supports more than 4,000 businesses across the Netherlands, Belgium, the UK, and Germany.
A customer, Quooker, shares:
Quooker: “When we went live with Payt and sent out all outstanding reminders, the money literally started flowing in. Additionally, Payt has helped us fine-tune things internally, as the software takes a lot of work off our hands.”
Payt’s co-founders and board members (from left to right): Sander Kamstra, Jelger Gustafsson, Aziz Al-Harazi, Rob Rustenburg.
About Partech
Partech is a global technology investment firm headquartered in Paris, with offices in Berlin, Dakar, Dubai, Nairobi, and San Francisco. Backed by 40 years of experience, Partech supports entrepreneurs at all stages with capital, operational expertise, and strategic support. The firm manages €2.5 billion in assets under management and holds investments in 220 companies across 40 countries and 4 continents. This investment marks Partech’s third Dutch growth investment, following earlier investments in Studocu and Channable.
International press articles:
Silicon Canals
Tech.eu
EU Startups
Tech Funding News
The SaaS News
Dutch press articles:
AccountancyWorld
