Payflow is an on-demand salary fintech that allows employees to receive an advance on the salary they have already earned, via an app and with no interest. Founded in Barcelona in 2020 and a Y Combinator alumnus, it now serves over 1,000 corporate clients and has more than half a million users.
The challenge
With their rapid growth and massive transaction volume, their previous advisory firm became too small, too slow, and lacked the expertise needed to keep pace with a scaling fintech.
The solution with Zinco
Zinco took over their accounting, tax, and payroll and employment advisory needs. A team that understands the volume and speed at which a fintech operates, and that syncs with their systems to keep accounting up to date without friction.
Results
The change was radical: accounting is now up to date despite the extremely high volume, and the team dedicated to coordinating with the advisory firm was reduced from four people to two. In the payroll and employment area, a better understanding of the process has even allowed them to offer new services to their own clients' employees.
“The experience of working with Zinco has been fantastic: you can feel the care in every interaction, and that is truly appreciated.”
- Payflow
Services with Zinco: Accounting · Tax · Payroll & Employment
Uberall relies on Zinco to support its operations in Spain through coordinated accounting, tax, payroll and employment, and legal services.
Embat trusts Zinco with its payroll and employment management, combining accurate calculations, up-to-date withholdings and responsive support for its employees.
Zinco helped Payflow bring its high-volume accounting up to date and free up internal resources through coordinated accounting, tax, and payroll and employment advisory services.
