Getpaid, a European payments startup focused on marketplaces and platforms, has successfully raised $6 million in a seed funding round led by Nordic investor Inventure, with support from Picus Capital and notable business angels from the payments and marketplace sector.
As the fintech industry positions itself for growth, a notable group referred to as the ‘Tink mafia’ is gaining influence following Visa’s 2021 acquisition of Tink for €1.8 billion. Gwen Sandberg, who previously served as the global head of SMB and growth at Tink and is a former colleague of getpaid’s founder and CEO Cyrosch Kalateh, led the funding round for Inventure.
Getpaid aims to address the challenges of multi-party interactions common in B2B platforms. The company simplifies payment splitting, fee management, and commission handling across various parties and regions, while enhancing payout timings through integrated payment and financial operations.
“If a platform wants to offer invoice payments with net terms, cards, direct debits, and split payments among three different parties in various countries with different payout rules, it should essentially be just a few clicks,” said Gonzalo Ruiz, co-founder and CTO of getpaid. “Achieving this requires platform-specific payment capabilities, innovative use of aggregated data, and the application of artificial intelligence—without the need to expand payment operations teams just to handle reconciling and chasing workarounds.”
Getpaid has already onboarded several customers and secured additional contracts, representing over €600 million in GMV across various B2B marketplaces and platforms.
The company operates offices in Düsseldorf and Madrid, with a small team of industry veterans from Microsoft, Google, American Express, Tink, and Payvision.