Engagement — Platform Due Diligence
Code & Co. advises Partech Partners on Tech & Product Due Diligence ahead of its investment in Payt, a leading accounts receivable SaaS platform.
Payt, a leading accounts receivable SaaS platform, announced a minority investment from Partech through its growth fund. Partech will invest €55 million in Payt. This strategic partnership will accelerate Payt's expansion across Europe.
Scope of Work
Code & Co. conducted a comprehensive audit of Payt’s cloud-native SaaS platform. This included a review of Payt’s architecture, infrastructure, technology stack, cybersecurity processes, and open-source procedures. Code & Co. further analyzed Payt’s product roadmap, operations including customer integration and roll-out, and customer support practices. Code & Co. further assessed Payt’s team structure, software development lifecycle, and quality management practices.
About Payt
Founded in 2012, Payt is a leading accounts receivable SaaS platform headquartered in the Netherlands. The platform is highly configurable, with integrations to the vast majority of ERP and bookkeeping systems, creating a compelling international product-market fit. Consequently, since its inception, Payt has evolved into a national champion, serving over 4,000 loyal and diversified clients across the Netherlands, Belgium, UK and Germany.
About Partech
Partech is a global tech investment firm headquartered in Paris, with offices in Berlin, Dakar, Dubai, Nairobi, and San Francisco. Partech brings together capital, operational experience, and strategic support to back entrepreneurs from seed to growth stage. Born in San Francisco 40 years ago, today Partech manages €2.5B AUM and a current portfolio of 220 companies, spread across 40 countries and 4 continents. This is Partech’s growth strategy’s third investment in the Netherlands, also including Amsterdam based Studocu and Utrecht based Channable.