Payday

Payday is an Icelandic startup simplifying invoicing and public debt payments for independent individuals and small to medium-sized enterprises. Founded in 2017, the company offers an automated account creation process that seamlessly integrates with online banking platforms. Users can track the status of their accounts and opt to receive their wages automatically once they are paid.

The core focus of Payday is to handle all public debt payments, including taxes, pension funds, and value-added tax, without requiring user intervention. Its expertise lies in the Financial Services and Information Technology sectors, reflecting its commitment to innovatively addressing economic challenges.

Although no recent investment information is available, Payday presents an intriguing opportunity for investors seeking to support disruptive financial technology startups in Iceland. The company's effort to streamline financial processes and enhance the economic autonomy of freelancers and small businesses positions it as a potential catalyst for transformation in the financial services industry.