Payflip

Payflip is a Belgian HR technology company that supplies software for managing flexible remuneration plans, also known in Belgium as cafeteria plans. Employees use a web-based "benefit e-shop" in which they can spend allocated budgets on fringe benefits, sign the related documents and simulate the tax effect of their choices. Available benefits span extra statutory holidays, multimedia devices (smartphones, laptops, tablets and accessories), individual (third-pillar) pension savings, warrants, cash payout of budgets, cars and car upgrades, bicycle leasing, shared mobility and public transport. Budgets that can be flexibilised include the cost of a company car, the end-of-year bonus, individual bonuses such as sales commissions, a percentage of salary, or newly created budgets such as a training or smartphone budget, subject to the applicable joint committee.

On the employer side, HR administrators configure budgets, open specific benefits, upload employee data, handle communication with the social secretariat and approve or reject employee choices. The product line is presented as flexible remuneration, cafeteria plan, mobility budget and meal vouchers, with digital integrations to payroll, finance tools and benefit providers, and purchasing partners such as Coolblue and bicycle leasing companies. Payflip states an ambition to develop the traditional cafeteria plan into an all-in-one marketplace for employee benefits.

The company also publishes content on Belgian compensation topics, including a salary guide, e-books, webinars, surveys and a blog covering pay transparency, indexation, meal vouchers and the mobility budget.

Founding story

Co-founders Maura Nachtergaele, Filip Van Doninck and Jon Lopez Garcia each experienced dissatisfaction with standard Belgian salary packages, in Nachtergaele's case an unwanted company car. Drawing on her background in law and taxation, she designed an alternative reward package that was cost-neutral to her employer, then helped Van Doninck do the same; both found that HR departments lacked the expertise and that information from lawyers, social secretariats and bookkeepers was fragmented. The three began building a website and interviewing HR managers nights and weekends, positioned Payflip as a modern salary partner for small and mid-sized companies, and after signing 10 to 20 clients within six months moved to the venture full-time.

Business model

B2B software-as-a-service sold to employers, who deploy the platform to their employees; the website lists a public pricing page and a sales-led demo booking process. Employees purchase benefits through integrated third-party partners within the tool.

Traction

At the time of the 2023 round Payflip employed 15 people, served more than 400 employer clients and around 15,000 employees. Subsequent company communications reference more than 1,300 client companies, and the website states that 1,500+ companies use the platform. The About page lists roughly 30 team members across engineering, product, sales, customer success, marketing and finance.

Latest developments

Payflip states it has been recognised by the FOD Economie as the fourth official issuer of meal vouchers in Belgium. The company published a 2026 salary guide and content on the 2026 meal-voucher increase, the 2026 indexation rules, the new PC226 sectoral agreement effective January 2026 and the mandatory mobility budget reform from 2027, and is recruiting for open roles.