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About PayFit
Industries
Consulting
Enterprise Software
Company Size
501-1,000
Company Stage
Series E
Total Funding
$463.8M
Headquarters
Paris, France
Founded
2015
Overview
PayFit provides a software solution that streamlines payroll management and human resources processes for small and medium-sized businesses (SMBs). Their platform is designed to be user-friendly and automated, allowing business owners and HR professionals to efficiently manage payroll tasks, which saves them time and reduces costs. PayFit operates mainly in France, Spain, and the UK, serving over 6,500 companies, including well-known brands like Biocoop, Heetch, and Gymlib. Unlike many competitors, PayFit focuses on a subscription-based model that offers a comprehensive suite of features to assist in the digital transformation of HR management. The company's goal is to enable businesses to concentrate on their employees by simplifying administrative tasks.
Simplify's Take
What believers are saying
- Recent €254M funding round boosts PayFit's growth and market expansion potential.
- Integration with AI-driven analytics enhances payroll and HR solutions for SMBs.
- Rising demand for cloud-based HR solutions aligns with PayFit's SaaS model.
What critics are saying
- Increased competition from Pento could challenge PayFit's market share.
- Integration with BambooHR may expose PayFit to data privacy risks.
- Caroline Leroy's move to Platform.sh could lead to talent poaching.
What makes PayFit unique
- PayFit automates payroll and HR for SMBs with a user-friendly SaaS platform.
- The company supports digital transformation with a range of product features and services.
- PayFit operates in France, Spain, and the UK, serving over 6,500 companies.
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Funding
Total Funding
$463.8M
Above
Industry Average
Funded Over
6 Rounds
Accel
First Round CapitalIndustry standards
Benefits
An amazing working environment, designed for kindness and blossoming
An attractive remuneration package
An international and dynamic team with the opportunity to visit our different offices (Paris, Berlin, Barcelona, London, Milano)
WFA (work from anywhere policy)
A gym inside the office and Gymlib subscription with preferential rate
Regular team and global events (workshops for a big variety of topics, sport, well-being, time and priority management, sophrology...)
Restaurant tickets
4 weeks of paternity leave (fully covered) and 20 weeks of maternity leave (fully covered)
Henner insurance
Great coffee, fruits, snacks, foosball, MPG Teams or even team yoga classes
MacBooks are our standard, but we'll provide whatever equipment you need to help you get your job done!
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 0%2 year growth
↓ -1%Caroline Leroy has been appointed Chief People Officer, bringing with her extensive experience in HR and CPO roles within financial services, retail technology, and healthcare, including roles at Mastercard and PayFit.
March 2022: BambooHR collaborated with Pento and PayFit, which offer payroll software solutions, to integrate them into its marketplace platform.
The premier source of European technology news, data, research, analysis and in-depth market intelligence.
PayFit, a Paris-based startup that aims to simplify payroll and HR processes for companies, announced on Thursday that it has raised €254M in a Series E round at a valuation of €1.82B. The funding round was led by General Atlantic along with existing investors Eurazeo, Bpifrance and Accel Ventures. The French company says it intends []
French startup PayFit just announced that it closed a new $289 million Series E round (€254 million) before the holidays. Following this round, the startup has reached a post-money valuation of $2.1 billion (€1.82 billion). The company has been building a payroll and HR software-as-a-service platform for small and medium companies. It is operating in […]
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About PayFit
Industries
Consulting
Enterprise Software
Company Size
501-1,000
Company Stage
Series E
Total Funding
$463.8M
Headquarters
Paris, France
Founded
2015
There are no jobs for PayFit right now.
Find jobs on Simplify and start your career today