PayFit

PayFit

Automated payroll and HR management software

About

PayFit provides a software solution that streamlines payroll management and human resources processes for small and medium-sized businesses (SMBs). Its platform is designed to be fast and user-friendly, allowing business owners and HR professionals to automate 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 clients like Biocoop, Heetch, and Gymlib. Unlike many competitors, PayFit focuses on a subscription-based model that offers a comprehensive range of features to assist in the digital transformation of HR management. The company's goal is to enable businesses to concentrate more on their employees by simplifying administrative tasks.

Company Stage

Series E

Employees

501-1,000

Industries

Consulting, Enterprise Software

Total Funding

$463.8M

Headquarters

Paris, France

Founded

2015


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Simplify's Take

What believers are saying

  • Integration with AI tools can enhance PayFit's payroll and HR solutions.
  • The rise of remote work boosts demand for PayFit's cloud-based HR solutions.
  • Collaborations with fintech firms can enhance customer retention for PayFit.

What critics are saying

  • Increased competition from Pento could challenge PayFit's market share.
  • Integration into BambooHR's platform may pose data privacy risks.
  • Caroline Leroy's new role at Platform.sh could lead to talent poaching risks.

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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Growth & Insights
Headcount

6 month growth

-8%

1 year growth

-8%

2 year growth

-8%

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!

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