PayFit

PayFit is an integrated payroll and HR management platform that simplifies payroll management and HR processes for SMBs.

PayFit automates everything from HMRC RTI submissions and payslips to employee leaves and expenses.

Payfit was founded in 2015 by Firmin Zocchetto, Ghislain de Fontenay and Florian Fournier. The company is headquartered in Paris, Ile-de-France, France.

PayFit offers more than just an automated payroll and HR software. It provides you with the control of in-house payroll combined with the benefits of outsourced payroll.

PayFit's solution makes it possible to manage the hiring of an employee, pay slips, social declarations (DSN, DPAE, Pôle Emploi certificate, etc.), paid leave, end of contract, expense reports, etc.

 

PayFit has expanded beyond payroll to tackle a bigger chunk of the HR stack. Each employee gets its own PayFit login to access their payslips. The PayFit app enables you to manage your payroll and HR tasks quickly and in real-time, all while ensuring you remain 100% compliant.

PayFit can also become your central repository for expenses and receipts. The company already has everyone’s bank information, which makes it easier to transfer money back to an employee for a cash expense.

PayFit has attracted 5,000 clients that employ 100,000 employees overall — that’s an average of 20 employees per company. Some of the biggest clients include Revolut, Starling Bank and Treatwell.

 

PayFit is backed by Accel, Eurazeo Growth Large Venture, BPI France, Frst, Otium Capital and others. The company raised €90M ($107M) in Series D round on Mar 17, 2021. This brings PayFit's total funding to $208.4M to date.

 

 

  • Year founded: 2015
  • Funding Info: $208.4M over 5 Rounds (Latest Funding Type: Series D)
  • Yearly Revenue: NA
  • Employee Size: 501-1,000
  • Business Valuation: NA
  • City/Town: Paris
  • State: Ile-de-France
  • Country: France
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