Payfit
Latest round
- Series E
Last raised
- Jan 2022
Total raised
- $456M
Investors
- 9
About Payfit
Based in France, Payfit SAS, also known as PayFiters, operates as a provider of payroll and employee management platform which helps small and medium enterprises to automate real-time information (RTI) submissions and payslips of their employees. At the 2019 VivaTech show, PayFit received the award of nest European unicorn in the B2B category for SMEs. The company was founded in 2015 by Ghislain, Firmin, and Florian with the idea of automating complicated payroll processes in France. PayFit serves over 5,000 SMEs in France, Spain, Germany, and the UK and has 500 employees located in offices in Paris, Barcelona, Berlin, and London. The company expanded in Spain and Germany in 2018, the UK in 2019, and Italy in 2021. The company operates on a B2B (Business to Business) Model. The services provided by the company can be categorized into two broad categories: Payroll and HRIS (Human Resource Information System). Payroll management includes automatic payslip generation, real-time automatic changes in payslips like the addition of bonus or accepting an expense, processing the payroll correctly by completing all tasks, simple finalizing of payroll, transferring of payroll data directly into accounting software, and quickly transferring pay slips to bank accounts. HRIS allows employees to have access to their own portals which records their leaves and absences, allows quick scanning of expenses and payslip integration, simplifies hierarchical structures and rights management through organizational charts which record the responsibilities of the team, and allows easy onboarding of new employees. The major customers of the company are small businesses with up to 50 employees and medium businesses with more than 50 employees. The company generates revenue from the subscription of its platform packages, which include Light (GBP 5 per employee per month plus GBP 29 base fee), Standard (GBP 6 per employee per month plus GBP 65 base fee), and Premium (GBP 7 per employee per month plus GBP 116 base fee).
Who invested in Payfit
9 investors across 6 rounds
See all investors in Payfit
Sign up free to see every VC on the cap table, the rounds they joined, and how much each round raised.
Questions about Payfit
Who invested in Payfit?
Payfit has 9 investors on record across 6 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Payfit raised?
Payfit has raised 6 venture rounds. Sign up free to see how much each round raised and the total.
When did Payfit last raise money?
Payfit's most recent round on record is a Series E, in Jan 2022.
What does Payfit do?
Based in France, Payfit SAS, also known as PayFiters, operates as a provider of payroll and employee management platform which helps small and medium enterprises to automate real-time information (RTI) submissions and payslips of their employees.
Where is Payfit headquartered?
Payfit is headquartered in Paris, France.
Which VCs invest in companies like Payfit?
Among active investors with capital left to deploy, Index Ventures, European Investment Bank, Highland Europe and Marktlink Capital back software companies at Payfit's stage. Their profiles are linked below.
VCs backing software startups at Series E
Raising like Payfit? Find the right VCs.
Capital Atlas matches your startup to active investors by stage, sector and region.