About PayFit
PayFit is a company based in Paris (France) founded in 2016 by Ghislain De Fontenay, Florian Fournier, and Firmin Zocchetto.. PayFit has raised $496.21 million across 5 funding rounds from investors including Accel, General Atlantic and Eurazeo. The company has 82 employees as of December 31, 2022. PayFit offers products and services including Payroll Management, HR Management System, Expense Management, and Leave and Absences. PayFit operates in a competitive market with competitors including Workday, Gusto, SuccessFactors, Kronos and Justworks, among others.
- Headquarter Paris, France
- Employees 82 as on 31 Dec, 2022
- Founders Ghislain De Fontenay, Florian Fournier, Firmin Zocchetto
- Stage Unicorn
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$496.21 M (USD)
in 5 rounds
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Latest Funding Round
$289 M (USD), Series E
Jan 06, 2022
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Investors
Accel
& 12 more
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Employee Count
82
as on Dec 31, 2022
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Products & Services of PayFit
PayFit offers a comprehensive portfolio of products and services, including Payroll Management, HR Management System, Expense Management, and Leave and Absences. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Automates UK payroll tasks and HMRC submissions for businesses.
Streamlines employee leaves, expenses, and performance tracking.
Enables expense submission and policy enforcement for employees.
Manages holiday requests and updates employee records efficiently.
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Product Management Team
46 people
Human Resources and Administration
12 people
Software Development Team
12 people
Creative and Marketing Team
8 people
Leadership Team
4 people
Senior Team
4 people
Finance and Accounting
3 people
Content Team
2 people
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Funding Insights of PayFit
PayFit has successfully raised a total of $496.21M across 5 strategic funding rounds. The most recent funding activity was a Series E round of $289 million completed in January 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series E — $289.0M
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First Round
First Round
(11 Oct 2016)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2022 | Amount | Series E - PayFit | Valuation | General Atlantic | |
| Mar, 2021 | Amount | Series D - PayFit | Valuation | Bpifrance , Eurazeo | |
| Jun, 2019 | Amount | Series C - PayFit | Valuation | Eurazeo , Bpifrance |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in PayFit
PayFit has secured backing from 13 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Accel, General Atlantic and Eurazeo. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private equity fund focused on global markets
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Founded Year | Domain | Location | |
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Private equity and debt investments are managed across multiple sectors.
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Founded Year | Domain | Location | |
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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by PayFit
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - PayFit
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Payfit Comparisons
Competitors of PayFit
PayFit operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Workday, Gusto, SuccessFactors, Kronos and Justworks, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based HR and financial software is delivered to enterprises.
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| domain | founded_year | HQ Location |
Cloud-based HR and payroll solutions are offered for small businesses.
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| domain | founded_year | HQ Location |
Cloud-based human capital management software is delivered globally.
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| domain | founded_year | HQ Location |
HCM software solutions for enterprise workforce management are provided.
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| domain | founded_year | HQ Location |
Benefits administration and payroll management are provided for businesses.
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| domain | founded_year | HQ Location |
Cloud-based accounting and payroll solutions for small and medium businesses
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Payfit
Frequently Asked Questions about PayFit
When was PayFit founded?
PayFit was founded in 2016.
Where is PayFit located?
PayFit is headquartered in Paris, France.
Who is the current CEO of PayFit?
Firmin Zocchetto is the current CEO of PayFit. They have also founded this company.
Is PayFit a funded company?
PayFit is a funded company, having raised a total of $496.21M across 5 funding rounds to date. The company's 1st funding round was a Series C of $78.44M, raised on Oct 11, 2016.
How many employees does PayFit have?
As of Dec 31, 2022, the latest employee count at PayFit is 82.
What does PayFit do?
PayFit was founded in 2016 in Paris, France, as a provider of cloud-based payroll and HR management solutions. Operations focus on wage management, expense reporting, employee management, leave management, workflow management, onboarding, and organizational management. Services are delivered through a subscription-based pricing model to support businesses in streamlining administrative processes. The company serves clients primarily in the European market.
Who are the top competitors of PayFit?
PayFit's top competitors include Workday, Gusto and SuccessFactors.
What products or services does PayFit offer?
PayFit offers Payroll Management, HR Management System, Expense Management, and Leave and Absences.
Who are PayFit's investors?
PayFit has 13 investors. Key investors include Accel, General Atlantic, Eurazeo, Bpifrance, and Kima Ventures.
What is PayFit's valuation?
The valuation of PayFit is $2.1B as of Jan 2022.
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