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
-
Sectors
Technology
-
Email
Locked
-
Phone
Locked
-
Website
Locked
-
Social
Locked
-
Annual Revenue
Not available
-
Net Profit
Not available
-
EBITDA
Not available
-
Total Equity Funding
$496.21 M (USD)
in 5 rounds
-
Latest Funding Round
$289 M (USD), Series E
Jan 06, 2022
-
Investors
Accel
& 12 more
-
Employee Count
82
as on Dec 31, 2022
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
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.
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.
People of PayFit
Unlock access to complete
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
Unlock access to complete
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.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Private equity fund focused on global markets
|
Locked | Locked | Locked | |
|
Private equity and debt investments are managed across multiple sectors.
|
Locked | Locked | Locked | |
|
Accel is recognized as a leading venture capital firm.
|
Locked | Locked | Locked |
Investor details for PayFit
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by PayFit
Investment portfolio details for PayFit
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
Financial Statements - PayFit
Detailed financials for PayFit
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Payfit Comparisons
Peer comparison for PayFit
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
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.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
Cloud-based HR and financial software is delivered to enterprises.
|
|
| Locked | Locked | Locked |
Cloud-based HR and payroll solutions are offered for small businesses.
|
|
| Locked | Locked | Locked |
Cloud-based human capital management software is delivered globally.
|
|
| Locked | Locked | Locked |
HCM software solutions for enterprise workforce management are provided.
|
|
| Locked | Locked | Locked |
Benefits administration and payroll management are provided for businesses.
|
|
| Locked | Locked | Locked |
Cloud-based accounting and payroll solutions for small and medium businesses
|
Detailed competitors of PayFit
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Payfit
Complete news archive for PayFit
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about PayFit
PayFit was founded in 2016.
PayFit is headquartered in Paris, France.
Firmin Zocchetto is the current CEO of PayFit. They have also founded this company.
PayFit is a funded company, having raised a total of $496.21M across 5 funding rounds to date.
As of Dec 31, 2022, the latest employee count at PayFit is 82.
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.
PayFit's top competitors include Workday, Gusto and SuccessFactors.
PayFit offers Payroll Management, HR Management System, Expense Management, and Leave and Absences.
PayFit has 13 investors. Key investors include Accel, General Atlantic, Eurazeo, Bpifrance, and Kima Ventures.
The valuation of PayFit is $2.1B as of Jan 2022.