Launch year: 2016
Country: France
Funds raised: €70,000,000

Payfit, SaaS for small and middle companies

Concept description

Payfit Overview

  • Launched in 2016 in France, Payfit provides a software as a service for small and medium companies to manage the payroll and Human Ressources information from a web browser.
  • The idea is based on the fact that these administrative tasks could be time consuming or expensive when taken in charge by a third party.
  • Last but not least, the changes in the labor legislation can be difficult to monitor and enforce.

Payfit in 2020:

  • 300 employees
  • Offices in Paris, Barcelona, Berlin, London
  • 3 000 clients

Value proposition

Managing payroll can be difficult for big companies and very challenging for the small ones. Payfit success relies on the simplification of the customer experience by offering a service:

  • To digitalize the administrative and time consuming tasks
  • Cheaper than a third-party firm or a full Human Ressources department
  • Including expenses, vacation management tools

Illustration (Video)

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