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PayFit

Cloud-based payroll and HR management platform designed for small businesses and SMEs

Founded in
2015
Headquarters
Paris, France
Visit the website Request an update

Overview

Cloud-based payroll and HR management platform designed for small businesses and SMEs, enabling companies to automate their entire payroll process without requiring prior accounting expertise. Founded on September 14, 2015 by Florian Fournier, Firmin Zocchetto and Ghislain de Fontenay, PayFit serves more than 20,000 companies with around 1,050 employees spread across France, Spain and the United Kingdom. Valued at 1.82 billion euros following a record 254 million euro funding round in 2022, PayFit achieved French unicorn status and has raised 433 million euros in cumulative funding since its inception. The platform automatically integrates more than 600 legal and collective-bargaining updates every year and reports a 90% reduction in the time business owners and HR teams spend on payroll. The PayFit Copilot AI assistant, available 24/7, answers payroll and HR questions in natural language. ISO/IEC 27001 certification guarantees the security of the data processed, while integrations with more than 50 partners (Swile, Alan, Qonto, Pennylane) connect PayFit to a company's wider tool ecosystem. The onboarding process is designed to be operational in under 3 hours, with a full migration completed in 2 weeks. 433M EUR raised in total (including 254M EUR in 2022), 1.82B EUR valuation (unicorn), 20,000+ client companies, around 1,050 employees, ISO 27001 certified, present in France, Spain and the United Kingdom

Reported 90% reduction in the time spent on payroll management thanks to full automation

Key features

Intuitive interface requiring no prior expertise in payroll or employment law

More than 600 legal and collective-bargaining updates integrated automatically every year with no user intervention

More than 50 partner integrations with everyday tools (Swile, Alan, Qonto, Pennylane, Slack)

Personalized employee portal with self-service access to documents and leave requests

Up and running in under 3 hours, with full migration in 2 weeks at most

ISO/IEC 27001 certification for information security and full GDPR compliance

Reported 90% reduction in the time spent on payroll management

Estimated savings of 27,000 euros over 3 years for a company with 15 employees

Pricing

Subscription
26 EUR
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Who is it for?

Business founders running their very first payroll with no prior knowledgeSmall businesses with 1 to 9 employees looking for a simple, self-service solutionSMEs with 10 to 500 employees wanting to automate and strengthen their payroll processesNonprofits and not-for-profit organizations with specific payroll needsTarget sectors: services, retail, hospitality, healthcare, consulting and technology

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