PayFit Secures Impressive €254M in Funding to Revolutionize Payroll and HR Management for SMBs

In a significant leap towards enhancing payroll and HR management for small and medium-sized businesses (SMBs), PayFit has successfully raised an impressive €254 million in its latest funding round. Founded in 2015, PayFit has emerged as a pioneering force in automating payroll processes and streamlining HR functions, enabling business owners and HR professionals to save crucial time and resources while focusing on what truly matters—their employees. This substantial investment will propel PayFit further into its mission of supporting the digital transformation of HR management, allowing the company to expand its already extensive range of product features and services. With a strong presence established in France, PayFit is rapidly gaining traction in Spain and the UK, amassing over 6,500 satisfied clients, including notable names like Biocoop, Heetch, and Gymlib. The infusion of funds will not only support the enhancement of their innovative SaaS solution but also drive PayFit's exponential growth trajectory and foster the adoption of efficient HR practices across Europe. With a robust team now exceeding 700 dedicated PayFiters, the company is poised to continue transforming the HR landscape, ensuring that businesses can operate more effectively and creatively in an increasingly competitive market. As PayFit embarks on this exciting new chapter, it remains committed to delivering exceptional value to its users and paving the way for a more streamlined approach to HR management in the digital age.