PayFit: Raises €254 million to strengthen its payroll solution for SMEs

PayFit: Raises €254 million to strengthen its payroll solution for SMEs

  • PayFit simplifies and automates payroll and HR processes for businesses of all sizes
  • Raised €254 million (£216M) in a Series E funding round, a record-breaking amount for a French HR tech
  • This round now makes us a unicorn with a valuation of €1.82 billion
  • General Atlantic, a leading global growth equity firm, led the round, with participation from our existing investors Eurazeo
  • The platform enables HR managers, finance managers, and business owners to easily conduct payroll calculations
  • Marks General Atlantic’s seventh investment in France’s technology ecosystem over the last five years
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

NYSE Parent Invests $600M in Polymarket, Strengthening Market Position

This significant investment signals confidence in the future of predictive markets.Highlights: NYSE's parent company allocates $600M to Polymarket.Investment...

Nexi Expands SEPA Direct Debit with Danish Banks, Enhancing Payments Integration

Nexi's collaboration with Danish banks aims to strengthen payment services across Europe.Highlights: Nexi partners with several Danish banks...

Lloyds Confirms App Glitch Exposed Data of Almost Half a Million Customers

The significant data breach prompts concerns over customer privacy.Highlights: Lloyds Banking Group admits to a data breach affecting...

Mastercard Restricts Sale of Nets Payments Unit Purchased for $3.2 Billion

Mastercard looks to divest its Nets payments segment as part of strategic realignment.Highlights: Mastercard is seeking to sell...