Payfit

Payfit is a payroll and HR platform for small and mid-sized companies, headquartered in Paris and founded in 2015. It states that more than 22,000 businesses use it and operates in France, the UK and Spain. In 2022 Payfit raised 254 million euros in a Series E round led by General Atlantic at a valuation of 1.82 billion euros, with Eurazeo, Bpifrance and Accel among its investors.

Features

• Payroll automation, in the UK as a managed service with a dedicated payroll expert and submissions to HMRC.
• HR data connected to payroll, with leave and absence management, expenses, performance reviews and reporting.
• Integrations with accounting and finance tools such as Xero, QuickBooks and Spendesk, and with HR tools such as BambooHR and HiBob.
• Employee surveys, contract templates, online contract signing and an AI assistant.

Pricing and limits

Payfit is sold as a subscription per employee, with no price list on the homepage. Its payroll depends on national rules, so it covers only the countries it serves.