Paying employees across borders is a persistent challenge in HR tech. The latest payroll and HRIS provider to land funding focused on addressing that challenge is France-based PayFit.
From EU Startups:
“Payfit has today confirmed that it has raised a new funding round of €70 million, taking total funding raised to €89 million in total. Eurazeo and Bpifrance have lead the latest round of investment, which also includes participation from prior investors Accel, Frst and Xavier Niel.Launched in 2016, PayFit is pursuing its ambition to simplify human resources management for all SMEs in Europe. By digitalising these administrative and time-consuming tasks, PayFit frees up time for employers and employees, affording more time for the professional development of the employees of the SMEs that use PayFit.”