Payfit, a Paris, France-based payroll startup, secured €70m in funding.
The round, which brought total funding raised to date to €89m, was led by Eurazeo and Bpifrance, with participation from Accel, Frst and Xavier Niel.
The company intends to use the funds to continue developing its HR solution, open further offices in Europe, and double its workforce to 600 people in 2020, and to 1,000 in 2021.
Led by Firmin Zocchetto, CEO and co-founder, PayFit provides a solution that simplifies human resources management for SMEs by digitazing administrative and time-consuming tasks.
It currenty centralizes payroll, social declarations, absences and leave, expense reports, integration of new employees, employee directories, etc. Modules for annual interviews, talent and career management, etc., will complete the solution.
Three years after launch, the company now serves over 3000 SMEs in France, Spain, Germany and The UK, and has 300 employees in its offices in Paris, Barcelona, Berlin and London.