Payfit, a France-based payroll management platform for SMEs, raised €5m in funding.
The round was led by Otium Capital and Xavier Niel, with participation from Geoffroy Roux de Bézieux, Jean-Daniel Guyot, Oleg Tscheltzoff and TheFamily.
The company intends to use the funds to continue to expand operations in France and abroad.
Launched in 2016 by Ghislain de Fontenay, Florian Fournier, and CEO Firmin Zocchetto, Payfit provides a software-as-a-service platform that allows small and medium enterprises to pay their employees.
The company has more than 250 customers including Anaxago, Lunettes Pour Tous, Sellsy, Aircall, Trusk, Agricool, La Belle Assiette, Heetch etc.