PayFit valuation, funding and investors

PayFit works in payroll management software development, based in Paris, France. Founded in 2016, it has about 775 employees.

Tech Companies Paris Series E

VALUATION · TODAY

$996M −5% after Series E

Range $170M – $2.91B · Grade D

TODAY

+12 MO

$1.00B

$2.00B

$3.00B

$4.00B

2017

2018

2019

2020

2021

2022

2023

2024

2025

2026

2027

Seed $0.57M

Series B $15.9M

Series D $107M

Series E $287M

Valuation12-month outlook: where it points, how wide it fansHover the past: the outlook shows what was predicted then

HEADCOUNT · TODAY775 employees

−5%6m growth

−5%1y growth

+2%2y growth

500

1,000

1,500

Data from Jan 2021

TODAY

Predicted in 1 yr $950M −5% vs today

Predicted next raise $335M if a round comes

Winding-down probability 46%

Last round: Series E · $287M · Jan 2022
Valuation at last round: $2.10B
Headcount: 775 · flat
Grade: D
Founded: 2016

How VCMC values companies →

PayFit valuation today

VCMC values PayFit at $996M today, with a range of $170M to $2.9B and a grade of D. The valuation starts from its last funding round, a Series E round in Jan 2022.

Valuation by date (135 rows)

Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.

PayFit: valuation by date, as the model would have shown it on each date
Date	Valuation	Range	Predicted in 1 yr	Phase	Headcount	Trend	Grade	Winding-down probability
1 Jan 2016	$2.08M	$1.36M – $6.32M	$4.15M (+100%)	after a round	–	unknown	C	0%
2 Jan 2016	$2.08M	$1.36M – $6.32M	$4.15M (+100%)	after a round	–	unknown	C	0%
1 Feb 2016	$2.20M	$1.36M – $6.32M	$4.15M (+89%)	after a round	–	unknown	C	0%
1 Mar 2016	$2.33M	$1.36M – $6.32M	$4.15M (+78%)	after a round	–	unknown	C	0%
1 Apr 2016	$2.47M	$1.36M – $6.32M	$4.15M (+68%)	after a round	–	unknown	C	0%
1 May 2016	$2.61M	$1.36M – $6.32M	$4.15M (+59%)	after a round	–	unknown	C	0%
1 Jun 2016	$2.77M	$1.36M – $6.32M	$4.15M (+50%)	after a round	–	unknown	C	0%
1 Jul 2016	$2.93M	$1.36M – $6.32M	$4.15M (+42%)	after a round	–	unknown	C	0%
1 Aug 2016	$3.11M	$1.36M – $6.32M	$4.15M (+33%)	after a round	–	unknown	C	0%
1 Sep 2016	$3.30M	$1.36M – $6.32M	$4.15M (+26%)	after a round	–	unknown	C	0%
1 Oct 2016	$3.49M	$1.36M – $6.32M	$4.15M (+19%)	after a round	–	unknown	C	0%
1 Nov 2016	$3.70M	$1.36M – $6.32M	$4.15M (+12%)	after a round	–	unknown	C	0%
1 Dec 2016	$3.92M	$1.36M – $6.32M	$4.15M (+6%)	after a round	–	unknown	C	0%
1 Jan 2017	$4.15M	$1.36M – $6.32M	$4.15M (0%)	after a round	–	unknown	C	0%
1 Feb 2017	$4.15M	$1.30M – $6.32M	$4.15M (0%)	after a round	–	unknown	C	0%
1 Mar 2017	$4.15M	$1.24M – $6.32M	$4.15M (0%)	after a round	–	unknown	C	0%
1 Apr 2017	$4.15M	$1.18M – $6.32M	$4.15M (0%)	after a round	–	unknown	C	0%
1 May 2017	$4.15M	$1.12M – $6.32M	$4.15M (0%)	after a round	–	unknown	C	0%
1 Jun 2017	$4.15M	$1.06M – $6.32M	$4.15M (0%)	after a round	–	unknown	C	0%
1 Jul 2017	$4.15M	$1.01M – $6.32M	$4.15M (0%)	after a round	–	unknown	C	0%
7 Jul 2017	$50.0M	$35.2M – $106M	$75.0M (+50%)	after a round	–	unknown	B	0%
1 Aug 2017	$51.5M	$35.2M – $106M	$75.0M (+46%)	after a round	–	unknown	B	0%
1 Sep 2017	$53.3M	$35.2M – $106M	$75.0M (+41%)	after a round	–	unknown	B	0%
1 Oct 2017	$55.1M	$35.2M – $106M	$75.0M (+36%)	after a round	–	unknown	B	0%
1 Nov 2017	$57.0M	$35.2M – $106M	$75.0M (+32%)	after a round	–	unknown	B	0%
1 Dec 2017	$58.9M	$35.2M – $106M	$75.0M (+27%)	after a round	–	unknown	B	0%
1 Jan 2018	$61.0M	$35.2M – $106M	$75.0M (+23%)	after a round	–	unknown	B	0%
1 Feb 2018	$63.1M	$35.2M – $106M	$75.0M (+19%)	after a round	–	unknown	B	0%
1 Mar 2018	$65.1M	$35.2M – $106M	$75.0M (+15%)	after a round	–	unknown	B	0%
1 Apr 2018	$67.4M	$35.2M – $106M	$75.0M (+11%)	after a round	–	unknown	B	0%
1 May 2018	$69.7M	$35.2M – $106M	$75.0M (+8%)	after a round	–	unknown	B	0%
1 Jun 2018	$72.1M	$35.2M – $106M	$75.0M (+4%)	after a round	–	unknown	B	0%
1 Jul 2018	$74.6M	$35.2M – $106M	$75.0M (+1%)	after a round	–	unknown	B	0%
1 Aug 2018	$75.0M	$34.0M – $106M	$75.0M (0%)	after a round	–	unknown	B	0%
1 Sep 2018	$75.0M	$32.5M – $106M	$75.0M (0%)	after a round	–	unknown	B	0%
1 Oct 2018	$75.0M	$31.1M – $106M	$75.0M (0%)	after a round	–	unknown	C	0%
1 Nov 2018	$75.0M	$29.8M – $106M	$75.0M (0%)	after a round	–	unknown	C	0%
1 Dec 2018	$75.0M	$28.5M – $106M	$75.0M (0%)	after a round	–	unknown	C	0%
1 Jan 2019	$75.0M	$27.3M – $106M	$75.0M (0%)	after a round	–	unknown	C	0%
1 Feb 2019	$75.0M	$26.1M – $106M	$75.0M (0%)	after a round	–	unknown	C	0%
1 Mar 2019	$75.0M	$25.1M – $106M	$75.0M (0%)	after a round	–	unknown	C	0%
1 Apr 2019	$75.0M	$24.0M – $106M	$75.0M (0%)	after a round	–	unknown	C	0%
1 May 2019	$75.0M	$23.0M – $106M	$75.0M (0%)	after a round	–	unknown	C	0%
1 Jun 2019	$75.0M	$22.0M – $106M	$75.0M (0%)	after a round	–	unknown	C	0%
1 Jul 2019	$75.0M	$21.1M – $106M	$75.0M (0%)	after a round	–	unknown	C	0%
1 Aug 2019	$75.0M	$18.5M – $106M	$75.0M (0%)	after a round	–	unknown	C	0%
1 Sep 2019	$75.0M	$17.6M – $106M	$75.0M (0%)	after a round	–	unknown	C	0%
1 Oct 2019	$75.0M	$16.8M – $106M	$75.0M (0%)	after a round	–	unknown	C	0%
1 Nov 2019	$75.0M	$15.9M – $106M	$75.0M (0%)	after a round	–	unknown	C	0%
1 Dec 2019	$75.0M	$15.2M – $106M	$75.0M (0%)	after a round	–	unknown	C	0%
1 Jan 2020	$75.0M	$14.4M – $106M	$75.0M (0%)	after a round	–	unknown	C	0%
1 Feb 2020	$75.0M	$13.7M – $106M	$75.0M (0%)	after a round	–	unknown	D	0%
1 Mar 2020	$75.0M	$13.1M – $106M	$75.0M (0%)	after a round	–	unknown	D	0%
1 Apr 2020	$75.0M	$12.4M – $106M	$75.0M (0%)	after a round	–	unknown	D	0%
1 May 2020	$75.0M	$11.8M – $106M	$75.0M (0%)	after a round	–	unknown	D	0%
1 Jun 2020	$75.0M	$11.2M – $106M	$75.0M (0%)	after a round	–	unknown	D	0%
1 Jul 2020	$75.0M	$10.7M – $106M	$75.0M (0%)	after a round	–	unknown	D	0%
1 Aug 2020	$75.0M	$10.2M – $106M	$75.0M (0%)	after a round	–	unknown	D	0%
1 Sep 2020	$75.0M	$9.66M – $106M	$75.0M (0%)	after a round	–	unknown	D	0%
1 Oct 2020	$75.0M	$9.19M – $106M	$75.0M (0%)	after a round	–	unknown	D	0%
1 Nov 2020	$75.0M	$8.74M – $106M	$75.0M (0%)	after a round	–	unknown	D	0%
1 Dec 2020	$75.0M	$8.32M – $106M	$75.0M (0%)	after a round	–	unknown	D	0%
1 Jan 2021	$75.0M	$7.90M – $106M	$75.0M (0%)	after a round	440	unknown	D	0%
1 Feb 2021	$75.0M	$7.51M – $106M	$75.0M (0%)	after a round	440	unknown	D	0%
1 Mar 2021	$75.0M	$7.17M – $106M	$75.0M (0%)	after a round	440	unknown	D	0%
18 Mar 2021	$1.2B	$806M – $2.4B	$1.6B (+30%)	after a round	440	unknown	B	0%
1 Apr 2021	$1.2B	$806M – $2.4B	$1.6B (+29%)	after a round	440	unknown	B	0%
1 May 2021	$1.3B	$806M – $2.4B	$1.6B (+26%)	after a round	440	unknown	B	0%
1 Jun 2021	$1.3B	$806M – $2.4B	$1.6B (+23%)	after a round	440	unknown	B	0%
1 Jul 2021	$1.3B	$806M – $2.4B	$1.6B (+20%)	after a round	440	unknown	B	0%
1 Aug 2021	$1.4B	$806M – $2.4B	$1.6B (+18%)	after a round	440	unknown	B	0%
1 Sep 2021	$1.4B	$806M – $2.4B	$1.6B (+15%)	after a round	440	unknown	B	0%
1 Oct 2021	$1.4B	$806M – $2.4B	$1.6B (+13%)	after a round	440	unknown	B	0%
1 Nov 2021	$1.4B	$806M – $2.4B	$1.6B (+10%)	after a round	440	unknown	B	0%
1 Dec 2021	$1.5B	$806M – $2.4B	$1.6B (+8%)	after a round	440	unknown	B	0%
1 Jan 2022	$1.5B	$806M – $2.4B	$1.6B (+6%)	after a round	440	unknown	B	0%
7 Jan 2022	$2.1B	$1.8B – $3.1B	$2.7B (+30%)	after a round	440	unknown	A	0%
1 Feb 2022	$2.1B	$1.8B – $3.1B	$2.7B (+28%)	after a round	440	unknown	A	0%
1 Mar 2022	$2.2B	$1.8B – $3.1B	$2.7B (+25%)	after a round	700	growing	A	0%
1 Apr 2022	$2.2B	$1.8B – $3.1B	$2.7B (+22%)	after a round	700	growing	A	0%
1 May 2022	$2.3B	$1.8B – $3.1B	$2.7B (+20%)	after a round	700	growing	A	0%
1 Jun 2022	$2.3B	$1.8B – $3.1B	$2.7B (+17%)	after a round	700	growing	A	0%
1 Jul 2022	$2.4B	$1.8B – $3.1B	$2.7B (+15%)	after a round	700	growing	A	0%
1 Aug 2022	$2.4B	$1.8B – $3.1B	$2.7B (+12%)	after a round	700	unknown	A	0%
1 Sep 2022	$2.5B	$1.8B – $3.1B	$2.7B (+10%)	after a round	700	unknown	A	0%
1 Oct 2022	$2.5B	$1.8B – $3.1B	$2.7B (+7%)	after a round	700	unknown	A	0%
1 Nov 2022	$2.6B	$1.8B – $3.1B	$2.7B (+5%)	after a round	700	unknown	A	0%
1 Dec 2022	$2.7B	$1.8B – $3.1B	$2.7B (+3%)	after a round	700	unknown	A	0%
1 Jan 2023	$2.7B	$1.8B – $3.1B	$2.7B (0%)	after a round	700	unknown	A	0%
1 Feb 2023	$3.0B	$1.8B – $3.4B	$3.0B (0%)	after a round	1,000	growing	B	0%
1 Mar 2023	$3.0B	$1.9B – $3.4B	$3.0B (0%)	after a round	1,000	growing	A	0%
1 Apr 2023	$3.0B	$1.9B – $3.4B	$3.0B (0%)	after a round	1,000	growing	A	0%
1 May 2023	$3.0B	$1.9B – $3.4B	$3.0B (0%)	after a round	1,000	growing	A	0%
1 Jun 2023	$3.0B	$1.9B – $3.4B	$3.0B (0%)	after a round	1,000	growing	A	0%
1 Jul 2023	$3.0B	$2.0B – $3.4B	$3.0B (0%)	after a round	1,000	growing	A	0%
1 Aug 2023	$3.0B	$2.0B – $3.4B	$3.0B (0%)	after a round	1,000	growing	A	0%
1 Sep 2023	$3.0B	$1.3B – $3.4B	$3.0B (0%)	after a round	1,000	unknown	B	0%
1 Oct 2023	$3.0B	$1.3B – $3.4B	$3.0B (0%)	after a round	1,000	unknown	B	0%
1 Nov 2023	$2.0B	$1.2B – $2.9B	$1.6B (-21%)	after a round	860	down	B	75%
1 Dec 2023	$2.0B	$1.1B – $2.9B	$1.5B (-22%)	after a round	860	down	B	75%
1 Jan 2024	$1.9B	$1.1B – $3.0B	$1.5B (-22%)	after a round	860	down	B	75%
1 Feb 2024	$1.8B	$1.0B – $3.0B	$1.3B (-27%)	after a round	860	down	B	75%
1 Mar 2024	$1.8B	$959M – $3.0B	$1.3B (-27%)	after a round	860	down	B	75%
1 Apr 2024	$1.5B	$897M – $2.9B	$1.0B (-34%)	after a round	800	down	B	97%
1 May 2024	$1.5B	$853M – $3.0B	$973M (-35%)	after a round	800	down	C	97%
1 Jun 2024	$1.5B	$811M – $3.0B	$942M (-35%)	after a round	800	down	C	97%
1 Jul 2024	$1.4B	$772M – $3.0B	$912M (-36%)	after a round	800	down	C	97%
1 Aug 2024	$1.5B	$734M – $3.1B	$964M (-34%)	after a round	800	flat	C	89%
1 Sep 2024	$1.5B	$690M – $3.1B	$1.0B (-33%)	after a round	760	down	C	82%
1 Oct 2024	$1.5B	$656M – $3.1B	$1.1B (-32%)	after a round	760	down	C	76%
1 Nov 2024	$1.6B	$624M – $3.1B	$1.1B (-30%)	after a round	760	down	C	70%
1 Dec 2024	$1.7B	$615M – $3.3B	$1.2B (-29%)	after a round	890	flat	C	64%
1 Jan 2025	$1.7B	$584M – $3.3B	$1.2B (-29%)	after a round	890	flat	C	59%
1 Feb 2025	$1.7B	$555M – $3.3B	$1.2B (-26%)	after a round	890	flat	C	54%
1 Mar 2025	$1.7B	$530M – $3.3B	$1.3B (-25%)	after a round	890	flat	C	50%
1 Apr 2025	$1.7B	$504M – $3.3B	$1.3B (-24%)	after a round	890	flat	C	46%
1 May 2025	$1.8B	$675M – $3.3B	$1.4B (-22%)	after a round	890	up	C	42%
1 Jun 2025	$1.8B	$661M – $3.3B	$1.5B (-21%)	after a round	890	up	C	39%
1 Jul 2025	$1.9B	$649M – $3.2B	$1.5B (-20%)	after a round	890	up	C	36%
1 Aug 2025	$1.9B	$635M – $3.2B	$1.5B (-19%)	after a round	890	up	C	33%
1 Sep 2025	$1.9B	$385M – $3.1B	$1.5B (-19%)	after a round	819	flat	D	30%
1 Oct 2025	$1.9B	$366M – $3.1B	$1.6B (-18%)	after a round	819	flat	D	28%
1 Nov 2025	$1.9B	$348M – $3.1B	$1.6B (-17%)	after a round	819	flat	D	26%
1 Dec 2025	$1.5B	$320M – $3.0B	$1.1B (-23%)	after a round	702	flat	D	43%
1 Jan 2026	$1.6B	$315M – $3.1B	$1.2B (-21%)	after a round	820	flat	D	39%
1 Feb 2026	$1.5B	$299M – $3.0B	$1.3B (-16%)	after a round	820	flat	D	36%
1 Mar 2026	$882M	$286M – $3.2B	$692M (-22%)	after a round	820	flat	D	76%
1 Apr 2026	$857M	$272M – $3.2B	$690M (-19%)	after a round	820	flat	D	76%
1 May 2026	$833M	$259M – $3.1B	$689M (-17%)	after a round	820	flat	D	76%
1 Jun 2026	$880M	$244M – $3.1B	$752M (-15%)	after a round	795	flat	D	70%
1 Jul 2026	$926M	$231M – $3.0B	$812M (-12%)	after a round	779	flat	D	64%
1 Aug 2026	$976M	$220M – $3.0B	$876M (-10%)	after a round	779	flat	D	59%
1 Sep 2026	$1.0B	$209M – $3.0B	$936M (-8%)	after a round	771	flat	D	54%
1 Oct 2026	$1.1B	$199M – $2.9B	$1.0B (-6%)	after a round	775	flat	D	50%
24 Oct 2026	$996M	$170M – $2.9B	$950M (-5%)	after a round	775	flat	D	46%

Key facts about PayFit

Founded: 2016
Headquarters: Paris, France
Employees: about 775 -5% in a year
Total raised: $410M
Funding rounds: 4
Last round: Series E Jan 2022

PayFit was founded in 2016 by Firmin Zocchetto, Florian Fournier and Ghislain de Fontenay.

PayFit funding history

PayFit has 4 funding rounds on record, from Jan 2016 to Jan 2022, $410M in total. The latest disclosed valuation is $2.10B post-money (Series E, Jan 2022).

Series E 6 Jan 2022
Led by General Atlantic; with Eurazeo, Bpifrance, Accel.
Sources: trainy.co, techcrunch.com, generalatlantic.com and 4 more
$287M
$2.10B post-money
Series D 17 Mar 2021
Led by Eurazeo, Bpifrance; with Accel, Frst, Xavier Niel.
Sources: techcrunch.com, research.g2.com, uktech.news and 3 more
$107M
Series B 6 Jul 2017
Led by Accel; with Otium, Xavier Niel.
Sources: finsmes.com, techcrunch.com
$16M
Seed 1 Jan 2016
Led by Kima Ventures; with The Family, Addition, EFounders, Future Positive Capital, HCVC, Index Ventures, Proximo Ventures, #secretfund.
$566K

PayFit investors

16 investors have backed PayFit; Accel, Bpifrance and Eurazeo and 2 more led at least one round.

Accel lead, 3 rounds
Bpifrance lead, 2 rounds
Eurazeo lead, 2 rounds
General Atlantic lead
Xavier Niel 2 rounds
#secretfund
Addition
EFounders
Index Ventures
The Family

What PayFit does

PayFit works in tech companies, with 15 recorded offerings and customers in human resources and payroll services.

PayFit Ltd is a UK software company engaged in providing cloud-based payroll and HR automation solutions for small and medium-sized businesses across Europe. The company offers a suite of HR and payroll management tools, including automated payroll processing, HR management, expense management, leave and absence management, performance management, and employee onboarding. PayFit also provides AI-powered support and integrates with accounting and communication tools. The company operates offices in Paris, Barcelona, and London, serving clients in the UK, Spain, Germany, Italy, and France.

Description from Veridion's company data.

Products and services

Payroll Management Software Development
HR Management Software Development
Expense Management Software Development
Leave and Absence Management Software Development
Performance Management Software Development
Employee Onboarding Software Development
HMRC and Pension Submission Automation
RTI Submission Automation
Accounting Software Integration Solutions
Third-Party Tool Integration Solutions
AI-Powered HR and Payroll Support Services
Cloud-Based HR and Payroll Platform Services
Payroll and HR Compliance Consulting
SMB Payroll and HR Solutions
Payroll and HR Platform Research and Development

Markets

Human Resources
Payroll Services

Technology

AI-Powered Customer Service
Cloud Computing

Business model

Business-to-Business
Software-as-a-Service
Subscription-Based

Industry codes (NAICS)

513210 Software Publishers 100% match

Questions about PayFit

What is PayFit worth?

Valuation $996M (range $170M to $2.9B), as of 24 Oct 2026. The last disclosed valuation was $2.10B (Series E, Jan 2022).

Has PayFit raised money?

PayFit has 4 funding rounds on record, from Jan 2016 to Jan 2022, $410M in total. The latest disclosed valuation is $2.10B post-money (Series E, Jan 2022).

Who has invested in PayFit?

Accel, Bpifrance, Eurazeo, General Atlantic, Kima Ventures and Xavier Niel, and 10 more. Lead investors include Accel, Bpifrance, Eurazeo and General Atlantic.

How many people work at PayFit?

About 775, down 5% over the last year. Headcount rose from 440 in Jan 2021 to 1,000 in Jan 2023, then fell to 775 in Sep 2026.

What does PayFit do?

PayFit works in tech companies, with 15 recorded offerings and customers in human resources and payroll services. Its main offerings are payroll management software development, HR management software development and expense management software development.

When was PayFit founded, and where is it based?

PayFit was founded in 2016 and is based in Paris, France. It has about 775 employees, down 5% over the last year.

How we value companies Report an issue