European tech startup PayFit set to revolutionise the UK’s payroll

PayFit is one of the fastest-growing tech companies in Europe right now. The startup recently announced their launch in the UK, following their funding round in June which saw the software startup raise $79m from Eurazeo and Bpifrance.  

Today, PayFit has offices located in France, Germany and Spain, with a growing team of over 300 people. The startup has plans to open an Italian office and double its workforce to 600 over the next year.

The company’s new London office is in Shoreditch and is currently home to 18 staff. PayFit predicts their London team will grow to 30 by the end of the year, helping the company to roll out as quickly as possible across the UK.

Since its foundation in 2016, PayFit’s software revolutionizing the HR process. The company offers an end-to-end, automated service to SMEs across the globe, and  digitalises everything from payslips to expenses to holidays and RTI submissions.

PayFit boasts more than 4,000 customers worldwide and is keen to dominate in a market close to home. With 5.7m SMEs in the UK, the UK accounts for 99 percent of all private business.

CEO and Co-founder Firmin Zocchetto said: “This is only the beginning of our adventure: Europe is home to tens of millions of SMEs that want to digitalise themselves.

“It is an incredible market, and the UK is second only to Germany in terms of number of people employed by SMEs. PayFit’s aim is to be the benchmark in payroll and human resources management. And, in the UK, that means making life easier and simpler for over 19m people.”

Nick Miller, UK Managing Director added: “Not only does the UK have one of the largest populations of SMEs in Europe, but it’s also a very digitised market. Despite this, the innovation in payroll and HR has traditionally underserved SMEs, making it a great opportunity for PayFit to continue its incredible growth.”