General Atlantic led a €254m Series E funding round in PayFit.

General Atlantic led a €254m ($287m) Series E funding round in PayFit, a payroll and HR management solutions provider, valuing the company at €1.82bn ($2.05bn). The round was joined by Eurazeo, Bpifrance and Accel Ventures. PayFit plans to use the funds to recruit additional top talent, accelerate the development of innovative new products, and increase its market share across Europe. “PayFit’s expansion beyond France into the UK, Spain and Germany demonstrated further validation of our innovative offering and our capacity to scale up. As we look ahead, we plan to use these new funds to deepen our presence in our existing markets, where we have significant growth potential. At PayFit, we are proud to have built a company with strong foundations, where people are happy to work and that can have a real impact on our clients. This Series E funding will allow us to maintain the rapid growth we have achieved since our founding,” Firmin Zocchetto, PayFit CEO and Co-Founder.