Mind The Gap By Freshchat

Last week’s startup funding scene was quite interesting. We had a total of 373 funding rounds, $8.4 billion total funding, 116 acquisitions recorded, and a transaction of a total acquisition amount of $30.7 billion. PayFit raises $79 million for its payroll service French startup PayFit is raising a new $79 million funding round (€70 million) from Eurazeo and Bpifrance. The company first started with a payroll service for small and medium companies in France. It has evolved into a full-fledged HR solution for multiple European countries. PayFit uses a software-as-a-service approach so that small companies can easily manage payroll and HR information from a web browser. Everything stays up-to-date and compliant with labor regulation. While it’s easy to build an HR giant in the U.S., it’s a bit more complicated in Europe as labor laws vary so much from one country to another. But the startup has managed to launch its service in France, Spain, Germany and the U.K. — Italy is coming soon. The company says that it