Payfit, the French payroll startup, is integrating with Alan, the French health insurance startup, to provide an integrated benefits offering. French companies are now required to offer a health insurance plan to all employees and pay for at least 50 percent of the premium.
But the best part is that it’s a huge market as French companies are now required to offer a health insurance plan to all their employees and pay for at least 50 percent of the premium — so that’s tens of millions of potential customers. And you can see how much your health insurance costs on your paycheck. On the other side, PayFit handles all your HR needs. With a simple web interface, HR managers and employees can manage sick days, vacation, bonuses, expenses and meal vouchers. Employees all have a personal account where they can see all their paychecks. As you can see, there’s a lot of overlapping here. PayFit customers need to input information about the company’s health insurance, and all Alan customers need to manage their payroll too.