“Any business in Europe that employs staff knows the headache in managing payroll,” Accel partner Philippe Botteri told me. “This problem is particularly painful for SMBs, which struggle to comply with the frequently changing labor laws.” PayFit didn’t stop there and has also integrated many of the basic admin features for a young French company. You can manage your expenses, see upcoming holidays, ask for a vacation and more. The startup is also working on organizational charts, subsidiary management, schedule management and secure storage. With today’s funding round, the company plans to expand beyond France. You can expect to see PayFit in other European countries soon, such as Spain, Italy, Germany and the U.K. This isn’t as easy as flipping a switch as payroll products are tailored to specific markets — each market is different with different laws and restrictions.

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