Unicorn. Payfit joins forces with KPMG to launch a global offering for SMEs

Published on

6/12/2023

Amended on

14/3/2025

minute(s)

Payfit announces a partnership with KPMG to automate payroll management for very small businesses. This offer includes support from KMPG consultants on various HR topics. At the same time, the unicorn is setting up union bodies, a rare practice in French Tech. An evolution towards a more mature and balanced model is underway.

Damien Hélène

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It's a busy year for Payfit!

The French unicorn, present in the Vintage Altaroc Odyssey 2021, has just announced its partnership with KPMG to provide a joint offering for the managers of VSEs and SMEs. On a single platform, they will be able to automate payroll management using Payfit technology, as well as benefit from the support of a KMPG consultant in areas ranging from wage policy to improving recruitment processes, from managing the arrival and departure of employees to internal telecommuting policy.

This new offer clearly meets the needs of HR departments. In a survey carried out in January 2023 by Editions Tissot and Payfit, 73% of HR departments said they regretted not having enough time to support their employees.

What's more, the unicorn, valued at $2 billion, has just created a real revolution in French Tech, by acquiring three trade union organizations(CFDT, CGT and Printemps écologique). Few innovative French companies have union structures. Payfit has therefore set up bodies to protect its employees, which is in line with a general trend among French Tech players, who are consolidating their " start-up " model by recruiting more " traditional " positions, such as public affairs directors, and will henceforth seek profitability rather than hyper-growth at all costs.