PayFit funding: rounds, investors and valuation

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PayFit funding: rounds, investors and valuation

PayFit, based in Paris, has raised €433m in five announced funding rounds since October 2016. Its Series E of €254m (£216m) in January 2022 was led by General Atlantic, with Eurazeo, Bpifrance and Accel participating, at a €1.82bn valuation.

Funding over timeCumulative € raised across announced rounds; each tick on the axis is a round

The latest round, the €254m Series E in January 2022, is also the largest: 59% of the €433m raised across its announced rounds. Rounds have come a median of 15.5 months apart.

Total raisedRound
Show the figures
RoundAnnouncedAmountTotal after it
Series AOctober 2016€5m€5m
Series BJuly 2017€14m€19m
Series CJune 2019€70m€89m
Series DMarch 2021€90m€179m
Series EJanuary 2022€254m€433m

PayFit funding roundsNewest first

  • Jan 2022
    Series ELed by General Atlantic, with Eurazeo, Bpifrance and Accel.Accountio article
    €254m£216mValuation €1.82bn
  • Mar 2021
    Series DLed by Eurazeo Growth and Bpifrance Large Venture, with Accel, Frst and Xavier Niel.Accountio article
    €90mUS$107m
  • Jun 2019
    Series CLed by Eurazeo and Bpifrance, with Accel, Frst and Xavier Niel.Accountio article
    €70mUS$79m
  • Jul 2017
    Series BInvestors: Accel, Xavier Niel and Otium Venture.Accountio article
    €14mUS$15.9m
  • Oct 2016
    Series ALed by Otium Venture and Xavier Niel, with The Family, Geoffroy Roux de Bézieux, Jean-Daniel Guyot and Oleg Tscheltzoff.Accountio article
    €5m

PayFit investors

Xavier Niel
Series D, March 2021; Series C, June 2019; Series B, July 2017; Series A, October 2016 (lead)
Accel
Series E, January 2022; Series D, March 2021; Series C, June 2019; Series B, July 2017
Bpifrance
Series E, January 2022; Series C, June 2019 (lead)
Eurazeo
Series E, January 2022; Series C, June 2019 (lead)
Otium Venture
Series B, July 2017; Series A, October 2016 (lead)
Bpifrance Large Venture
Series D, March 2021 (lead)
Eurazeo Growth
Series D, March 2021 (lead)
Frst
Series D, March 2021; Series C, June 2019
General Atlantic
Series E, January 2022 (lead)
Geoffroy Roux de Bézieux
Series A, October 2016
Jean-Daniel Guyot
Series A, October 2016
Oleg Tscheltzoff
Series A, October 2016
The Family
Series A, October 2016

PayFit funding: common questions

How much has PayFit raised?+

PayFit has raised €433m across five announced funding rounds since October 2016. The latest was a €254m (£216m) Series E in January 2022.

Who invested in PayFit?+

General Atlantic led the Series E in January 2022, with Eurazeo, Bpifrance and Accel participating. Eurazeo Growth and Bpifrance Large Venture led the Series D in March 2021, with Accel, Frst and Xavier Niel participating. Eurazeo and Bpifrance led the Series C in June 2019, with Accel, Frst and Xavier Niel participating.

What was PayFit's last announced valuation?+

PayFit was valued at €1.82bn in January 2022, at its Series E.

When did PayFit last raise money?+

PayFit's most recent round was a €254m (£216m) Series E announced in January 2022, led by General Atlantic.

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Part of Accountio’s accounting technology funding tracker.