PayFit
Payroll and HR made simple. PayFit - the payroll management solution for small businesses.
774 employees · est. 2015 · Paris, France
Paylocity
Innovative payroll services and human resource software solutions for employees and businesses across america
6834 employees · est. 1997 · Schaumburg, United States
Paylocity is the older company (2015 vs 1997); Paylocity is the larger of the two.
Side-by-Side Comparison
| Metric | PayFit | Paylocity |
|---|---|---|
| Founded | ||
| Founded | 2015 | 1997 older |
| Headquarters | ||
| Headquarters | Paris, France | Schaumburg, United States |
| Employees | ||
| Employees | 774 | 6834 larger |
| Industry | ||
| Industry | Fintech | Enterprise Software, Information Technology, SaaS |
| Funding Stage | ||
| Funding Stage | Series E | IPO |
| Total Funding | ||
| Total Funding | $433.50M | $130.00M |
| Funding Rounds | ||
| Funding Rounds | 6 | 2 |
| Services | ||
| Services | Payroll Management, HR Processes Streamlining, Expense Tracking and Approval, Performance and People Management, Automated Compliance | HR Management, Payroll Processing, Finance and Spend Management, IT Asset and Access Management |
| Target Customers | ||
| Target Customers | Small Businesses, Medium Businesses, Startups, HR Teams, Finance Teams | Small Businesses, Midsize Businesses, Enterprises, Accountants, Brokers, Franchises, Private Equity |
| Taxonomy | ||
| Taxonomy | Payroll Management, HR Management, Digital Transformation, Small Business Solutions, HR Technology, Employee Management, Payroll Automation, HR Software, HR Transformation, Business Process Automation, Human Resources Solutions, Payroll Services, SME Focus | Cloud-Based Software Solutions, Human Capital Management, Payroll Services, Employee Engagement, HR Compliance, HR Data Analytics, Talent Acquisition, Workforce Management, Employee Training And Development, Performance Management, Benefits Administration, SaaS Business Software, Time And Attendance, Onboarding Solutions, Mobile HR |
| Website | ||
| Website | payfit.com | paylocity.com |
About PayFit
PayFit, a dynamic player in the Fintech industry, is revolutionizing payroll and HR management for small businesses. Founded in 2015 and headquartered in France, this innovative company offers an automated SaaS solution that streamlines payroll and HR tasks, empowering business owners and HR teams t...
About Paylocity
Paylocity is a distinguished provider of cloud-based HR, payroll, and spend management software solutions, with a mission to enhance workplaces where employees thrive and businesses excel. Operating under the slogan, "Innovative payroll services and human resource software solutions for employees an...
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BounceWatch watches PayFit and Paylocity for new funding, fast hiring, new executives and a change of software vendor. When one happens, we email you the same day.
Funding, hiring, leadership and stack changes at PayFit and Paylocity — by email.
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Compiled from the BounceWatch company index. We last looked at PayFit on 3 Sep 2026, and Paylocity on 11 Apr 2026. Where a field is blank here, it means we have not recorded it — not that the answer is zero. How we source and date this.