PayFit raises $15.9 million to manage European payrolls

French startup PayFit just raised a $15.9 million Series B round (€14 million) from Accel with Xavier Niel and Otium Venture also participating. PayFit handles most pesky administrative tasks in your company with a simple web interface. The company started with basic payroll features for French companies. Instead of relying on outdated processes and third-party companies, PayFit lets you easily enter everything about your employees. Then, the company can produce legally compliant paychecks, wire salaries and notify authorities about healthcare or retirement status.