HR Path, a member of French Tech, has announced a €113 million financing from banks, to accelerate its growth.
HR Path offers a support service for the HR performance of companies. These services cover HR transformation consulting, implementation of software solutions and payroll outsourcing (BPO).
This new round of financing was made possible by the following banks: Société Générale, BNP, Crédit Agricole, Banque Palatine, LCI and Caisse d’Epargne.
HR Path plans to expand its value proposition in all countries where the group is already present, with priority given to the United States, United Kingdom, Germany and Spain.
HR Path has also announced the acquisition of Whitaker-Taylor, an HR technology consulting firm with expertise in SAP SuccessFactors and SAP HR.
“We would like to thank our banking partners and our advisors, Volt Associés, who have supported us in this adventure. The HR transformation is accelerating given the current health constraints. In recent months, human capital issues have become a priority: talent management and adaptation to change are increasingly critical and the use of outsourcing of the HR function and in particular payroll is growing. HR Path is positioned to meet the new challenges facing companies in the field of human resources. This new round of financing supports our development ambitions to support our current and future customers,” said François Boulet and Cyril Courtin, founding partners of HR Path.
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.