Linc has designed a tool to help payroll professionals produce pay slips, manage social declarations, control calculations and collaborate with their client companies.
New round of funding for Linc. The French start-up, which has developed a solution for payroll professionals, announced on June 23 to raise 8.5 million euros from Headline, Resonance, Founders Future, Acadian Ventures, Adnexus, 50 Partners, Motier, 199 Ventures, Clover and a few business angels. It had already completed a funding round of 4 million euros upon its launch in 2024.
“French payroll is one of the most complex in the world. Every month, 27 million slips are produced, mainly by two players: large companies which manage their payroll internally and VSEs/SMEs which outsource it. Our market is the 15,000 payroll and accounting firms which support these companies. We choose to equip professionals rather than VSEs/SMEs directly, because the complexity of payroll requires a certain professional expertise”, explains Baptiste Le Bihan, CEO and co-founder.
Pennylane as inspiration
Concretely, Linc has designed software to help accounting and payroll firms produce pay slips, manage social declarations, control calculations and communicate with their client companies with collaborative workflows from a single interface. “We bring two key values: reliability, with a tool audited every month by URSSAF controllers, and innovation, by making payroll a subject of collaboration and a strategic issue, like what Pennylane did for accounting,” indicates the manager.
Linc works with around sixty client firms. Its economic model is not based on a subscription, but on payment per use, with firms being billed based on the number of pay slips produced. There fundraising should allow the start-up to achieve two objectives: “We want to continue the development of our software to improve the productivity of our customers and extend our functional coverage by integrating more collective agreements. Today, we cover approximately one employee in three and are aiming for 70% by the end of 2026,” announces Baptiste Le Bihan. To achieve these ambitions, Linc, which has around twenty employees, plans to recruit five to six senior payroll experts by the end of the year.
