• The acquisition will facilitate Figures’ UK expansion
• Payspective GM Patrick Maier will stay on with the company to drive UK acceleration

8th June 2022 Figures, the company behind the real-time compensation benchmark application of the same name, has announced the acquisition of Payspective as part of its growth strategy. 

Figures, a platform allowing companies to benchmark market salaries on more than a hundred roles from all over Europe while easily managing your compensation policy, was founded in France. But having experienced rapid growth into Germany, it is now working on a further European expansion, with a particular focus on the UK, the Netherlands and Scandinavia. Already offering a similar range of services in the UK, Payspective presented an ideal opportunity for Figures to make a move on the UK market. 

Payspective is originally a spin-off from Movemeon, a tech-enabled recruitment company founded by McKinsey alumni Nick Patterson and Rich Rosser in 2012. Having been asked by clients how much they should be offering for a given role and hearing complaints about the lack of relevant benchmarks in the market on countless occasions, they resolved to tackle the issue head-on, resulting in the benchmarking product Figures is purchasing.

The acquisition by Figures comes on the back of a successful €1.7 Million fundraising bid led by Seedcamp, the acquisition will help to cement Figures as the foremost salary benchmarking product. 

With over 400 clients as of today, Figures is already on track to create the best compensation reference product for European start-ups and scale-ups. The acquisition of Payspective will add 115 clients to the business’ already comprehensive customer base and add up-to-date compensation and benefits data on nearly 10,000 employees and an incredible UK-based team.

Figures co-founder and CEO, Virgile Raingeard, comments: ‘Our aim for Figures has always been to help make salary negotiations more fluid, removing some of the complexity from salary policy management, while bringing more transparency to what has traditionally been a very secretive area. Helping businesses to get the talent they need at the same time as enabling fair pay for all. 

‘With our sights set on European expansion, and the UK market a particular goal, Payspective presented an intriguing proposition. Bringing 115 new customers,  while providing our existing client base with new and valuable insights.’

Patrick Maier, Payspective GM comments: ‘We’re all extremely excited about this next step. Payspective has the largest and most recent compensation dataset for startups & scaleups in the UK. Combining this with the best compensation benchmarking product in Europe and giving all our clients the opportunity to use the tool that Figures has built over the last year is something I couldn’t be more excited about.”

About Figures

“Fair pay the simple way” is the motto of Figures. A real-time compensation benchmark application created to help companies power up their compensation policy and drive salary fairness, the app was created by Virgile Raingeard and Bastien Formery. 

Virgile spent his first 11 years working in HR in various industries, including three years at Criteo as HR Director for the Tech functions (FR/US). Frustrated by the lack of qualitative and reliable data on the compensation market in the start-up/scale-up ecosystem, he decided to tackle the problem, working with Bastien (CTO) to create a product around his vision.

Figures is currently actively hiring in the UK, the Nordics and Spain.