OnPay
PrivateLast Round
Debt
Jan 7, 2025
Total Funding Raised
$69M
Company Overview
OnPay is a payroll management and compliance software company that offers cloud-based solutions for small and medium-sized businesses, featuring employee self-onboarding, automated payroll taxes, unlimited pay runs, direct deposit, and tax payments.
Sector
FinTech
Verticals
HR, Accounting & Expense, Compliance, Workflow Automation, Document Management
Business Model
B2B
Customer Profile
Subscription SaaS
AI Layer
Application
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
OnPay Comparables
Compare OnPay with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| Patriot Software | 87% | |
| ConnectPay | 86% | |
| Gusto | 86% |
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OnPay Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Debt | Jan 7, 2025 | ||||
| Series B | Jan 7, 2025 | ||||
| Series A | Jan 20, 2020 |
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Key People
Founding team and executive leadership
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OnPay Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| AllianceBernstein | Series B |
| Bernstein Research | Series B |
| MC Credit Partners | Debt, Series B |
| Carrick Capital Partners | Series B |
| AB Private Credit Investors | Series B |
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Market signals
Structured signals derived from secondary market and firmographic data.
- Apr 23, 2026
Added Carolina Diving Academy LLC as a customer.
- Feb 23, 2026
Launched expanded HR capabilities to streamline back-office tasks.
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OnPay Filings
Explore SEC and related filing metadata, where available.
| Type | Date | Amount Offered | Amount Sold | Filing | Pages | Download |
|---|
Filing documents are not displayed on this public page. Request access to learn about available coverage.
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Frequently Asked Questions
Common questions about OnPay's valuation, stock price, and market status.
Is OnPay a public or private company?
OnPay is a private company.
What is the current stock price of OnPay?
OnPay is a private company, so its shares have no public market price. Caplight tracks OnPay's secondary market activity and provides MarketPrice™ estimates of its share price to Caplight users.
How much is OnPay worth (valuation)?
Valuation information for OnPay is not publicly available.
Can I buy OnPay stock?
OnPay shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors.
When was OnPay's last funding round?
OnPay's most recent funding round was Debt on January 7, 2025.
Who are the main investors in OnPay?
Key investors in OnPay include Carrick Capital Partners.
Will OnPay IPO soon?
No public IPO plans have been announced for OnPay.
How can I track OnPay secondary market activity?
Caplight tracks bids, offers, and trades in OnPay's shares on secondary markets.