OnPay
PrivateLast Round
Debt
Jan 7, 2025
Total Funding Raised
$106M
Company Overview
OnPay is a payroll management and compliance software company that offers affordable cloud-based solutions for small and medium-sized businesses, featuring employee self-onboarding, automated payroll taxes, unlimited pay runs, direct deposit, and tax payments to streamline payroll management.
Sector
Enterprise Software
Verticals
HR, Accounting & Expense, InsurTech, Vertical SaaS, Compliance
Business Model
B2B
Customer Profile
Subscription SaaS
AI Layer
Non-AI
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
OnPay Comps
Public and private peers based on sector, stage, and business model.
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 |
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 |
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.
OnPay Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Frequently Asked Questions
Common questions about OnPay's valuation, stock price, and market status.