OnPay
PrivateLast Round
Series B
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
Enterprise Software
Verticals
HR, Accounting & Expense, Compliance, Workflow Automation
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% |
OnPay Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Series B | Jan 7, 2025 | ||||
| Debt | 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.
Recent news
Latest coverage and updates
- launchesJul 21, 2026
OnPay, Inc. launches enhanced employee benefits experience for small businesses.
- recognized_asJul 14, 2026
OnPay, Inc. recognized as Best Online Payroll Service for small businesses.
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.
Request accessFrequently 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 with no public stock price. No recent secondary market data is available.
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. Visit https://www.caplight.com to learn more.
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 for private companies. Visit https://www.caplight.com to monitor OnPay's secondary market activity and sign up for updates.