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HR software startup OnPay was inspired by the founder’s family payroll business
OnPay, an HR and payroll software provider, has raised over $100 million in equity and debt in a new fundraising round.
Today, OnPay provides businesses apps to assist with payroll deductions and taxes, manage teams, and select from health insurance, workers’ comp, and 401k plans for their workforce. OnPay’s products connect with a range of third-party HR and compliance tools, enabling customers to sync data between apps, like accounting information. Sixty-nine percent of respondents to the survey said that HR software helped their business cut down on payroll processing time, while 25% reported improved legal compliance.
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