OnPay, a payroll, HR, and benefits platform based in Atlanta, has secured over $100 million in funding.
This includes $63 million in Series B funding led by Carrick Capital Partners, with contributions from AB Private Credit Investors and existing backers, plus additional funding from MC Credit Partners.
The new funds will help OnPay improve its products, grow its partnerships, enhance customer support, and expand its services for small and mid-sized businesses across the U.S.
“This funding is a big step forward and will help us deliver even more value to the businesses that depend on us,”
said OnPay CEO, Jesse Burgess.
Jim Madden, Co-CEO of Carrick Capital Partners, added,
“OnPay’s excellent product and service model make it perfectly suited to meet the needs of small businesses.”
FT Partners served as the advisor for this funding round.
Featured image credit: Edited from OnPay
