OnPay, an Atlanta, Georgia-based provider of payroll, HR, and benefits solutions, has raised over $100 million in funding. 

Investors 

The funding includes a $63M Series B round led by Carrick Capital Partners, with participation from AB Private Credit Investors and existing investors, alongside a debt facility from MC Credit Partners. 

Carrick Capital Partners is a growth equity firm based in San Francisco, California. Founded in 2011, the firm focuses its investments on software, SaaS, and tech-enabled companies. 

OnPay Use of Funds 

The funds will enable OnPay to scale product development, expand partnerships, enhance customer success, and accelerate its go-to-market strategy.  

About OnPay 

Headquartered in Atlanta, OnPay provides payroll, HR, and benefits solutions to over 25,000 small and medium-sized businesses across the United States. Their platform is designed to simplify payroll processing, tax compliance, benefits administration, and employee management. Its platform combines user-friendly functionality with powerful features traditionally reserved for larger enterprises. 

Funding Details 

Company: OnPay, LLC 

Raised: $100.0M 

Round: Series B 

Funding Month: January 2025 

Lead Investor: Carrick Capital Partners 

Additional Investors: AB Private Credit Investors, MC Credit Partners 

Company Website: https://onpay.com/  

Software Category: Payroll and HR Software 

Source: https://www.businesswire.com/news/home/20250107239308/en/