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OnPay secures $6 mn in series A from individual investors

OnPay, an Atlanta based payroll service provider for small businesses and accountants announced that the company has raised a Series A funding round of $6 million. The funds exceeded the company’s initial goal of $5 million for its first round of venture financing. As part of the round, Tony Catalfano, former CEO of Worldpay US, has joined OnPay’s board of directors. The funding was solely raised from individual contributors.

“It was a validation of what we’ve been working so hard on, to have former CEOs of Fortune 1000 companies with FinTech back us because they knew that the opportunity was so great for us to grow quickly,” says McKee, President and COO at OnPay.

“Our rapid growth over the past year signals a significant demand for high-quality payroll services. With this funding, we will continue to scale and exceed the expectations of our clients, while focusing on innovative product-led development,” said Jesse Burgess, founder and CEO of OnPay.

The company is planning to use the funding to expand its marketing efforts, grow their team and to enhance its customer experience.

OnPay is a software company founded in 2011. The company provides payroll, HR services, and benefits for accountants and small to mid-sized businesses in every industry.  Last year, the company magnified its presence by becoming a Xero certified app partner and released a complete set of HR tools. The company provides its services to more than 10,000 clients across the United States.

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