OnPay, an Atlanta, GA-based provider of payroll, HR, and benefits solutions, raised over $100M in funding.
The round was led by Carrick Capital Partners, with participation from AB Private Credit Investors, the middle market private capital platform of AllianceBernstein, as well as existing investors, and a debt facility provided by MC Credit Partners.
The company intends to use the funds to scale its capabilities, further invest in product development, expand partnerships and integrations, augment customer success teams, and accelerate its go-to-market strategy.
Led by CEO Jesse Burgess, OnPay provides payroll, HR, and benefit solutions to over 25,000 small and medium-sized businesses across the United States. As more companies look to streamline payroll and HR functions, it offers a comprehensive platform that combines features traditionally reserved for larger enterprises.
FinSMEs
08/01/2025