Ontop
Ontop is a Miami-headquartered global payroll and EOR fintech founded in 2020 that processes more than $1B in payroll across 150+ countries, serving SMBs and venture-backed startups — primarily in Latin America — with embedded compliance, stablecoin, and yield products layered on top.
- Company typePrivate
- Founded2020
- HeadquartersMiami, United States
- Headcount101–250
- GTM typeB2B and B2C
- OfferingSoftware
What Ontop does
Ontop is a Miami-headquartered global payroll and HR-tech fintech founded in 2020 that processes more than $1B in payroll across 150+ countries, with roughly 80% of its distribution concentrated in Latin America and the Caribbean. The company bundles employer-of-record (EOR), contractor management, global payroll, benefits administration, and cross-border compliance into a single platform targeting primarily SMBs and venture-backed startups (e.g., Lupa, Hunty, BrightChamps, Cloudtask) that hire distributed teams. Its compliance stack includes FinCEN-registered Money Services Business status in the U.S. and adherence to multi-jurisdiction privacy frameworks (LGPD, GDPR, CCPA), with AI-driven AML/sanctions screening via ThetaRay SONAR deployed in February 2026.
Ontop's technology layer is an integrated partner stack rather than a vertically built monolith: it embeds dLocal, Thunes, BVNK, OpenTrade, Paysend, Bamboo Payment, and Thredd for payouts, FX, stablecoin accounts, yield, and card issuance, and overlays proprietary automation on top — including an AI Contracts Agent (April 2026) and KYC/KYB/fraud workflows positioned under an "AI-native execution approach." Revenue mechanics are volume- and per-payroll-cycle based, with monetized uplifts from embedded financial products (yield rewards via OpenTrade launched May 2026, USD stablecoin accounts via BVNK launched March 2026, real-time cross-border payouts via Thunes launched March 2026). Total disclosed funding is approximately $26M across a $4.5M seed (May 2021, Point72 Ventures lead), a $20M Series A (October 2021, Point72 Ventures and Tiger Global co-lead), and a $9M Series B (December 2022, Tiger Global lead). The company reached cash-flow and EBITDA profitability in January 2025, with reported ARR of $56.7M and a headcount of 101–250. Co-founders Julián Torres (Chief Strategy Officer), Santiago Aparicio (CEO), and María Camila Ramírez (COO) anchor the leadership team.
Ontop firmographics
Firmographics- Name
- Ontop
- Legal name
- Ontop Holdings Inc.
- Website
- https://getontop.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Ontop is a Miami-headquartered global payroll and EOR fintech founded in 2020 that processes more than $1B in payroll across 150+ countries, serving SMBs and venture-backed startups — primarily in Latin America — with embedded compliance, stablecoin, and yield products layered on top.
- Ownership category
- akta.pro rank
Ontop industry classification
Industry- Product category
- Global Payroll and Contractor Management Platform
- NAICS
- Professional Employer Organizations (561330), Payroll Services (541214)
- SIC
- Services-Employment Agencies (7361), Services-Prepackaged Software (7372)
- akta.pro primary industry
- Global Payroll & Multi-Country Payroll Management (BPACAHAC)
- akta.pro secondary industries
- Payroll Software & Payroll-as-a-Service (SaaS) (BPACAIAB), Payroll Tax Filing, Compliance & Remittance (BPACAIAC), Onboarding, Offboarding & Employee Lifecycle Administration (BPACAHAL), International Payroll & Contractor Payments (FSAMAIAC)
Keywords
Where Ontop is headquartered
LocationHeadquarters
- HQ city
- Miami
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Ontop business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure, Supply Chain
Revenue model
- Platform Subscription (Fixed Plan): SaaS subscription model through which Clients access the Ontop Platform and Payroll Services. Clients pay a fixed subscription fee per Fixed Plan regardless of usage during the period.
- Pay per Contract: Invoicing model for Client Services that charges recurring fees based on the number of Active Remote Worker contracts created by Clients. Fees are payable regardless of whether payments are made during a particular month.
- Payroll Fees: Fees charged for Contractor of Record and Contractor of Record (US) services for managing and facilitating Remote Worker's engagement and services rendered, calculated based on the Remote Worker's compensation.
- Financial Services Revenue: Revenue from capturing margins on funds routed through OpenTrade for yield rewards program, diversifying from subscription-based payroll services into broader financial platform services.
- Processing Fees: Variable transactional fees charged by Regulated Institutions based on payment method and currency, as well as Exception Fees for manual review, disputes, or offline processing.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Contractor of Record - Starting from $49/month |
| Subscription | Monthly | Fixed Plan - SaaS subscription |
| Unit Pricing | Monthly | Pay per Contract - Per active contract |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels6 records
Ontop product offering
Product offeringCore offering
Ontop operates a global payroll and contractor management SaaS platform that enables companies to hire, onboard, manage, and pay remote contractors across 150+ countries through Direct Hiring, Contractor of Record, and Contractor of Record (US) service models. The platform automates contracts, tax forms, and local labor law compliance, provides multi-currency payouts, and pairs this B2B offering with a B2C worker financial account (Ontop Global Account) and rewards membership (Ontop Reserve).
Product overview
Ontop is a global payroll fintech platform operating as a unified platform-plus-modules architecture. The core platform enables companies to hire, pay, and manage remote workers across 150+ countries through three main business models: Direct Hiring (clients engage workers directly with Ontop as payment agent), Contractor of Record (Ontop acts as legal employer), and Contractor of Record US (hybrid arrangement). Key products include the Ontop Global Account (digital wallet for workers to receive, spend, and grow money), Ontop Reserve (lifestyle rewards membership), Ontop Card (Visa debit), and the AI-powered Contracts Agent for streamlined contract creation. The platform offers Financial Services including multi-currency payouts, stablecoin accounts, ~3% APR yield rewards via OpenTrade partnership, and Early Wage Access. Pricing operates on SaaS subscription models (Fixed Plan at $49+/month or Pay per Contract). The platform processes over $1 billion in cross-border payments and became profitable in January 2025.
Differentiator
Problem solved
Functional benefit
Brands
- Ontop Global Account: A digital wallet account available to Remote Workers that allows them to receive compensation payments and make electronic transactions globally
- Ontop Reserve
- Ontop+
Products and services
- Multi-country Payroll and HR Solutions Core Ontop SaaS platform enabling companies to hire, onboard, manage, and pay remote contractors and full-time remote workers across 150+ countries with automated contracts, tax forms, and local labor law compliance and multi-currency payouts.
- Contractor of Record Service in which Ontop subcontracts remote workers to deliver services to clients, generates legal agreements, handles contracting, compliance and payroll, and pays the remote worker's compensation through their Payroll Account, starting from $49/month.
- Direct Hiring Service model in which clients engage remote workers directly while Ontop acts as the remote worker's payment agent, receiving funds on the worker's behalf and facilitating payment of compensation for services rendered.
- Contractor of Record (US) US-specific business model where client, Ontop, and remote worker enter into agreements. Ontop provides payroll, platform access, financial services, facilitates service delivery, handles payment, and assists with US tax forms and legal documents.
- Ontop Global Account Digital wallet account for remote workers that allows them to receive compensation payments from clients, hold USD balances, make electronic transactions to personal or third-party accounts, and access financial services including stablecoin functionality, yield rewards, and Visa debit card issuance.
- Ontop Reserve Financial membership product for global workers providing lifestyle rewards, enabling users to spend, upload funds, and earn rewards on their money through curated benefits, discounts, and growth tools.
- Ontop Card (Visa) Visa debit card available to global workers providing physical and digital payment capabilities, including Visa Click to Pay integration for online purchases at participating merchants.
- Contracts Agent AI-powered conversational product that converts the traditional multi-step contractor contract creation process into a single continuous conversation targeting completion in under two minutes, with embedded human review checkpoints and compliance-sensitive guidance.
- OpenTrade USD Savings Rewards Program Yield rewards product enabling Ontop Global Account holders to earn approximately 3% APR on idle USD balances, powered by OpenTrade's institutional-grade infrastructure and distributed initially via a 1,300-user pilot in December 2025 before full rollout.
Quantifiable outcome
- Processed over $1 billion in international payroll
- +4 more outcomes
Companies that use Ontop
Customer profileNamed customers9 records
Segments2 records
Ideal customer profiles2 records
Ontop technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration9 records
AI capability9 records
Feature4 records
Ontop partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- OpenTradecoreOntop partnered with OpenTrade to launch a ~3% APR reward program on idle USD savings held in payroll accounts. The program grew from a December 2025 pilot with 1,300 users to over $3 million in user-provided funds before expanding to Ontop's full user base. OpenTrade provides institutional-grade yield infrastructure, enabling Ontop to add new revenue layers while offering workers financial rewards on idle balances. OpenTrade counts Circle and a16z as backers and has processed over $268 million in transaction volume.
- ThunescoreThunes provides direct-to-workforce cross-border payout solution enabling real-time payments to bank accounts, mobile wallets, and stablecoin wallets across 140 countries. Ontop is cited as an early implementation partner using the service for managing international workforces. The solution connects to 12 billion accounts and addresses the 90% of gig workers who prioritize quick access to funds.
- BVNKcoreOntop and BVNK partnered to launch embedded USD stablecoin accounts for international workers across 150 countries. Users interact with what appears to a conventional dollar account while settlement occurs via stablecoin infrastructure. The expanded collaboration moves BVNK from being an existing partner for stablecoin payment receipt to providing the underlying stablecoin layer for Ontop's new USD accounts, addressing settlement speed and accessibility in markets where traditional banking infrastructure is limited.
- ThetaRaycoreOntop selected ThetaRay's SONAR AI-powered AML technology to monitor and prevent financial crimes on its platform. The implementation aims to enhance operational efficiency, meet regulatory requirements, and reduce false positives in detecting suspicious activity for the cross-border payments platform.
Scale indicators12 records
Recent moves8 records
Expansion highlights5 records
Ontop competitors and assessment
Company assessmentDirect peers
- Papaya Global: Papaya Global offers a global payroll and EOR platform serving enterprises with workforce management across 160+ countries. Competes with Ontop in the enterprise segment of multi-country payroll and contractor services.
- Deel: Deel is the category leader in global contractor management and EOR, offering the same core services as Ontop (international contractor hiring, compliance, multi-country payroll, payments). Direct head-to-head competitor in the contractor-first segment.
- Globalization Partners: Globalization Partners is a long-established EOR provider covering 180+ countries, focused on enterprise-grade global employment services. Overlaps directly with Ontop's EOR and Contractor of Record offerings.
- Remote: Remote provides global EOR, contractor management, and international payroll across 80+ countries with an owned infrastructure model. Competes with Ontop in contractor onboarding, compliance, and multi-country payouts.
- Velocity Global: Velocity Global provides EOR, contractor engagement, and global expansion services across 185+ countries. Comparable to Ontop's EOR/CoR offerings for international hiring and payments.
- Multiplier: Multiplier provides EOR, contractor management, and global payroll services across 150+ countries. Competes directly with Ontop's contractor-first positioning and multi-country payroll capabilities.
- Oyster HR: Oyster is a global employment platform specializing in EOR and contractor hiring with a strong focus on distributed teams and HR compliance. Direct competitor to Ontop in serving companies hiring international talent.
Emerging players
- Payoneer: Payoneer is a cross-border payments platform widely used by freelancers and contractors to receive international payments. Adjacent competitor to Ontop's Global Account and payout functionality.
Others
- Wise (TransferWise): Wise provides multi-currency accounts and cross-border payment infrastructure. While not a payroll/HR platform, it is a complementary — and partially competitive — payment rail that Ontop's customers may use for contractor payouts.
Broad incumbents
- Rippling: Rippling is a broader HR, IT, and payroll platform that has expanded into global payroll/EOR capabilities. Overlaps with Ontop's payroll and contractor management use cases as part of a wider HR suite.
Market position
Strengths1 record
Weaknesses5 records
Competitive moat6 records
Key risks1 record
Key highlights7 records
Customer concentration
Ontop social profiles
Digital presenceOntop compliance and trust
Trust signalCompliance6 records
Ontop financial estimates
Financial estimateRevenue estimate
Valuation estimate
Ontop leadership team
Management profileNumber of profiles
Profiles6 records
Ontop subsidiaries and ownership
Company hierarchySubsidiaries1 record
Ontop funding detail
Funding detailFunding overview
Funding rounds5 records
Investors18 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Ontop M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Ontop
What does Ontop do?
Ontop operates a global payroll and contractor management SaaS platform that enables companies to hire, onboard, manage, and pay remote contractors across 150+ countries through Direct Hiring, Contractor of Record, and Contractor of Record (US) service models. The platform automates contracts, tax forms, and local labor law compliance, provides multi-currency payouts, and pairs this B2B offering with a B2C worker financial account (Ontop Global Account) and rewards membership (Ontop Reserve).
Is Ontop a public or private company?
Ontop is a private company. It is classified as venture growth investor backed and is currently operating.
When was Ontop founded?
Ontop was founded in 2020. It employs 101 to 250 people.
Where is Ontop based?
Ontop is headquartered in Miami, United States, in the North America region.
How does Ontop make money?
Five revenue lines are on record. Platform Subscription (Fixed Plan) is the primary driver. The others are pay per Contract, payroll Fees, financial Services Revenue and processing Fees.
Who are Ontop's main competitors?
Direct peers on record are Papaya Global, Deel, Globalization Partners, Remote, Velocity Global, Multiplier and Oyster HR. Payoneer is listed as an emerging player. Wise (TransferWise) is listed as an others. Rippling is listed as a broad incumbent.
Does Ontop have an API?
Yes. Ontop API allows custom integration between the Ontop Platform and Client platforms/systems. Clients need to provide all data fields normally required by the Ontop Platform for creating and modifying contracts, making payments, and other operations. The API supports integration with client platforms and systems, and Ontop also offers native API integrations with industry-standard payroll and accounting platforms.
What industry is Ontop in?
Ontop's product category is Global Payroll and Contractor Management Platform. Its primary akta.pro industry code is BPACAHAC, Global Payroll & Multi-Country Payroll Management, with a secondary code of BPACAIAB, Payroll Software & Payroll-as-a-Service (SaaS). Its NAICS code is 561330 and its SIC code is 7361.