Madison Resources

What Madison Resources does

Madison Resources is a Portsmouth, New Hampshire-based financial services company founded in 1992 by Lenny Tierney that exclusively serves the U.S. staffing industry. The company addresses a structural cash-flow problem in staffing—weekly payroll obligations against client invoices that typically pay in 30 to 90 days—by advancing working capital against approved invoices at 100% of face value and providing bundled back-office services including payroll processing, payroll tax administration, invoicing, collections, W-2 processing, cash application, and credit and risk management. Engagement is offered in three modular configurations: Full Service, Funding Only, and Services Only, plus Strategic Consulting & Advisory for clients seeking growth-stage guidance.

The proprietary technology stack centers on Madison Online Solutions, a portal providing 24/7 transactional reporting on sales, accounts receivable, cash posting, payroll, and workers compensation, paired with Performance Analytics for sales-trend, gross-margin, and profit tracking with adjustable period comparisons. A suite of APIs connects client front-end systems, including Applicant Tracking Systems, CRMs, and Vendor Management Systems, to Madison's back-office platform. Revenue is generated through transaction fees on funded invoice volume and managed-service fees on bundled back-office work; pricing is custom and quote-based.

Madison serves thousands of staffing firms ranging from startup to enterprise across more than 12 verticals including healthcare and travel nurse, IT and technology, light industrial, hospitality, security, construction, education, government contracting, financial, office/clerical, and disaster recovery. The company employs 101-250 people, is privately held under Tierney family ownership with no institutional funding, and has been led since approximately 2022-2023 by the second generation of the Tierney family, supported by a Chief Revenue Officer hired from outside the family in recent years. Distribution is direct-sales led via phone, website lead capture, and referral relationships, supplemented by content marketing and social channels targeting staffing-firm decision makers.

Name

Madison Resources

Legal name

Madison Resources

Website

https://madisonresources.com

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Portsmouth

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Supply Chain

Revenue model

1. Payroll Funding: Madison Resources advances 100% of the face value of approved invoices to staffing firms, bridging the cash flow gap between paying employees weekly and collecting client payments. Revenue is generated through fees charged on the funded invoices, typically with weekly profit advances paid to the staffing firm.
2. Back-Office Support Services: Turn-key back office services including payroll processing, payroll tax administration, invoicing and billing management, collections support, W-2 processing, cash application, and credit and risk management. Offered as a bundled full-service package or as standalone services-only solution.
3. Technology and Business Intelligence: Staffing-specific technology solutions including Madison Online Solutions and Performance Analytics software, accessible via API integration. Revenue generated as part of bundled back-office packages or potentially as standalone software access.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels9 records

Core offering

Madison Resources provides payroll funding by advancing 100% of approved invoice face value to staffing firms, bridging the cash flow gap between weekly payroll obligations and delayed client payments. It complements funding with a full back-office stack (payroll processing, payroll tax administration, invoicing, collections, cash application, W-2 processing, and credit/risk management) plus staffing-specific proprietary software (Madison Online Solutions and Performance Analytics) integrated via APIs.

Product overview

Madison Resources offers a unified platform of payroll funding and back-office support services specifically designed for staffing firms. The core offerings include Payroll Funding (unlimited funding at 100% of invoice face value), Full Service (combined funding with complete back-office support), Funding Only (for firms that want to maintain operational control), and Services Only (back-office without funding). The technology stack includes Madison Online Solutions (24/7 access to transactional reports including sales, accounts receivable, cash posting, payroll, and workers compensation) and Performance Analytics (tracks sales trends, gross margins, and profits). Additional modules include Credit & Risk Management, Payroll Tax Administration & W-2 Processing, Billing & Invoicing, Collections & Accounts Receivable Support, and Cash Application. The company's suite of APIs enables integration with front-end staffing software and vendor management systems.

Differentiator

Problem solved

Functional benefit

Products and services

• Payroll Funding Payroll funding solution that advances 100% of the face value of approved invoices to staffing firms, allowing them to meet weekly payroll obligations while waiting for client payments. Generates revenue through transaction fees on funded invoices, typically with weekly profit advances paid to the staffing firm.
• Full Service Comprehensive payroll funding combined with complete back-office support including payroll processing, invoicing, collections, and tax administration, offered as a turn-key bundled package for staffing firms.
• Funding Only Payroll funding solution allowing staffing firms to maintain full control of their payroll, invoicing, and operations while accessing reliable working capital funding from Madison Resources.
• Services Only Back-office solutions for staffing firms including payroll processing, invoicing, collections, and payroll tax administration, provided without altering the staffing firm's existing funding model.
• Payroll Processing & Timekeeping Back-office payroll processing and timekeeping service for staffing firms, handling wage calculations, paycheck issuance, and time tracking for temporary employees.
• Payroll Tax Administration & W-2 Processing End-to-end management of payroll tax filings and reporting including withholding, electronic deposits and filings for federal, state, and local payroll taxes, unemployment tax filings, and annual W-2 processing for staffing firms.
• Billing & Invoicing Invoice generation for staffing firms based on approved timecards and billing terms, with customized invoicing formats branded with company logo and identity.
• Collections & Accounts Receivable Support

Quantifiable outcome

• Client scaled from startup to $95M revenue in under three years with Madison's working capital support
• +3 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature4 records

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• BlueRock Financial: BlueRock Financial is a direct competitor providing payroll funding and back-office support specifically to staffing firms in the U.S., offering invoice advances, payroll processing, and tax administration — directly overlapping Madison's core staffing-focused offering.
• Breakout Capital Finance: Breakout Capital provides invoice factoring and payroll funding solutions explicitly targeted at staffing and PEO companies, making it a close functional peer to Madison's payroll funding product line.
• Everest Business Funding: Everest Business Funding delivers working capital, invoice factoring, and payroll funding to staffing agencies and small businesses, serving the same target customer (U.S. staffing operators) with comparable funding products.
• Pearl Capital Business Funding: Pearl Capital provides invoice factoring, payroll funding, and small business financing with a strong focus on staffing agencies and service businesses, overlapping Madison's funding-focused customer base and product suite.
• Strategic Funding Source: Strategic Funding Source is a direct competitor offering payroll funding and factoring to staffing and PEO firms, providing invoice advances and back-office services that closely parallel Madison's combined funding-and-services model.

Broad incumbents

• PrismHR: PrismHR is a large, PE-backed provider of HR, payroll, benefits, and back-office technology to PEOs and staffing firms; it serves the same end customer as Madison but as a horizontal technology platform rather than a payroll funder.
• BlueVine: BlueVine is a well-capitalized fintech providing invoice factoring and working capital lines to small and mid-sized U.S. businesses, including staffing agencies; it competes with Madison on funding capacity and pricing rather than staffing specialization.
• AltLine (The Bancorp Bank): AltLine, a division of The Bancorp Bank, provides invoice factoring and working capital solutions to small businesses including staffing firms, representing a bank-backed incumbent competing with Madison's specialized funding service.
• Fundbox: Fundbox is a fintech offering working capital and invoice-based financing to U.S. small businesses, with product overlap to Madison's funding product though Fundbox is broader and not staffing-specialized.
• Paychex: Paychex is a large payroll, HR, and benefits services provider for SMBs including staffing firms; while broader in scope, it competes with Madison's payroll processing and back-office services lines, especially via its PEO and funding-adjacent offerings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/madison_rf
• YouTubeyoutube.com/@madisonresources4232
• Facebookfacebook.com/madisonresources
• LinkedInlinkedin.com/company/madison-resource-funding
• Instagraminstagram.com/madison_resources

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Madison Resources