About OnPay Solutions
OnPay Solutions is a Technology company based in Jacksonville (United States) founded in 2009, and was acquired by Medius in March 2022. It operates as a b2B accounting and payment automation. It operates in the Technology and Financial Services sectors. OnPay Solutions has raised $550 thousand across 2 funding rounds from investors including Medius and PS27 Ventures. OnPay Solutions offers products and services including AP Automation, Payment Automation, and Fraud & Risk Detection. Its focus areas include FinTech, Finance & Accounting Tech, Accounting Solutions and Account Payables & Receivables. Its competitors include Bill.com, Melio, Lili, Settle and Esker and 5 more; 7 of its 10 listed competitors have raised funding.
Company details
OnPay Solutions was established in 2009 in Jacksonville, United States, within the B2B fintech sector. Services encompass virtual cards, ACH transfers, wire payments, and comprehensive vendor management. End-to-end solutions are delivered for vendor onboarding, accounts payable automation, and consolidated payments for outstanding balances. A dashboard is utilized by businesses to oversee and manage expenses and payables across operations.
- Headquarters Jacksonville, United States
- Stage Acquired
- SectorsTechnologyFinancial Services
- Email••••••••
- Website onpaysolutions.com
- Social LinkedIn X Facebook
- Acquired by Medius (Mar 2022)
Products & Services of OnPay Solutions
OnPay Solutions offers a comprehensive portfolio of products and services, including AP Automation, Payment Automation, and Fraud & Risk Detection.
Automates invoice processing and approvals to reduce manual tasks
Manages supplier payments securely via cards and ACH
Identifies and prevents payment fraud using AI analytics
Funding Insights of OnPay Solutions
OnPay Solutions has successfully raised a total of $550K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $550 thousand completed in June 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $550,000
- Total Rounds 2
- Last Round Seed — $550,000
- Investors Count 1
All 2 funding rounds of OnPay Solutions with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2019 | $550,000 | Seed | – | – | – |
| Mar 2017 | – | Seed | – | – |
2 investors in total: 2 institutional.
Investors in OnPay Solutions
OnPay Solutions has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Medius and PS27 Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments are made in AI-driven B2B startups by PS27 Ventures. | – | ps27ventures.com | Jacksonville, United States | |
Cloud-based end-to-end source-to-pay management software is provided. | 2001 | medius.com | Stockholm, Sweden |
Investor details for OnPay Solutions
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People of OnPay Solutions
1 people are tracked at OnPay Solutions (1 in leadership).
| Name | Role | Group |
|---|---|---|
Neal Anderson | VP, Strategy, Payments | Leadership |
Complete people profiles for OnPay Solutions
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Timeline of OnPay Solutions
4 dated milestones of OnPay Solutions across 13 years, from founding to its latest funding, stage changes and deals.
- Founded OnPay Solutions is founded.
- Funding First funding round.
- Funding Latest funding round, Seed, of $550K.
- Exit Acquired by Medius.
Competitors of OnPay Solutions
OnPay Solutions has 10 listed competitors in our database, 7 of them funded. They include Bill.com, Melio, Lili, Settle and Esker, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| bill.com | 2006 | Palo Alto, United States | $325.6M | 1,384 | Cloud-based accounts payable and receivable software for businesses | |
| melio.tech | 2018 | Santa Clara, United States | $4.25M | – | Blood-based pathogen detection devices are manufactured for healthcare applications. | |
| lili.co | 2018 | New York, United States | $80M | – | Digital banking services are offered to freelancers. | |
| settle.com | 2019 | San Francisco, United States | $91M | – | Cloud-based cash flow management is provided for payers and vendors. | |
| esker.com | 1985 | Middleton, United States | – | 223 | AI and cloud-enabled source-to-pay automation solutions are provided for businesses. | |
| routable.com | 2016 | San Francisco, United States | $47.68M | – | Online invoicing and payment software is provided for businesses. | |
| tradeshift.com | 2010 | San Francisco, United States | $1.24B | – | Cloud-based source-to-pay management solutions are provided for businesses. | |
| ghx.com | 2000 | Louisville, United States | – | 785 | Supply chain solutions for healthcare industry are provided. | |
| lockstep.io | 2019 | Seattle, United States | – | – | Cloud-based workflow solutions are provided for accounting firms' management needs. | |
| levelset.com | 2005 | New Orleans, United States | $48.44M | 138 | Levelset is focused on construction payment and lien rights management. |
Detailed competitors of OnPay Solutions
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- Full competitor set
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Web traffic of OnPay Solutions
Websites that share an audience with OnPay Solutions (onpaysolutions.com).
Websites whose visitors overlap most with OnPay Solutions. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
secure-payment-services.com | secure-payment-services.com | 100% | – | #2,476,887 | – |
e-centru.com | e-centru.com | 64% | – | – | – |
| billmatrix.com | 64% | 2.1M | #29,314 | View details | |
| paymate.com | 63% | 4.6K | #4,204,093 | View details | |
unifiedpaymentsnigeria.com | unifiedpaymentsnigeria.com | 63% | – | – | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 9 similar websites and full traffic analytics for OnPay Solutions
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- 9 similar websites
- Audience overlap
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Top companies in Finance & Accounting Applications
10 companies that operate in the same segment as OnPay Solutions (Finance & Accounting Applications), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Corporate travel and expense management are facilitated through SaaS platform. | 2015 | Palo Alto, California, United States | USD 1.58 B | USD 3.52 M | 847 | |
Financial and accounting software is developed for businesses and individuals. | 1983 | Mountain View, California, United States | USD 49.62 M | USD 21.45 B | 18,200 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.07 B | – | 6,209 | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.2 B | – | 5,356 | |
Subscription-based online banking is offered to SMEs and freelancers. | 2017 | Paris, Ile de France, France | USD 717.15 M | USD 171.7 M | 2,457 | |
Cloud-based ERP software is provided for business management across segments. | 1996 | Oslo, Oslo, Norway | USD 198.09 M | – | – | |
Payflow is recognized as a financial wellness application for employees. | 2020 | Alcobendas, Comunidad De Madrid, Spain | USD 58.23 M | – | – | |
Cloud-based HR and payroll solutions are offered for small businesses. | 2012 | San Francisco, California, United States | USD 718.35 M | – | 8,159 |
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Related news about Onpay Solutions
Complete news archive for OnPay Solutions
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Frequently Asked Questions about OnPay Solutions
OnPay Solutions was founded in 2009 and raised its 1st funding round 8 years after it was founded.
OnPay Solutions is headquartered in Jacksonville, United States.
OnPay Solutions is a funded company, having raised a total of $550K across 2 funding rounds to date.
OnPay Solutions was established in 2009 in Jacksonville, United States, within the B2B fintech sector. Services encompass virtual cards, ACH transfers, wire payments, and comprehensive vendor management. End-to-end solutions are delivered for vendor onboarding, accounts payable automation, and consolidated payments for outstanding balances. A dashboard is utilized by businesses to oversee and manage expenses and payables across operations.
OnPay Solutions offers AP Automation, Payment Automation, and Fraud & Risk Detection.
OnPay Solutions has 2 investors. Key investors include Medius, and PS27 Ventures.
Yes. OnPay Solutions was acquired by Medius in March 2022.