# Ontop Holdings

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ontop-holdings

- Industry: Software
- Headquarters: Bogota, Colombia
- Website: www.ontop.ai
- Total disclosed funding: $25M
- Latest round: Series A (Oct 4, 2021)
- Investors on record: 10

## About

Ontop Holdings Inc. provides global payroll and HR compliance solutions tailored for businesses hiring international contractors and employees, ensuring efficient management and compliance with local labor laws.Founded in 2020 in Bogota, Colombia, Ontop Holdings Inc. specializes in global payroll and HR compliance solutions. The company has successfully completed five deals, with its most recent funding round being a Series A in October 2021, during which it raised USD 20.000 mn from investors including Point72 Ventures, SB Investment Advisers, and Tiger Global Management. The founders, Dror Orpaz, Julian Gomez, and Santiago Aparicio, have initiated a strategy focused on expanding Ontop's capabilities.Ontop specializes in providing comprehensive global payroll and HR compliance solutions tailored for businesses looking to hire and manage international contractors and employees effectively. Their core offerings include two main service plans: a Contractor plan, which encompasses contract drafting, legal compliance, payment processing, and tax documentation; and an Employee (EOR) plan that provides full employer-of-record services, including payroll management, taxes, benefits, visa assistance, and HR support. These services are designed to streamline the complexities of global hiring, ensuring compliance with local labor laws and tax regulations across 150+ countries, including regions in Latin America, Europe, Asia, and Africa. Ontop's client base consists of various companies seeking to expand their workforce internationally and manage payroll seamlessly in multiple currencies, with a focus on enhancing operational efficiency and compliance without the associated administrative burdens.Ontop generates revenue through its subscription-based service plans aimed at businesses hiring international talent. The Contractor plan starts at USD 49 per month, while the Employee (EOR) plan is structured with pricing tiers ranging from USD 299 to USD 499 per month, depending on the specific services utilized. Transactions occur as businesses subscribe to these plans, resulting in consistent monthly revenues based on the number of contractors or employees managed through the platform. The company also facilitates cross-border payments and currency exchange, further enhancing its revenue potential through transaction fees associated with international payments processed via their platform. Ontop's transparent pricing model ensures that clients receive a detailed breakdown of costs prior to payment, effectively eliminating unexpected charges or fees.Following its most recent Series A funding round in October 2021, Ontop Holdings Inc. plans to utilize the USD 20.000 mn raised to expand its team by hiring professionals in FinTech, traditional banking, and legal sectors to strengthen its global payment network. The company is also interested in developing new products to enhance its service offerings and aims to expand into new geographic markets, targeting specific regions to establish a more robust international presence.

## Funding rounds

- Series A, Oct 4, 2021, $20M — Tiger Global Management, Point72 Asset Management, SB Investment Advisers
- Seed, May 12, 2021, $4.5M — H2O Capital, FundersClub, Magma Partners, Point72 Asset Management, Clocktower Technology Ventures, Supernode Ventures, Soma Capital, Flucas Ventures

## Investors

- H2O Capital — Seed
- FundersClub (https://capitalatlas.ai/funds/fundersclub) — Seed
- Magma Partners (https://capitalatlas.ai/funds/magma-partners) — Seed
- Point72 Asset Management — Seed, Series A
- Clocktower Technology Ventures (https://capitalatlas.ai/funds/clocktower-technology-ventures) — Seed
- Supernode Ventures (https://capitalatlas.ai/funds/supernode-ventures) — Seed
- Soma Capital — Seed
- Flucas Ventures (https://capitalatlas.ai/funds/flucas-ventures) — Seed
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series A
- SB Investment Advisers (https://capitalatlas.ai/funds/sb-investment-advisers) — Series A