Ontop
About Ontop
Provides a platform for legally hiring and managing international teams by handling onboarding, payroll, compliance, and contract management across 150+ countries. Simplifies cross-border operations with a single USD-based payment system, reducing the complexity and risk of multiple transactions and local regulations.
<problem> Managing international contractors and employees involves navigating complex local regulations, handling multiple currencies, and ensuring compliance with varying labor laws, creating administrative overhead and potential legal risks for businesses. Traditional methods often require engaging with multiple local providers, leading to inefficiencies and increased costs. </problem> <solution> Ontop provides a unified platform for legally hiring and managing international teams, streamlining onboarding, payroll, and compliance across 150+ countries. The platform simplifies cross-border operations by offering a single USD-based payment system, reducing the complexity and risks associated with multiple transactions and adherence to local regulations. Ontop automates contractor and employee payments, ensuring timely and accurate compensation while managing associated legal documentation. The platform also offers a global wallet for workers to receive payments in USD, with options for transfers to local accounts or cryptocurrency. By centralizing international workforce management, Ontop enables companies to focus on growth while ensuring compliance and simplifying operations. </solution> <features> - Global payroll processing in 150+ countries, supporting both contractors and employees - Automated onboarding and contract management with legally compliant templates - Real-time USD-based payments to international workers, eliminating currency conversion complexities - Compliance management, including adherence to local wage requirements and documentation standards - Global wallet for workers with options for local bank transfers, Payoneer, or cryptocurrency payouts - Optional virtual card for online and in-person purchases with cashback rewards - Automated invoice handling and earnings distribution for contractors - Dedicated support in local countries, including optional visa process management </features> <target_audience> Ontop primarily serves companies looking to hire and manage international contractors and employees, including startups, SMBs, and enterprises seeking to expand their global reach while maintaining compliance and simplifying administrative tasks. </target_audience> <revenue_model> Ontop offers tiered pricing plans, starting at $49/month for contractor management and $499/month for employee management, with additional fees for optional services like visa processing and higher transaction volumes. </revenue_model>
What does Ontop do?
Provides a platform for legally hiring and managing international teams by handling onboarding, payroll, compliance, and contract management across 150+ countries. Simplifies cross-border operations with a single USD-based payment system, reducing the complexity and risk of multiple transactions and local regulations.
Where is Ontop located?
Ontop is based in Miami, United States.
When was Ontop founded?
Ontop was founded in 2020.
How much funding has Ontop raised?
Ontop has raised 34700000.
- Location
- Miami, United States
- Founded
- 2020
- Funding
- 34700000
- Employees
- 365 employees
- Major Investors
- Endeavor Catalyst, Y Combinator, Bossa Invest, Point72 Ventures, Tiger Global Management