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.
- Enterprise Software
- Financial Technology
- HR Technology
- Software Only
Funding
Raised to date
$34.7MRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
+1- 17sigma.com (opens in a new tab)investor website
- Source unavailable
- htwenty.vc (opens in a new tab)investor website
- p72.vc (opens in a new tab)investor website
- Source unavailable
- theopportunityfund.com (opens in a new tab)investor website
- Source unavailable
- Source unavailable
Founders
Product
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.
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.
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.
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