Onfolk Analysis: $125K Raised
What is Onfolk?
Onfolk provides automated payroll and HR solutions, streamlining employee management and reducing administrative tasks for businesses.
Employees
4
Founded
2020
Investors
- Y Combinator
- ACE Ventures (Geneva)
Product Features & Capabilities
- Payroll automation, intuitive payslips, integrated pensions & accounting, employee data storage, time-off management, self-serve onboarding, insights & reporting, unlimited document storage, asset tracking, custom fields.
Pricing
- Starts at £5 /mo per employee, minimum spend £40 /mo
- No setup fee
- Risk-free migration
- Cancel anytime
- Monthly payroll
- Instant payroll calculations
- Pension integrations
- Xero & Quickbooks accounting integrations
- Edit payroll up to payday
- RTI submissions (direct HMRC integration)
- B
How much Onfolk raised
Seed - $125,000
September 1, 2021Lead Investor: Y Combinator, ACE Ventures (Geneva)
Who are the founders of Onfolk
NM
Naz Malik
Founder
CT
Charlie Thomas
Founder
Competitors Overview
Onfolk operates in the payroll and HR solutions market, facing competition from several notable companies. The main competitors include:
- Rippling: An all-in-one platform that integrates HR, IT, and operations management. It is user-friendly and offers automation, integration, security, and c
Business Model
Subscription-based model charging per employee, with minimum monthly fees for services.
Market Focus
Onfolk primarily focuses on the Human Resources (HR) and Payroll industry, providing solutions that automate and simplify the management of employee data and payroll processing.
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