What is Paragon Payroll?
Paragon Payroll is a national provider of comprehensive payroll, tax filing, and workers' compensation solutions tailored for businesses of all sizes. The company's service offerings extend beyond core payroll processing to include tax administration and pay-as-you-go workers' compensation programs. Leveraging an extensive partner network, Paragon Payroll also facilitates human resource support and employee benefit outsourcing, encompassing areas such as unemployment claims administration, medical and dental insurance, 401k plans, and broader benefit administration.
How much funding has Paragon Payroll raised?
Paragon Payroll has raised a total of $509K across 2 funding rounds:
Debt
$150K
Debt
$359K
Debt (2020): $150K with participation from PPP
Debt (2021): $359K led by PPP
Key Investors in Paragon Payroll
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Paragon Payroll?
The recent major strategic investment signals a phase of accelerated growth and potential expansion for Paragon Payroll. This capital infusion is likely to be directed towards enhancing its service offerings, expanding its market reach, and potentially integrating new technologies to further streamline payroll and HR processes for its diverse client base. The company's focus on comprehensive solutions positions it well to capitalize on evolving business needs in workforce management.
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