What is Paragon Payroll?
Paragon Payroll offers comprehensive payroll services, including processing, tax administration, and pay-as-you-go workers compensation programs. The company extends its offerings through an extensive partner network, providing human resource support and employee benefit outsourcing. This includes services such as unemployment claims administration, medical and dental insurance, 401k plans, and benefit administration, catering to businesses of all sizes seeking integrated HR and payroll solutions.
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
Undisclosed Investors
What's next for Paragon Payroll?
The recent major strategic investment suggests Paragon Payroll is poised for significant expansion and enhancement of its service offerings. This capital infusion is likely to fuel advancements in technology, broaden market reach, and potentially integrate new HR solutions. The company's focus on a comprehensive suite of services positions it to capitalize on the growing demand for streamlined business operations and employee management, particularly among small to medium-sized enterprises.
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