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How ConnectPay CEO Michael Young grew ConnectPay to $38.4M revenue with a 146 person team in 2024.

Payroll processing company for small businesses offering tailored connections and optimization, as well as HR and worker's compensation insurance

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ConnectPay Revenue

In 2024, ConnectPay's revenue reached $38.4M. Since its launch in 2008, ConnectPay has shown consistent revenue growth.

ConnectPay Revenue GrowthReported revenue / ARR by year$0$10M$20M$30M$40M$50M200820102012201420162018202020222024$0$38MSource: GetLatka.com
YearMilestoneQuote
2024ConnectPay Hit $38.4m revenue in June 2024
2008Launched with $0 revenue

ConnectPay Valuation, Funding Rounds

ConnectPay's most recent disclosed valuation is $115.2M.

ConnectPay is a bootstrapped Payroll Software startup. Founded in 2008, ConnectPay has grown to $38.4M in revenue without raising any venture capital or outside funding.

As a self-funded Payroll Software SaaS company, ConnectPay has built its business with no outside investment.

ConnectPay Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$120082008 cumulative: $0 • 2008 Founded: $02008 Founded: $0 valuationSource: GetLatka.com
YearRoundAmountValuation% SoldQuote

ConnectPay Employees & Team Size

ConnectPay employs approximately 146 people as of 2026.

ConnectPay has 146 total employees in different roles and functions.

ConnectPay Team GrowthReported headcount over time0408012016020082010201220142016201820202022202400146146Source: GetLatka.com
YearMilestone
2024Reached 146 employees (November 2024)

Founder / CEO

Michael Young

Michael Young is listed as Founder / CEO at ConnectPay.

Q&A

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Customers

We do not have customer count information for ConnectPay yet.

Frequently Asked Questions about ConnectPay

What is ConnectPay's revenue?

ConnectPay generates $38.4M in revenue.

Who founded ConnectPay?

ConnectPay was founded by Michael Young.

Who is the CEO of ConnectPay?

The CEO of ConnectPay is Michael Young.

How much funding does ConnectPay have?

ConnectPay raised $0.

How many employees does ConnectPay have?

ConnectPay has 146 employees.

Where is ConnectPay headquarters?

ConnectPay is headquartered in Foxborough, Massachusetts, United States.

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Compare ConnectPay to the industry

ConnectPay operates across multiple industries. Browse revenue, funding, and growth data for ConnectPay in each sector below.

Source Attribution

Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.

Company data last updated .