Ontop's new rewards product hits $3M in deposits within weeks
Ontop has expanded beyond payroll and payments to become a full financial platform for global teams. The company recently partnered with OpenTrade to launch a rewards product offering around 3% APR on USD balances. Within two weeks of its pilot, users deposited over $1 million into the scheme. The new product targets uninvested payroll funds that often sit idle between pay cycles. Fully integrated into the Ontop Global Account, it allows workers to earn yield on their balances in less than a month. OpenTrade provided the legal framework, portfolio management, and automated reporting to support the launch.
Since the pilot, total user-provided funds have grown to more than $3 million. Ontop also benefits financially by earning a margin on the balances allocated to OpenTrade’s system. This creates a new revenue stream for the company, which has already processed over $1 billion in payroll across 150+ countries in 2025.
The rewards product marks Ontop’s shift from a payroll provider to a broader financial service for distributed teams. Workers now have a way to generate returns on idle funds, while the company strengthens its platform with an additional income source. The rapid uptake suggests strong demand for embedded financial solutions in global payroll.
Read also:
- India's Agriculture Minister Reviews Sector Progress Amid Heavy Rains, Crop Areas Up
- Sleep Maxxing Trends and Tips: New Zealanders Seek Better Rest
- Over 1.7M in Baden-Württemberg at Poverty Risk, Emmendingen's Housing Crisis Urgent
- Life Expectancy Soars, But Youth Suicide and Substance Abuse Pose Concern
