Onfolk

Onfolk is a UK-based human resources and payroll software provider established in 2020 by co-founders Michael Colley, Naz Malik, and Charlie Thomas. The company targets the specific administrative needs of small to medium-sized enterprises (SMEs) within the United Kingdom. In October 2024, the business was acquired by Tide, a prominent business financial platform, and now operates as Tide Payroll. The acquisition integrated Onfolk's team and technology into Tide's ecosystem, aiming to offer a comprehensive suite of financial and administrative tools to Tide's extensive member base.

The company's core offering is a software-as-a-service (SaaS) platform designed to consolidate and automate HR and payroll functions. This subscription-based service streamlines processes such as payroll calculations, tax filings with HMRC, pension scheme integrations, and employee onboarding. The platform serves as a centralized database for all employee information, which helps to eliminate data duplication and reduce administrative overhead. Key features include automated payroll processing, generation of easy-to-understand payslips, time-off management, unlimited document storage, and an asset tracker. Onfolk's system is designed for efficiency, enabling tasks like running payroll and setting up new employees to be completed in minutes.

Onfolk's platform integrates with major accounting software and pension providers, enhancing its utility for businesses. It also offers employee self-service portals, allowing staff to manage their personal information, access pay stubs, and request leave. For management, the platform provides reporting and analytics capabilities to generate insights on metrics like labor costs and to assist with compliance tasks such as gender-pay gap reports. Prior to its acquisition, Onfolk had secured $125,000 in a seed funding round led by Y Combinator in September 2021, which supported its early growth and product development.

Keywords: payroll automation, HR software, SME financial tools, employee onboarding, UK payroll, HMRC integration, pension administration, time-off management, employee self-service, SaaS, people administration, Tide Payroll, HR analytics, payroll reporting, compliance management, employee data management, financial technology, business administration, expense management, people operations