Payentry
“Can a legacy payroll processor become a full-service HCM platform with embedded financial benefits — EWA, retirement, and prepaid cards — for SMB employers?”
Founded1994
HQUnited States (Charlotte, NC area based on phone prefix)
IndustryHorizontal SaaS / HR & Payroll
The story
Founded in 1994 as a payroll processing engine under MPAY LLC, Payentry has evolved into a full-stack human capital management (HCM) platform serving over 30,000 employer clients across all 50 US states. The company has progressively embedded financial services — including earned wage access, retirement plan administration, and a prepaid card product — directly into its payroll software. It operates as the DBA brand 'Payentry' and also maintains 'Corporate Payroll Services' (cpsgo.com) as an additional brand under the same legal entity.
Last 12 months
Product timeline
1994
MPAY LLC founded with a mission to build a reliable payroll processing engine.· pivot
2023
Launched 'Wages On-Demand' earned wage access feature as an enhancement service for employees.· banking
2024
Launched retirement plan services (Traditional 401k, Safe Harbor 401k, Simple IRA Plus) integrated into the payroll platform.· banking
2025
Registered under NMLS ID 2570952 and expanded licensed footprint across Illinois, Maine, and Texas.· pivot
2026
Partnership with California Trucking Association announced, expanding into niche vertical markets.· pivot
Regulated entities
1
regulatory licence held by Payentry
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
3 layers disclosed in Payentry’s embedded-finance stack
Banking / BaaS
Sponsor bank
in the full report
Accounting
in the full report
Accounting gap: minor
3 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.