MP (formerly MassPay)

MP (formerly MassPay)

mp-hr.com ↗·United States·Updated Aug 22, 2021

HR technology and services company that sells, implements, and supports the iSolved HCM platform for small to mid-market businesses (50-500 employees), covering payroll, benefits administration, onboarding, and applicant tracking.

SaaSHR TechAgencyAnalytics

Est. Valuation

$39M

$39,000,000 · 5× ARR estimate

Monthly Revenue (MRR)

$650K

$650,000/mo

Annual Revenue (ARR)

$7.8M

$7,800,000/yr

Employees

70

Founded

2003

MP (formerly MassPay) Revenue History

Revenue history for MP (formerly MassPay) from 2021 to 2026.

YearMRRARRYoY GrowthSource
2021$650,000$7,800,000—Aug 2021

How MP (formerly MassPay) Makes Money

subscriptions

MP (formerly MassPay) Funding

MP (formerly MassPay) is fully bootstrapped with no outside funding. The company has grown to $7,800,000 ARR organically.

MP (formerly MassPay) Founders

Jason Maxwell

Founder & CEO

MP (formerly MassPay) FAQ

How much does MP (formerly MassPay) make?
MP (formerly MassPay) generates $650,000 in monthly recurring revenue (MRR), which is $7,800,000 annualized (ARR). This revenue figure is self-reported by the founder.
What is MP (formerly MassPay)'s valuation?
MP (formerly MassPay)'s estimated valuation is $39,000,000, calculated as a 5× multiple of its annual recurring revenue (a standard SaaS benchmark for unverified companies).
Who founded MP (formerly MassPay)?
MP (formerly MassPay) was founded in 2003 by Jason Maxwell (Founder & CEO). The company is based in US.
Is MP (formerly MassPay) bootstrapped?
Yes, MP (formerly MassPay) is fully bootstrapped with no outside funding. The company has grown to $7,800,000 ARR organically as a solo-founder business.
What does MP (formerly MassPay) do?
HR technology and services company that sells, implements, and supports the iSolved HCM platform for small to mid-market businesses (50-500 employees), covering payroll, benefits administration, onboarding, and applicant tracking. MP (formerly MassPay) operates in the SaaS, HR Tech, Agency space.

Companies Similar to MP (formerly MassPay)

SaaS companies with similar tags and business models.

York IE

York IE

$125K/moUS
HipLead

HipLead

$122K/moUS
RippleWorx

RippleWorx

$100K/moUS
WeCP (We Create Problems)

WeCP (We Create Problems)

$85K/moIN
Experiential Etc

Experiential Etc

$83.3K/moIN
ZoomInfo

ZoomInfo

$100M/moUS

How We Estimate MP (formerly MassPay)'s Revenue & Valuation

Profitable tracks revenue, valuation, and other key metrics for thousands of companies using a layered confidence model. Each revenue figure on this page is tagged with one of three confidence levels:

  • Verified — directly confirmed via Stripe integration or audited filings.
  • Self-reported — numbers publicly shared by the founder on X, blog posts, or interviews.
  • Estimated — derived from publicly available signals (traffic, employee count, pricing, comparables).

Valuation follows a hierarchy: public companies use the live market cap; private companies with disclosed funding rounds use the last reported valuation; otherwise we apply a conservative 5× ARR multiple as an estimate. Multiples vary by business model — SaaS typically sits 5–7×, profitable bootstrapped operations 3–5×, consumer brands 1–3×, marketplaces 8–12×.

These are estimates, not official figures. Official numbers — when available — will always override estimates.