\u201cH\u200biring and paying global talent is very fragmented,\u201d Torres told Refresh Miami. \u201cCompanies have to juggle dozens of tools for contracts, for compliance, and for payment.\u201d Ontop began by pulling all of that into one auditable flow. No more extra platforms. No mix of steps that didn\u2019t talk to each other. Just one line from contract to payout.<\/p>\n
It worked. As Ontop grew, something unexpected took off: workers started storing their earnings inside the Ontop USD account and using the linked Visa card.\u00a0<\/p>\n
Torres explained, \u201cWe launched what we called the Ontop Wallet, which is a global wallet that people can use anywhere. They can keep what they make in US dollars and use it without fees.\u201d The wallet and card soon became a major part of the business.<\/p>\n
That pushed Ontop deeper into financial tech. The team built its own ledger, became an authorizer of transactions, and created a system that moves money worldwide in minutes instead of days.\u00a0<\/p>\n
Torres noted the contrast clearly: \u201cIf you were going to send a wire from the US to Argentina, that could take anywhere from six to twenty days. Right now, Ontop is settling transactions worldwide in less than fifteen minutes.\u201d<\/p>\n
So far, the company has processed more than $1 billion in global payroll and reached profitability in January 2025. The hiring space has big players, but Torres sees a clear difference.<\/p>\n
\u201cMost platforms offer features,\u201d he said. \u201cWe offer orchestration.\u201d Ontop also directs more attention to the worker. \u201cWe really shine a light on remote workers,\u201d he added. Contractors can hold funds, spend with the card, and access perks that help with daily needs.<\/p>\n
The next step is AI. A contract that once took 10 minutes now takes only a few seconds. \u201cYou can just prompt our system, and our system has five years of training,\u201d Torres said. \u201cIt can craft a contract, payment flows, everything.\u201d AI also decides the best route for money transfers, cutting cost and shortening delays.<\/p>\n
Miami sits at the center of the story, in Torres\u2019s view. \u201cMiami has a very unique mix. Almost everyone I talk to has something to do with Latin America or some kind of business. And we are the platform that helps them bridge that gap.\u201d The city gives Ontop access to US rules, Latin American talent, and founders who depend on smooth cross-border hiring.<\/p>\n
Torres sees the next phase more as a union of tools than a single leap. \u201cThe future is the convergence,\u201d he said. \u201cWorkers will have one platform for everything: payroll, wallet, FX, spending, analytics.\u201d To him, the analogy is clear. \u201cWe\u2019re building the PayPal or Payoneer of the future. A financial system on top of the system.\u201d<\/p>\n
If that vision holds, the long waits, stalled wires, and broken steps that sparked Ontop\u2019s creation may soon feel like another ice age.<\/p>\n
![\"\"](\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2025\/12\/ontop-exec-leadership-1024x703.jpeg\")
Ontop\u2019s executive leadership team<\/p>\n
READ MORE IN REFRESH MIAMI:<\/p>\n
I am a Miami-based technology researcher and writer with a passion for sharing stories about the South Florida tech ecosystem. I particularly enjoy learning about GovTech startups, cutting-edge applications of artificial intelligence, and innovators that leverage technology to transform society for the better. Always open for pitches via Twitter @rileywk or www.RileyKaminer.com.<\/p>\n ![\"Riley](\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2025\/10\/4q0a7418-1.jpeg\")
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