In the 1980s, TemPay President and Founder Larry Holstein owned a permanent staffing firm that specialized in engineering and information technology and dabbled in the temporary staffing arena. Through this experience, he became familiar with the unique payroll funding needs of staffing agencies (accounts receivable, billing, collections, payroll funding, cash flow, payroll factoring, etc.) and decided to start a business that would provide quick and easy payroll factoring for these companies — founding TemPay in 1994.
Today, TemPay serves approximately 250 clients throughout the United States, including Puerto Rico. Its clients include temporary staffing firms specializing in administrative, healthcare, information technology and telecommunications, warehousing and light industrial, financial services and hospitality. Two decades later, TemPay continues to provide the same great products and services it has become known for to staffing agencies of all sizes and areas of specialty.