Versapay

Versapay

Automates B2B accounts receivable processes

Overview

VersaPay automates accounts receivable for businesses using its ARC platform to streamline invoicing, payments, and customer communication through a self-service portal. Clients subscribe to ARC, invoices appear in the portal, customers pick payment methods, and payments are processed with data centralized for the business. The platform emphasizes a configurable, customer-focused experience and combines subscription fees with possible transaction charges to serve a wide range of B2B clients from small firms to large enterprises. The goal is to help businesses automate AR workflows, improve cash flow, and boost customer satisfaction and retention with a secure, easy-to-use solution.

About Versapay

Simplify's Rating
Why Versapay is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Enterprise Software

Fintech

Company Size

201-500

Company Stage

IPO

Headquarters

Toronto, Canada

Founded

2006

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Simplify's Take

What believers are saying

  • June 2026 Virtual Card Connect expands monetization across higher-margin card payments.
  • January 2026 Emily Roccheggiani hire strengthens enterprise sales after Adyen and Forma.
  • KeyBank’s July 2025 KeyTotal AR partnership validates Versapay with regulated-bank distribution.

What critics are saying

  • KeyBank can absorb Versapay’s features into KeyTotal AR and crush standalone pricing.
  • ERP vendors like NetSuite and SAP embed receivables automation, weakening Versapay’s differentiation by 2027.
  • Great Hill’s 2020 ownership leaves Versapay exposed to exit pressure if growth stalls.

What makes Versapay unique

  • Versapay’s network spans 5 million businesses and $260 billion annual payment volume.
  • Its Collaborative AR portal centralizes invoices, disputes, and payments inside customer workflows.
  • Deep ERP connectors and cash-application automation reduce DSO for midmarket finance teams.

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Funding

Total Funding

$29.3M

Above

Industry Average

Funded Over

5 Rounds

Post IPO Equity funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Equity Funding Comparison
Coming Soon

Benefits

Remote Work Options

Flexible Work Hours

Stock Price

Growth & Insights and Company News

Headcount

6 month growth

-1%

1 year growth

-1%

2 year growth

-1%
PR Newswire
Jan 26th, 2026
Versapay appoints Emily Roccheggiani as chief sales officer to drive commercial growth

Versapay, an accounts receivable platform, has appointed Emily Roccheggiani as chief sales officer to lead its commercial growth strategy. Roccheggiani brings extensive fintech experience, having spent over eight years at Adyen where she joined as the sixth member of the North American sales team during its global expansion. Most recently, she served as chief revenue officer at Forma, building go-to-market teams in the employee benefits sector. At Versapay, she will drive expansion across core verticals, deepen strategic partnerships and scale the sales organisation. Versapay serves 10,000 customers and processes over $260 billion in payment volume annually across 5 million companies. The company is capitalising on growing demand for real-time payments and automation in business-to-business commerce.

PYMNTS
May 15th, 2025
From Friction To Flow: Ar Automation In 2025

01 Paper checks and manual data entry are still common elements of accounts receivable. 02 Manual processes’ delays, errors and uncertainties have a direct impact on revenue. 03 By automating AR processes, businesses can improve the timeliness of payment receipt while reducing costs and manual frictions. 04 PYMNTS Intelligence interviews Carey O’Connor Kolaja, CEO of Versapay, on why digitizing and automating payments is no longer just a nice-to-have for companies in 2025.At the core of every business, accounts receivable (AR) serves as a critical driver of growth by converting sales into cash flow. Although digital and automated transformation is ongoing, many companies are still relying on slow, manual processes to manage this essential function. These manual workflows require human input at every step — from generating invoices to collecting payments — making them prone to inefficiencies and errors

FF News
Apr 23rd, 2025
Versapay Names Elizabeth Bramlage as Chief Marketing Officer

Versapay, a leading Accounts Receivable (AR) Platform, has appointed Elizabeth Bramlage as Chief Marketing Officer.

PR Newswire
Apr 23rd, 2025
Versapay Names Elizabeth Bramlage As Chief Marketing Officer

Experienced fintech and payments leader to drive brand growth and market expansionATLANTA, April 23, 2025 /PRNewswire/ -- Versapay, a leading Accounts Receivable (AR) Platform, has appointed Elizabeth Bramlage as Chief Marketing Officer. Recognized for her proficiency in driving creative initiatives that deliver business growth, Elizabeth will oversee all aspects of marketing across the customer journey as the company broadens its market presence

PYMNTS
Oct 15th, 2024
Cutting The Checks: Boosting Commercial Payment Speed And Security With Virtual Cards

01 Corporate and commercial payment delays can tie up working capital, inhibit growth and exacerbate inefficiencies. Virtual cards offer a modern solution that minimizes cash flow volatility. 02 Traditional payment methods are increasingly susceptible to fraud, potentially leading to financial loss and reputational damage. By contrast, virtual cards offer built-in, digital safeguards against fraud. 03 Optimizing cash flow and minimizing operational friction are critical to maintaining long-term B2B relationships. Virtual cards check all the boxes for companies looking to streamline operations while increasing customer and supplier satisfaction

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