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

  • January 26, 2026, Emily Roccheggiani became CSO to accelerate commercial growth.
  • August 2026 product updates added Virtual Card Connect and NetSuite ERP Payments.
  • Versapay's 2026 report says 82% of finance leaders will increase AR automation spend.

What critics are saying

  • Revelio Labs shows headcount fell from 450 in 2023 to 400 by March 2026.
  • North America focus limits expansion while Adyen, Billtrust, and ERP vendors attack the same buyers.
  • If Oracle NetSuite or Microsoft Dynamics bundles AR automation, Versapay becomes a commoditized payments layer.

What makes Versapay unique

  • Versapay processes $300 billion across 110 million transactions, giving it network-scale payment data.
  • Its ARC portal lets buyers self-serve invoices, disputes, and payments inside ERPs.
  • AI cash application and real-time ERP posting differentiate it from manual AR software.

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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

0%

1 year growth

0%

2 year growth

0%
PR Newswire
Aug 20th, 2026
Versapay appoints Glen Braganza as CFO to drive next stage of revenue growth

Versapay, an accounts receivable platform, has appointed Glen Braganza as chief financial officer. The appointment follows strong performance in the first half of 2026, with continued momentum expected through year-end. Braganza brings over 20 years of financial leadership experience across payments and software businesses. He previously served as group chief financial officer at EasyPark Group (now Arrive) and held CFO roles at Sequoia Capital-backed Clickatell and Index Ventures-backed BitPay. He also spent 10 years on Worldpay's senior leadership team, most recently as CFO of its US business. At Worldpay, he headed corporate finance during seven acquisitions and played a key role in the company's 2015 IPO. Versapay's platform processes over $300 billion in payments volume annually across 110 million transactions, serving 10,000 customers.

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

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