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About Versapay
Industries
Enterprise Software
Fintech
Company Size
201-500
Company Stage
IPO
Headquarters
Toronto, Canada
Founded
2006
Overview
VersaPay automates accounts receivable processes for businesses, focusing on the B2B market. Its main product, the ARC platform, simplifies invoicing and payment by providing an online self-service portal where customers can view invoices, make payments, and communicate with businesses. This portal is customizable, allowing clients to tailor the experience to their needs, which enhances customer satisfaction and retention. VersaPay operates on a subscription-based model, charging clients a recurring fee for access to the ARC platform, along with potential transaction fees for processed payments. This focus on customer-friendly AR solutions sets VersaPay apart from competitors in the financial technology sector, which is growing due to the demand for digital business solutions. The company's goal is to improve the efficiency of accounts receivable processes while providing a positive experience for both businesses and their customers.
Simplify's Take
What believers are saying
- Versapay's network grew 5X to 5 million businesses in 18 months.
- The mid-market segment's demand for digital solutions boosts Versapay's growth potential.
- Versapay's focus on secure transactions aligns with the trend towards virtual cards.
What critics are saying
- Rapid network growth may strain Versapay's infrastructure and customer support.
- Competition from market leaders like Bill.com could impact Versapay's market share.
- New executive appointments may lead to strategic shifts disrupting existing operations.
What makes Versapay unique
- Versapay offers a cloud-based invoice-to-cash solution for superior customer experience.
- The ARC platform provides a customizable self-service portal for efficient invoicing and payments.
- Versapay integrates with various ERPs for automatic payment reconciliation and real-time insights.
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Funding
Total Funding
$29.3M
Above
Industry Average
Funded Over
1 Rounds
Benefits
Remote Work Options
Flexible Work Hours
Company News
Versapay, a leading Accounts Receivable (AR) Platform, has appointed 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
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
At the early stages: Shopify and Bench alums raised $11 million CAD in seed funding for Teal; Flinks and Versapay alums raised a $10.5-million Series A for Zūm Rails; Chexy, which aims to disrupt the rent payment space, raised $4.1 million CAD in seed financing.
Market Leaders - Bill.com, BillingPlatform, Billtrust, BlackLine, Esker, HighRadius, Sage Intacct, Stripe, and Versapay were given the highest "Market Leader" award.
Versapay is Hiring for 15 Jobs on Simplify!
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About Versapay
Industries
Enterprise Software
Fintech
Company Size
201-500
Company Stage
IPO
Headquarters
Toronto, Canada
Founded
2006
Versapay is Hiring for 15 Jobs on Simplify!
Find jobs on Simplify and start your career today
People Also Viewed
Discover companies similar to Versapay