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Versapay

Automates B2B accounts receivable processes

Overview

VersaPay automates accounts receivable for businesses with its ARC platform. The system streamlines invoicing, payments, and customer communications through a customizable online self-service portal. It differentiates itself with a highly configurable, customer-centric AR workflow designed for a wide range of B2B clients, funded by subscriptions and potentially transaction fees. The goal is to help businesses automate AR, improve cash flow, and boost customer satisfaction and retention with a secure, easy-to-use platform.

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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 SoftwareFintech

Company Size

201-500

Company Stage

IPO

Headquarters

Toronto, Canada

Founded

2006

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Simplify's take

What believers are saying

  • Versapay launched Intelligence on October 8, 2026, adding assistant, sentiment scoring, and summaries.
  • It reported 10,000 customers, 120 million transactions, and over $300 billion annual volume.
  • New leaders Glen Braganza, Emily Roccheggiani, and Elizabeth Bramlage strengthen growth execution in 2026.

What critics are saying

  • Rivals like BILL, HighRadius, and Basware attack the same CFO workflow before 2027.
  • Collections automation exposes Versapay to security and data-integrity failures inside payment and ERP rails.
  • If embedded ERP vendors copy AI receivables features, Versapay becomes a feature, not a platform.

What makes Versapay unique

  • Versapay unifies invoicing, collections, cash application, and payments under one workflow.
  • Its October 8, 2026 AI layer spans ERP-connected receivables, not isolated point tools.
  • Deep NetSuite, Sage Intacct, and Dynamics integrations reduce switching costs for 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

6 month growth

2%

1 year growth

0%

2 year growth

0%
Great Hill Partners
Oct 28th, 2026
Great Hill Partners and VersaPay Corporation Announce Closing of Acquisition | News | Great Hill Partners

Boston, MA and Toronto, ON – February 21, 2020 – Great Hill Partners ("Great Hill"), a leading growth-oriented private equity firm, and VersaPay Corporation (TSXV: VPY) ("VersaPay" or the "Company"), a market leading provider of a SaaS accounts receivable, invoicing and integrated payments technology platform serving B2B customers, today announced the successful completion of the previously announced acquisition of VersaPay by an affiliate of Great Hill, pursuant to a statutory plan of arrangement under the Canada Business Corporations Act (the “Arrangement”). Under the Arrangement, each VersaPay shareholder will receive cash consideration of C$2.70 for each common share held, valuing VersaPay’s total equity at approximately C$126 million on a fully diluted basis.

PR Newswire
Oct 8th, 2026
Versapay expands AI across invoice-to-cash workflow with unified intelligence layer

Versapay has announced Versapay Intelligence, an expanded AI layer running across its accounts receivable automation platform. The company has used AI in cash application for years and is now extending it to collections, payments, and ERP connectivity. The AI framework operates in four stages: augment, assist, action, and autonomous, giving customers control over AI's role. Live capabilities include an assistant for invoice prioritisation, real-time sentiment scoring, and AI-generated customer summaries. AI-augmented cash application is in beta. Versapay has expanded its collections module with automatic risk segmentation, configurable workflows, and auto-prioritised task lists. The platform now offers deeper integrations with NetSuite, Sage Intacct, and Microsoft Dynamics. Versapay serves 10,000 customers, facilitates 120 million transactions annually, and processes over $300 billion in payment volume.

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

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