About DadeSystems
DadeSystems is a Technology company based in Miami (United States) founded in 2011, and was acquired by Versapay in April 2022. Accounts receivable payments are automated via DadePay solutions. It operates in the Technology and Financial Services sectors. DadeSystems has raised $11 million across 4 funding rounds from investors including Fifth Third Bancorp, Wells Fargo and Versapay. The company has 31 employees. Its website dadesystems.com draws about 20 thousand monthly visits. DadeSystems offers products and services including Cash Application, Collections, and ERP Payments. Its focus areas include FinTech, Finance & Accounting Tech, Accounting Solutions and Quote to Cash. Its legal entity is DADESYSTEMS, INC. Its competitors include Billtrust, Paymentus and PayStand; 3 of its 3 listed competitors have raised funding.
Company details
DadeSystems was founded in 2011 in Miami, United States, focusing on accounts receivable automation in the financial technology sector. Services are extended to banks, credit unions, manufacturers, property management firms, insurers, and distributors. The DadePay suite encompasses AR Automation for payment matching and exception handling, mobile and electronic payment options, mailroom processing for loan deposits, remote check capture, virtual lockbox services, and transaction monitoring to identify anomalies and potential fraud.
- Headquarters Miami, United States
- Employees 31
- Stage Acquired
- SectorsTechnologyFinancial Services
- Website category Finance · Financial Planning and Management
- Email••••••••
- Phone•••• ••••
- Website dadesystems.com
- Social LinkedIn X Facebook
- Acquired by Versapay (Apr 2022)
- Legal Name Dadesystems, Inc.
- Total Equity Funding$11M (USD)
in 4 rounds
- InvestorsFifth Third Bancorp
& 4 more
- Employee Count31
- Acquired byVersapay
(Apr 2022)
Products & Services of DadeSystems
DadeSystems offers a comprehensive portfolio of products and services, including Cash Application, Collections, and ERP Payments.
Automates matching payments to invoices using AI.
Reduces overdue invoices and prioritizes high-risk accounts.
Enables payments from various channels within ERP systems.
Funding Insights of DadeSystems
DadeSystems has successfully raised a total of $11M across 4 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $11M
- Total Rounds 4
- First Round $2M
(Apr 2017)
- Investors Count 4
All 4 funding rounds of DadeSystems with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2020 | Series D | – | Wells Fargo | – | |
| Nov 2019 | $9M | Series D | – | Napier Park Global Capital | |
| May 2018 | Series A | – | – | ||
| Apr 2017 | $2M | Series A | – | – |
5 investors in total: 5 institutional.
Investors in DadeSystems
DadeSystems has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Fifth Third Bancorp, Wells Fargo and Versapay.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
PE firm investing in the US | 2013 | napierparkglobal.com | New York, United States | |
| oceanazulpartners.com | ||||
Diverse financial services and online banking are provided to clients. | 1852 | wellsfargo.com | San Francisco, United States | |
Commercial bank | 1858 | 53.com | Cincinnati, United States | |
Cloud-based B2B accounts receivable solutions are offered. | 2006 | versapay.com | Miami, United States |
Investor details for DadeSystems
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- Round participation
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People of DadeSystems
88 people are tracked at DadeSystems (34 in leadership, 54 in team); the tracked headcount is 31.
| Name | Role | Group |
|---|---|---|
Rimple Sumer | Senior People Partner (canada And Usa) | Leadership |
Kelly Patenaude | Director Implementation Services | Leadership |
Rosemarie McKnight | Talent Partner | Leadership |
Philip Pettinato | Chief Technology Officer | Leadership |
Carey O'connor Kolaja | Chief Executive Officer, Board Member | Leadership |
Orit Kendal | Chief People Officer | Leadership |
Mike Swope | Director Product Management | Leadership |
Jodi Bergman | Director Of Product Management | Leadership |
Eric E. | Vice President, People Operations | Leadership |
Ed Neumann | Chief Financial Officer | Leadership |
Christy Johnson | Chief Product Officer | Leadership |
Ryan Sanders | Sr. Director, Site Reliability Engineering | Leadership |
Jonathan Cooper | Vice President Of Engineering | Leadership |
Kyle Waltz | VP Of Engineering, Payments & Integrations | Leadership |
Heath Spangler | VP Engineering | Leadership |
Ketan N. | Senior Director, Software Architecture | Leadership |
Anthony Appel | Director Information Security | Leadership |
Subbu Yeleswarapu | Vice President, Product Delivery & Product Ops | Leadership |
Adam Leidhecker | Director, Demand Generation | Leadership |
Sam Anderson | Director, Financial Planning And Analysis | Leadership |
68 more people are available in the full profile.
Complete people profiles for DadeSystems
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of DadeSystems
4 dated milestones of DadeSystems across 11 years, from founding to its latest funding, stage changes and deals.
- Founded DadeSystems is founded.
- Funding First funding round of $2.0M.
- Funding Latest funding round, Series D,.
- Exit Acquired by Versapay.
Competitors of DadeSystems
DadeSystems has 3 listed competitors in our database, 3 of them funded. They include Billtrust, Paymentus and PayStand.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| billtrust.com | 2001 | Hamilton Township, United States | $105M | Invoice and payment management solutions are offered for small businesses. | ||
| paymentus.com | 2004 | Atlanta, United States | $23.6M | 1,273 | Comprehensive billing and payment solution provider | |
| paystand.com | 2013 | San Francisco, United States | $77M | 46 | Payment processing for bitcoin, e-checks, and credit cards is facilitated. |
Detailed competitors of DadeSystems
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- Full competitor set
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Web traffic of DadeSystems
The website of DadeSystems (dadesystems.com) receives about 20K visits a month and ranks #944,778 among all websites worldwide, #9,816 in Financial Planning and Management.
- Monthly visits20K
▼ 17.1% vs previous month
- Unique visitors4.2K
per month
- Global rank#944,778
among all websites
- Category rank#9,816
Finance · Financial Planning and Management
- Bounce rate50%
- Pages per visit4.6
- Average visit8 min 21 sec
- DevicesDesktop 94% · Mobile 6%
Websites whose visitors overlap most with DadeSystems. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
remotedepositcapture.com | remotedepositcapture.com | 100% | – | ||
| google.com | 41% | 85.8B | #1 | View details |
Top companies in Finance & Accounting Applications
3 companies that operate in the same segment as DadeSystems (Finance & Accounting Applications) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Corporate travel and expense management are facilitated through SaaS platform. | 2015 | Palo Alto, California, United States | USD 1.58 B | USD 3.52 M | 847 | |
Financial and accounting software is developed for businesses and individuals. | 1983 | Mountain View, California, United States | USD 49.62 M | USD 21.45 B | 18,200 |
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Related news about Dadesystems
Complete news archive for DadeSystems
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Frequently Asked Questions about DadeSystems
DadeSystems was founded in 2011 and raised its 1st funding round 6 years after it was founded.
DadeSystems is headquartered in Miami, United States. It is registered at Miami, Florida, United States.
DadeSystems is a funded company, having raised a total of $11M across 4 funding rounds to date. The company's 1st funding round was a Series A of $2M, raised on Apr 2017.
DadeSystems has 31 employees.
DadeSystems was founded in 2011 in Miami, United States, focusing on accounts receivable automation in the financial technology sector. Services are extended to banks, credit unions, manufacturers, property management firms, insurers, and distributors. The DadePay suite encompasses AR Automation for payment matching and exception handling, mobile and electronic payment options, mailroom processing for loan deposits, remote check capture, virtual lockbox services, and transaction monitoring to identify anomalies and potential fraud.
DadeSystems offers Cash Application, Collections, and ERP Payments.
DadeSystems has 5 investors. Key investors include Fifth Third Bancorp, Wells Fargo, Versapay, Napier Park Global Capital, and Ocean Azul Partners.
DadeSystems operates through Dadesystems, Inc..
Yes. DadeSystems was acquired by Versapay in April 2022.