About DadeSystems
DadeSystems is a company based in Miami (United States) founded in 2011 was acquired by Versapay in April 2022.. DadeSystems has raised $11 million across 4 funding rounds from investors including Fifth Third Bancorp, Wells Fargo and Versapay. The company has 31 employees as of December 31, 2020. DadeSystems offers products and services including Cash Application, Collections, and ERP Payments. DadeSystems operates in a competitive market with competitors including Billtrust, Paymentus, PayStand, PayLease and Invoice Cloud, among others.
- Headquarter Miami, United States
- Employees 31 as on 31 Dec, 2020
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Sectors
TechnologyFinancial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Dadesystems, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$11 M (USD)
in 4 rounds
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Latest Funding Round
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Investors
Fifth Third Bancorp
& 4 more
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Employee Count
31
as on Dec 31, 2020
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Acquired by
Versapay
(Apr 18, 2022)
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Products & Services of DadeSystems
DadeSystems offers a comprehensive portfolio of products and services, including Cash Application, Collections, and ERP Payments. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Automates matching payments to invoices using AI.
Reduces overdue invoices and prioritizes high-risk accounts.
Enables payments from various channels within ERP systems.
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Software Development Team
25 people
Product Management Team
18 people
Human Resources and Administration
7 people
Finance and Accounting
7 people
Senior Team
6 people
Leadership Team
4 people
Staff Team
3 people
Implementation Team
3 people
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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 Total Funding
- Total Rounds 4
- Last Round Last Round
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First Round
First Round
(18 Apr 2017)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2020 | Amount | Series D - DadeSystems | Valuation | Wells Fargo |
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| Nov, 2019 | Amount | Series D - DadeSystems | Valuation | Napier Park Global Capital | |
| May, 2018 | Amount | Series A - DadeSystems | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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PE firm investing in the US
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Diverse financial services and online banking are provided to clients.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by DadeSystems
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - DadeSystems
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Dadesystems Comparisons
Competitors of DadeSystems
DadeSystems operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Billtrust, Paymentus, PayStand, PayLease and Invoice Cloud, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Invoice and payment management solutions are offered for small businesses.
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| domain | founded_year | HQ Location |
Comprehensive billing and payment solution provider
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| domain | founded_year | HQ Location |
Payment processing for bitcoin, e-checks, and credit cards is facilitated.
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| domain | founded_year | HQ Location |
Payment solutions are offered to the property management sector.
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| domain | founded_year | HQ Location |
Cloud-based invoicing and payment solutions are offered to businesses.
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| domain | founded_year | HQ Location |
Online payment and invoicing solutions are offered to small businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Dadesystems
Frequently Asked Questions about DadeSystems
When was DadeSystems founded?
DadeSystems was founded in 2011 and raised its 1st funding round 6 years after it was founded.
Where is DadeSystems located?
DadeSystems is headquartered in Miami, United States. It is registered at Miami, Florida, United States.
Is DadeSystems a funded company?
DadeSystems is a funded company, having raised a total of $11M across 4 funding rounds to date.
How many employees does DadeSystems have?
As of Dec 31, 2020, the latest employee count at DadeSystems is 31.
What does DadeSystems do?
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.
Who are the top competitors of DadeSystems?
What products or services does DadeSystems offer?
DadeSystems offers Cash Application, Collections, and ERP Payments.
Who are DadeSystems's investors?
DadeSystems has 5 investors. Key investors include Fifth Third Bancorp, Wells Fargo, Versapay, Napier Park Global Capital, and Ocean Azul Partners.
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