About Versapay
Versapay is a company based in Miami (United States) founded in 2006 was acquired by Great Hill Partners in December 2019.. Versapay has completed 2 acquisitions, including DadeSystems and Solupay. Versapay offers products and services including Collaborative AR, Cash Application, and ERP Payments. Versapay operates in a competitive market with competitors including Esker, Plooto, Notch, Gamut Infosystems Limited and Decision Engines, among others.
- Headquarter Miami, United States
- Stage Public
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Sectors
TechnologyFinancial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Solupay Consulting, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$9.2 M (USD), Post-IPO
Oct 18, 2018
- Investors
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Employee Count
Employee Count
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Investments & Acquisitions
DadeSystems
& 1 more
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Acquired by
Great Hill Partners
(Dec 13, 2019)
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Products & Services of Versapay
Versapay offers a comprehensive portfolio of products and services, including Collaborative AR, Cash Application, 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 accounts receivable tasks with customer collaboration tools.
Matches payments to invoices using AI for efficient processing.
Enables payments acceptance within ERP systems for businesses.
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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 Versapay
- Total Funding Total Funding
- Total Rounds 4
- Last Round Post-IPO — $9.2M
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First Round
First Round
(01 Feb 2014)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2018 | Amount | Post-IPO - Versapay | Valuation |
investors |
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| Oct, 2017 | Amount | Post-IPO - Versapay | Valuation |
investors |
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| May, 2015 | Amount | Post-IPO - Versapay | Valuation |
investors |
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| 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 Versapay
Versapay has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Great Hill Partners. 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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Business acquisitions are targeted by the private equity firm.
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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 Versapay
Versapay has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include DadeSystems and Solupay. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Accounts receivable payments are automated via DadePay solutions.
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2011 | ||||
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Payment processing services are provided to businesses by Solupay.
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2004 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Versapay
| 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 |
Versapay Comparisons
Competitors of Versapay
Versapay 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 Esker, Plooto, Notch, Gamut Infosystems Limited and Decision Engines, 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 |
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| domain | founded_year | HQ Location |
AI and cloud-enabled source-to-pay automation solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Cloud-based B2B payments are enabled for accounts payable and receivable.
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| domain | founded_year | HQ Location |
Accounts receivable automation software is provided by Notch.
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| domain | founded_year | HQ Location |
Accounting and ERP management solutions are provided for businesses.
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| domain | founded_year | HQ Location |
An AI-based platform for end-to-end process automation is provided.
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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 Versapay
Frequently Asked Questions about Versapay
When was Versapay founded?
Versapay was founded in 2006 and raised its 1st funding round 8 years after it was founded.
Where is Versapay located?
Versapay is headquartered in Miami, United States. It is registered at Miami, Florida, United States.
Who is the current CEO of Versapay?
Carey OConnor Kolaja is the current CEO of Versapay.
What does Versapay do?
Versapay was founded in 2006 and is headquartered in Miami, United States. Operations focus on the fintech sector, where cloud-based platforms for B2B accounts receivable are provided. Services include electronic invoicing, payment options such as money transfers, pin pads, online and mobile payments, virtual terminals, electronic cash registers, ERP integrations, and cash applications. These tools support businesses in managing receivables efficiently.
Who are the top competitors of Versapay?
What products or services does Versapay offer?
Versapay offers Collaborative AR, Cash Application, and ERP Payments.
How many acquisitions has Versapay made?
Versapay has made 2 acquisitions, including DadeSystems, and Solupay.
Who are Versapay's investors?
Versapay has 1 investor. Key investors include Great Hill Partners.
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