About Versify Apps
Versify Apps is a Financial Services company based in Chennai (India) founded in 2017. Cloud-based accounting management solutions for financial institutions and small businesses. It operates in the Financial Services and Technology sectors. Its Indian entity Versify Tech Solutions Private Limited reported revenue of ₹1.19 Cr. Its focus areas include FinTech, Banking Tech, Banking Software Suite and Finance & Accounting Tech. Its competitors include Clear and Comviva; 2 of its 2 listed competitors have raised funding.
Company details
Versify was founded in 2017 in Chennai, India, within the fintech sector. Cloud-based accounting management solutions are delivered to financial institutions and small businesses. Services include vendor payments, customer collections, bank reconciliation, POS management, and an onboarding process with API-based e-KYC validation. Treasury management, data visualization, and financial oversight tools are also offered to support operations.
- Headquarters Chennai, India
- SectorsFinancial ServicesTechnology
- Email••••••••
- Phone•••• ••••
- Website versifyapps.com
- Social LinkedIn YouTube
- Legal Name Versify Tech Solutions Private Limited
- Date of Incorporation 14 Jun, 2017
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹1.19 Cr
FY 2024 · -28% YoY
- Net Loss-₹18.9 Lakh
FY 2024 · -16% margin
- EBITDA-₹12.1 Lakh
FY 2024 · -10% margin
Associated legal entities of Versify Apps
Versify Apps operates through Versify Tech Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Versify Tech Solutions Private Limited CIN U72200TN2017PTC117088 | Active | 14 Jun 2017 | Chennai, Tamil Nadu | ₹1.2 Cr | 3 | View details |
Apps and channels of Versify Apps
its YouTube channel accountable by Versify has 106 subscribers and 22 videos.
Videos from Versify Apps
The most watched videos on Versify Apps's YouTube channel, accountable by Versify (106 subscribers). Click a video to play it here.
More on accountable by Versify.
Board of directors of Versify Tech Solutions Private Limited (Versify Apps)
Versify Tech Solutions Private Limited is the primary company behind Versify Apps. The board of Versify Tech Solutions Private Limited currently have 3 directors; the longest-serving is Charles Raj, appointed in 2017. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Charles Raj DIN 07804559 | Director | 14 Jun 2017 | 9 yrs 4 mo | Versify Tech Solutions Private Limited |
| Jagannathan Srinivasan DIN 02056106 | Director | 19 Nov 2018 | 7 yrs 11 mo | Versify Tech Solutions Private Limited |
| Gautam Tarafdar DIN 07094650 | Director | 19 Nov 2018 | 7 yrs 11 mo | Versify Tech Solutions Private Limited |
Financials of Versify Apps
Figures of Versify Tech Solutions Private Limited, the primary company behind Versify Apps, for FY 2024. Revenue was ₹1.19 Cr (-28% year on year). Net loss was -₹18.9 Lakh (-16% margin). EBITDA was -₹12.1 Lakh (-10% margin). Revenue has grown at a compounded annual rate of +36% over three years and +122% over five years.
- ₹1.19 CrRevenue · FY 2024 · -28% YoY
- -₹18.9 LakhNet loss · -16% margin
- -₹12.1 LakhEBITDA · -10% margin
- ₹15 LakhPaid-up capital
- +36%Revenue CAGR, 3 years
- +122%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Versify Tech Solutions Private Limited are on its company page.
Detailed financial statements for Versify Apps
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Competitors of Versify Apps
Versify Apps has 2 listed competitors in our database, 2 of them funded. They include Clear and Comviva.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| clear.in | 2011 | Bengaluru, India | $140.42M | Technology-enabled accounting and finance solutions are offered for SMBs. | ||
| comviva.com | 1999 | Gurugram, India | $13.5M | 2,283 | Software platforms for telecommunications, digital payments, and experiences are provided. |
Detailed competitors of Versify Apps
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Versify Apps
The website of Versify Apps (versifyapps.com) receives about 2.2K visits a month.
- Monthly visits2.2K
▼ 3.2% vs previous month
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Frequently Asked Questions about Versify Apps
Versify Apps was founded in 2017.
Versify Apps is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
The primary company behind Versify Apps, Versify Tech Solutions Private Limited, reported revenue of ₹1.19 Cr for FY 2024, down 28% year on year.
Versify was founded in 2017 in Chennai, India, within the fintech sector. Cloud-based accounting management solutions are delivered to financial institutions and small businesses. Services include vendor payments, customer collections, bank reconciliation, POS management, and an onboarding process with API-based e-KYC validation. Treasury management, data visualization, and financial oversight tools are also offered to support operations.
Versify Apps operates through Versify Tech Solutions Private Limited.
The legal entities of Versify Apps currently have 3 directors, including Jagannathan Srinivasan, Charles Raj, Gautam Tarafdar.