Versana
Versana is an industry-backed fintech that operates a real-time, API-first digital data platform centralizing syndicated loan facility data directly from administrative agents' books and records, serving top-tier global banks, lenders, administrators and trustees across the broadly syndicated loan and private credit markets.
- Company typePrivate
- Founded2021
- HeadquartersNew York, United States
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
Versana firmographics
Firmographics- Name
- Versana
- Legal name
- Syndicated Loan Consortium LLC D/B/A Versana
- Website
- https://versana.io
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Versana is an industry-backed fintech that operates a real-time, API-first digital data platform centralizing syndicated loan facility data directly from administrative agents' books and records, serving top-tier global banks, lenders, administrators and trustees across the broadly syndicated loan and private credit markets.
- Ownership category
- akta.pro rank
Versana industry classification
Industry- Product category
- Loan Market Data Infrastructure
- NAICS
- Credit Intermediation and Related Activities (522), Mortgage and Nonmortgage Loan Brokers (52231)
- SIC
- Loan Brokers (6163)
- akta.pro primary industry
- Credit Marketplaces, Aggregators & Loan Routing (FSADAFAJ)
- akta.pro secondary industry
- Loan Servicing Platforms (Billing, Statements, Customer Self-Service) (FSAGAHAH)
Keywords
Where Versana is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Versana business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales
Revenue model
- Platform Subscription: Recurring subscription fees from financial institutions (agent banks, lenders, administrators, trustees, buy-side firms) for access to the centralized digital data platform and its modules (Core Platform, Reconciliation Module, Cashless Roll, Letters of Credit). Subscriber model based on data access and usage.
- Equity Capital Raises: Multiple equity funding rounds from financial and strategic investors including $40M in 2023, $26M in 2024, and $43M in 2026, bringing total raised capital to over $125M. Founding banks and new investors provide capital in exchange for equity stakes.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | — | Quote-based enterprise subscription; not publicly disclosed |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels7 records
Versana product offering
Product offeringCore offering
Versana operates a centralized, real-time, multi-tenant digital data platform that electronically captures syndicated loan facility data directly from administrative agent banks' books and records via APIs. The platform normalizes 250+ data fields and serves as a shared infrastructure layer for agents, lenders, administrators, trustees and buy-side participants in the $9 trillion broadly syndicated loan and private credit markets, enabling straight-through processing and replacing legacy fax/email workflows.
Differentiator
Problem solved
Functional benefit
Brands
- Versana Reconciliation Module (VRM): An add-on module to the centralized digital data platform that electronically matches lenders' positions to agents' golden-source data at any point in time to optimize workflows and reduce data inconsistencies and costs.
- Versana Digital Data Platform
Products and services
- Versana Digital Data Platform
- Versana Reconciliation Module (VRM)
Quantifiable outcome
- Platform covers over $4.1 trillion in notional loan value
- +6 more outcomes
Companies that use Versana
Customer profileNamed customers15 records
Segments3 records
Ideal customer profiles2 records
Versana technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Versana partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core and flagship.
- Mizuho Americas (Mizuho Financial Group)coreJoined Versana as 14th top-tier financial institution subscriber in September 2025. Part of Mizuho Financial Group (NYSE: MFG) with ~$2 trillion in total assets. Mizuho is adopting the Versana Reconciliation Module into its workflows to achieve straight-through processing, reduce costs, and improve risk-weighted balance sheet management.
- Bain Capital CreditcoreJoined Versana as 13th top-tier financial institution and first buy-side subscriber in January 2025. Bain Capital Credit (a leading global credit specialist with $48.3B AUM) is an early adopter of the Versana Reconciliation Module (VRM). Kevin Gallagher, Head of Operations for Bain Capital Credit, leads the relationship.
- BarclaysflagshipJoined Versana as investor, subscriber, and 10th bank to provide agented corporate loan data in September 2024. Participated in $26M capital raise. First British bank on the platform. Plans to lead Versana's expansion into U.K. and European markets. Tim Hartzell, Global Head of Portfolio Management at Barclays, leads the relationship.
- U.S. BancorpflagshipJoined Versana as investor in March 2023's $40M round. First trustee on the platform, given the critical function U.S. Bank provides within the loan lifecycle, especially for CLOs which comprise 70% of the institutional loan market. John Stern, President, U.S. Bank Global Corporate Trust and Custody, leads the relationship.
- J.P. MorganflagshipFounding investor that created Versana along with Bank of America, Citi, and Credit Suisse. Founding banks committed capital, contributed data, and became subscribers. J.P. Morgan was the first to achieve straight-through processing on the platform and the first administrative agent to implement Versana's cashless roll capability. Joseph Ferraiolo, Head of Debt Capital Markets Operations & Merchant Bank Policy, leads the relationship.
- Bank of AmericaflagshipFounding investor that created Versana along with J.P. Morgan, Citi, and Credit Suisse. Bank of America is a subscriber, agent bank, and contributor of agented loan data. Alex Naboicheck, Head of U.S. Leveraged Loan Trading, leads the relationship.
- CitiflagshipFounding investor of Versana. Citi's agented syndicated loans launched on the platform in October 2023. Citi is a major data contributor, subscriber, and investor. Michael Hershkowitz, COO of Wholesale Lending for Citi's institutional businesses, and Karelis Barrios, Head of Loan Operations, lead the relationship.
- Credit SuisseflagshipFounding investor of Versana. Jeff Cohen, Global Head of Leveraged Finance at Credit Suisse, was the lead for the founding relationship. Contributed data and capital at launch.
- Loan Syndications and Trading Association (LSTA)coreIndustry trade association that has publicly endorsed Versana's modernization efforts. Sean Griffin, CEO & Executive Director of the LSTA: 'The LSTA commends Versana's industry-wide efforts to modernize the asset class by championing technological innovation to make the industry more efficient.' LSTA members participate on Versana's Buy-Side Advisory Committee.
- Loan Market Association (LMA)coreInternational industry trade body that endorsed Versana's innovation. Scott McMunn, CEO of the LMA: 'Versana's efforts to harness — and crucially, drive adoption of — technological innovation represent an important contribution to this collective endeavor and to the continued evolution of the market.'
Scale indicators10 records
Recent moves8 records
Expansion highlights5 records
Versana competitors and assessment
Company assessmentDirect peers
- Octaura: Direct competitor in the syndicated loan trading and data space, jointly developed by leading agent banks. Both platforms aim to digitize and modernize the syndicated loan market, competing for agent bank data contributions and lender subscriptions.
Broad incumbents
- Tradeweb Markets: Leading electronic trading platform across fixed income asset classes including loans. While Tradeweb is much broader in scope, its institutional client base and electronic trading infrastructure position it as a potential competitor or partner for syndicated loan digitization.
- MarketAxess: Electronic trading platform for credit products, including institutional loan trading. Like Tradeweb, it competes in adjacent fixed income electronic trading and could expand into syndicated loan data services.
- Broadridge Financial Solutions: Major financial data and technology infrastructure provider. Versana's CTO David Kamp co-founded LTX (electronic corporate bond trading) which was incubated by Broadridge, making Broadridge a direct comp for fixed income trading/data infrastructure.
- S&P Global Market Intelligence (IHS Markit): Provides loan data, analytics, and benchmark indices (formerly LCD/PitchBook). Their broad data and analytics platform in fixed income and credit markets competes with Versana's loan data offerings, though they cover a wider range of asset classes.
- Bloomberg (BVAL): Versana's CEO Cynthia Sachs previously led Bloomberg's BVAL fixed income pricing business. Bloomberg's pricing and reference data services for loans are a competing data source in the syndicated loan ecosystem.
Others
- LSTA (Loan Syndications and Trading Association): Industry trade association that has endorsed Versana. While not a direct competitor, LSTA operates market infrastructure and standards initiatives that overlap with Versana's mission, and the relationship signals both partnership and potential overlap in market advocacy.
Emerging players
- Xtract Research: Specialized provider of loan covenant and credit agreement data. While smaller in scale, Xtract Research offers a data overlay on the syndicated loan market that could be integrated or compete with Versana's normalized data platform.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat7 records
Key risks5 records
Key highlights6 records
Customer concentration
Versana social profiles
Digital presenceVersana financial estimates
Financial estimateRevenue estimate
Valuation estimate
Versana leadership team
Management profileNumber of profiles
Profiles13 records
Versana funding detail
Funding detailFunding overview
Funding rounds3 records
Investors13 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Versana M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Versana
What does Versana do?
Versana operates a centralized, real-time, multi-tenant digital data platform that electronically captures syndicated loan facility data directly from administrative agent banks' books and records via APIs. The platform normalizes 250+ data fields and serves as a shared infrastructure layer for agents, lenders, administrators, trustees and buy-side participants in the $9 trillion broadly syndicated loan and private credit markets, enabling straight-through processing and replacing legacy fax/email workflows.
Is Versana a public or private company?
Versana is a private company. It is classified as venture growth investor backed and is currently operating.
When was Versana founded?
Versana was founded in 2021. It employs 101 to 250 people.
Where is Versana based?
Versana is headquartered in New York, United States, in the North America region.
How does Versana make money?
Two revenue lines are on record. Platform Subscription is the primary driver. The others are equity Capital Raises.
Who are Versana's main competitors?
Octaura is listed as a direct peer. Broad incumbents are Tradeweb Markets, MarketAxess, Broadridge Financial Solutions, S&P Global Market Intelligence (IHS Markit) and Bloomberg (BVAL). LSTA (Loan Syndications and Trading Association) is listed as an others. Xtract Research is listed as an emerging player.
Does Versana have an API?
Yes. Versana operates an API-first digital data platform that electronically captures and centralizes syndicated loan data from agent banks' books and records in real time, providing transparency, efficiency, and standardization across the syndicated loan and private credit markets.
What industry is Versana in?
Versana's product category is Loan Market Data Infrastructure. Its primary akta.pro industry code is FSADAFAJ, Credit Marketplaces, Aggregators & Loan Routing, with a secondary code of FSAGAHAH, Loan Servicing Platforms (Billing, Statements, Customer Self-Service). Its NAICS code is 522 and its SIC code is 6163.