Versapay
Versapay is a B2B fintech providing a cloud-based Collaborative Accounts Receivable automation platform that serves enterprise and mid-market finance teams across Manufacturing, Wholesale Distribution, and Professional Services, processing over $257 billion in payments annually.
- Company typePrivate
- Founded2006
- HeadquartersMiami, United States
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What Versapay does
Versapay is a B2B fintech company that operates a cloud-based Collaborative Accounts Receivable (AR) automation platform designed to streamline the entire invoice-to-cash process for enterprise and mid-market finance teams. The company was founded in 2006 and operates as a remote-first organization with employees across Canada, the United States, and Israel, with legal headquarters in San Francisco (Solupay Consulting, LLC d/b/a Versapay at 548 Market Street #43812) and a legal notice address in Miami. The platform is organized around six integrated modules: Digital Invoicing and Customer Portal, Cash Application, Collections Management, Reporting and Reconciliation, B2B Payment Services, and ERP Integrations. The company serves customers across Manufacturing, Wholesale Distribution, and Professional Services verticals, with named customers including Laticrete, TireHub, Sharp, Carter Lumber, Wurth, and CSK (Cole Scott Kissane).
Versapay firmographics
Firmographics- Name
- Versapay
- Legal name
- Solupay Consulting, LLC d/b/a Versapay
- Website
- https://versapay.com
- Company type
- Private
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Versapay is a B2B fintech providing a cloud-based Collaborative Accounts Receivable automation platform that serves enterprise and mid-market finance teams across Manufacturing, Wholesale Distribution, and Professional Services, processing over $257 billion in payments annually.
- Ownership category
- akta.pro rank
Versapay industry classification
Industry- Product category
- Accounts Receivable Automation Software
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- Bill Pay, Invoicing & Payables Platforms (BPAMAFAF)
- akta.pro secondary industries
- Integrated Payment Processors (PSP/Acquirer) (FSAMABAA), Payables & Disbursements (ACH/SEPA, wires, checks, virtual cards) (FSABAIAB), Biller Direct EBPP Platforms (FSAMAJAA)
Keywords
Where Versapay is headquartered
LocationHeadquarters
- HQ city
- Miami
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Versapay business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Infrastructure, Operations
Revenue model
- AR Automation Platform Subscription: Subscription-based SaaS model for accounts receivable automation covering digital invoicing, cash application, collections management, and B2B payment services. Revenue generated through software licensing and transaction processing fees.
- Transaction Processing: Fees collected on B2B payment transactions processed through the platform, including ACH, credit card, and wire payments.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise and mid-market focused pricing |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels7 records
Versapay product offering
Product offeringCore offering
Versapay provides a cloud-based Collaborative Accounts Receivable automation platform that simplifies the entire invoice-to-cash process. The unified platform combines digital invoicing with a self-serve customer portal, AI-powered cash application that automatically matches payments to invoices, automated collections management with delinquency prediction, real-time AR reporting and reconciliation dashboards, and flexible B2B payment acceptance (ACH, credit cards, wire, virtual cards) backed by native integrations with major ERP systems.
Product overview
Versapay is a unified Collaborative Accounts Receivable automation platform that automates the entire invoice to cash process. The platform consists of six integrated modules: Digital Invoicing and Customer Portal (for electronic invoice presentment and self-serve payments), Cash Application (AI-powered payment matching, formerly DadePay), Collections Management (AI-driven collections and dunning automation), Reporting and Reconciliation (real-time DSO and AR analytics), and B2B Payment Services (flexible payment acceptance including ACH and credit cards). These modules are integrated with major ERP systems including Oracle NetSuite, Sage Intacct, and Microsoft Dynamics, and process over $257 billion in payments annually across more than 5 million companies.
Differentiator
Problem solved
Functional benefit
Products and services
- Collaborative Accounts Receivable (AR) Platform Versapay's unified Collaborative AR automation platform that automates and simplifies the entire invoice-to-cash process from invoicing to reconciliation, serving enterprise and mid-market finance teams. The platform serves thousands of finance teams and processes over $257 billion in payments annually across more than 5 million companies.
- B2B Payment Services Flexible B2B payment processing service for businesses accepting ACH, credit cards, and wire payments, with configurable payment acceptance rules, smart fraud monitoring, prepayment and early discount options, and embedded ERP payment options. Operates under Versapay's ISO registrations with Wells Fargo Bank, Fifth Third Bank, U.S. Bank, Esquire Bank NA, and Fiserv Canada Ltd.
Quantifiable outcome
- Laticrete boosted cash receipts by $6 million using accounts receivable automation
- +2 more outcomes
Companies that use Versapay
Customer profileNamed customers8 records
Segments6 records
Ideal customer profiles2 records
Versapay technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
AI capability5 records
Feature5 records
Versapay partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core and minor.
- DadeSystemscoreVersapay acquired US-based fintech firm DadeSystems to expand its AR automation solutions and AI capabilities. The deal involved integrating DadeSystems' cash application software and increasing automation of customer payments. Combined company automates over $60 billion in payment volume annually.
- Oracle NetSuitecoreNative integration with Oracle NetSuite ERP, allowing seamless data synchronization and workflow automation for NetSuite customers.
- Sage IntacctcoreNative integration with Sage Intacct, providing automated invoice delivery, payment matching, and reconciliation capabilities.
- Microsoft Dynamics 365coreNative integrations with Microsoft Dynamics 365 Business Central and Dynamics 365 Finance & Supply Chain Management.
- Wells Fargo BankminorVersapay is a registered Independent Sales Organization of Wells Fargo Bank, N.A., Concord, CA.
- Fifth Third BankminorVersapay is a registered Independent Sales Organization of Fifth Third Bank, N.A., 38 Fountain Square Plaza, Cincinnati, OH 45263.
- U.S. Bank National AssociationminorVersapay is a registered Agent of the Canadian branch of U.S. Bank National Association.
- Esquire Bank NAminorVersapay is a registered Agent of Esquire Bank NA, Jericho, NY.
- Fiserv Canada LtdminorVersapay operates as an Independent Sales Organization (ISO) of Fiserv Canada Ltd. Clover name and logo are registered trademarks owned by Clover Network, LLC, utilized by Fiserv Canada Ltd.
Scale indicators6 records
Recent moves5 records
Expansion highlights5 records
Versapay competitors and assessment
Company assessmentDirect peers
- TreviPay: TreviPay is a B2B trade-credit and embedded payments network. It is a direct peer in B2B payment services and trade-credit enablement, an area Versapay is expanding into under its new CSO-led embedded-finance push.
- HighRadius: HighRadius is an enterprise SaaS platform for accounts receivable, treasury, and B2B payments with AI-driven cash application and collections. It is a direct peer in Versapay's core AR-automation and AI-cash-application categories, particularly at the large-enterprise end of the market.
- Stampli: Stampli is an AP automation and invoice-collaboration platform with AI-driven coding and approval workflows. It is a direct peer in invoice collaboration and is increasingly expanding into the broader invoice-to-cash territory where Versapay operates.
- AvidXchange: AvidXchange provides AP automation and B2B payment networks for mid-market companies, with strong ERP integrations. It is a direct peer in the B2B invoice-to-pay automation category and overlaps with Versapay in ERP-anchored payment acceptance.
- Billtrust: Billtrust provides B2B order-to-cash, electronic invoicing, and integrated payment solutions. It is a direct peer because it competes head-to-head in digital invoicing, customer self-service portals, and B2B payment acceptance, the same modules Versapay bundles into its Collaborative AR platform.
- Bill.com: Bill.com is a B2B fintech automating bill pay, invoicing, AP/AR workflows, and payments for SMBs and mid-market finance teams. It is a direct peer because Versapay's invoicing, AR automation, and B2B payment modules compete for the same finance-buyer budget, with overlapping ERP integrations.
- Tipalti: Tipalti automates AP, global payments, and supplier onboarding for mid-market and enterprise finance teams. It is a direct peer in adjacent invoice-to-cash workflows and competes for the same ERP-integrated finance-buyer wallet, especially around payment processing.
Broad incumbents
- Sage Intacct: Sage Intacct is a cloud financial management platform serving mid-market and SMB finance teams. It is a broad incumbent in AR and invoicing, and Versapay's native integration co-exists with Intacct's own AR features, making it both a partner and an indirect competitor.
- Oracle NetSuite: Oracle NetSuite is a leading mid-market cloud ERP that natively includes AR, invoicing, and payment features. It is a broad incumbent partner and competitor: Versapay's native NetSuite integration is a key distribution channel, but NetSuite's own AR capabilities compete with Versapay's overlay.
- Microsoft Dynamics 365: Microsoft Dynamics 365 Finance & Supply Chain Management and Business Central are enterprise ERPs with built-in AR, invoicing, and payment features. They are broad incumbents: Versapay integrates natively with both, but Microsoft's own AI-driven AR capabilities represent a long-term competitive threat to a best-of-breed overlay.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Versapay social profiles
Digital presenceVersapay compliance and trust
Trust signalCompliance2 records
Versapay financial estimates
Financial estimateRevenue estimate
Valuation estimate
Versapay leadership team
Management profileNumber of profiles
Profiles9 records
Versapay subsidiaries and ownership
Company hierarchySubsidiaries3 records
Versapay funding detail
Funding detailFunding overview
Funding rounds6 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Versapay M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Versapay
What does Versapay do?
Versapay provides a cloud-based Collaborative Accounts Receivable automation platform that simplifies the entire invoice-to-cash process. The unified platform combines digital invoicing with a self-serve customer portal, AI-powered cash application that automatically matches payments to invoices, automated collections management with delinquency prediction, real-time AR reporting and reconciliation dashboards, and flexible B2B payment acceptance (ACH, credit cards, wire, virtual cards) backed by native integrations with major ERP systems.
Is Versapay a public or private company?
Versapay is a private company. It is classified as unknown and is currently operating.
When was Versapay founded?
Versapay was founded in 2006. It employs 1 to 10 people.
Where is Versapay based?
Versapay is headquartered in Miami, United States, in the North America region.
How does Versapay make money?
Two revenue lines are on record. AR Automation Platform Subscription is the primary driver. The others are transaction Processing.
Who are Versapay's main competitors?
Direct peers on record are TreviPay, HighRadius, Stampli, AvidXchange, Billtrust, Bill.com and Tipalti. Broad incumbents are Sage Intacct, Oracle NetSuite and Microsoft Dynamics 365.
Does Versapay have an API?
Yes. Versapay offers an API for ERP integrations and open API and flat file integrations with Oracle NetSuite, Sage Intacct, Microsoft Dynamics 365 Business Central, and Microsoft Dynamics 365 Finance & Supply Chain Management. The platform provides open APIs for connecting with any ERP system. Developer documentation is at developers.versapay.com.
What industry is Versapay in?
Versapay's product category is Accounts Receivable Automation Software. Its primary akta.pro industry code is BPAMAFAF, Bill Pay, Invoicing & Payables Platforms, with a secondary code of FSAMABAA, Integrated Payment Processors (PSP/Acquirer). Its NAICS code is 52232 and its SIC code is 7372.