Solupay

What Solupay does

Solupay Consulting, LLC, doing business as Versapay, is a privately held US payments and accounts receivable automation company founded in 2004 and headquartered at 548 Market Street #43812, San Francisco, California. The company operates a cloud-based platform that automates the full invoice-to-cash workflow, combining six integrated modules — Digital Invoicing and Customer Portal, AI/ML-powered Cash Application, Collections Management, Reporting and Reconciliation, B2B Payment Services, and ERP Integrations — to serve mid-market and enterprise finance teams in manufacturing, wholesale distribution, and professional services.

The platform's technical architecture centers on AI/ML-driven payment matching, a self-serve customer payment portal for invoice view, pay, and dispute resolution, and native bidirectional ERP integrations with Oracle NetSuite, Sage Intacct, and Microsoft Dynamics 365, supplemented by an open API and flat-file integrations. It is built on certified infrastructure with PCI DSS and SOC 2 Type 2 compliance, and the company is registered as an Independent Sales Organization of Wells Fargo Bank, Fifth Third Bank, U.S. Bank National Association, Esquire Bank NA, and Fiserv Canada Ltd., enabling it to underwrite ACH, credit card, and wire payment acceptance for B2B transactions. At scale, the platform processes approximately $257B in payments annually across 120M transactions for 10,000+ customer companies.

The business model combines quote-based annual subscription licensing for the platform modules with transaction-based fees on B2B payment processing through its ISO relationships. Go-to-market is hybrid: a consultative direct enterprise sales motion with 'Request a Demo' and 'Talk with an expert' CTAs targets enterprise buyers, a self-serve customer portal supports existing customer adoption and mid-market expansion, and partner channels are activated through ERP marketplace listings and bank sponsorship. Named customers include Laticrete, TireHub, Sharp, Carter Lumber, Wurth Canada, North Atlantic International Logistics, Gulf Coast Panama Jack, and Cole Scott Kissane, and international operations are run through a Canadian affiliate, Versapay ULC, with trademark coverage in the EU and UK.

Name

Solupay

Legal name

Solupay Consulting, LLC

Website

https://solupay.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

Accounts Receivable Automation Software

NAICS

Software Publishers (513210), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Credit Intermediation and Related Activities (522)

SIC

Services-Prepackaged Software (7372), Finance Services (6199)

akta.pro primary industry

Invoicing, Billing & Accounts Receivable Automation (FSAGAJAC)

akta.pro secondary industries

Accounts Receivable (Invoicing, Cash Application, Deductions) (BPAAAGAB), Recurring Billing & AutoPay Management (FSAMAJAE), Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE)

Keywords

• Accounts receivable automation
• Invoice-to-cash software
• B2B payment processing
• Cash application automation
• ERP-integrated payments

Headquarters

HQ city

Twinsburg

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Platform Subscription: Accounts receivable automation platform subscription with modules for digital invoicing, cash application, collections management, reporting, and B2B payments

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

Solupay, doing business as Versapay, sells a unified accounts receivable (AR) automation platform that automates the entire invoice-to-cash process for mid-market and enterprise B2B finance teams. The platform combines digital invoicing, AI-powered cash application, collections management, B2B payment processing, and native ERP integrations. It is delivered as a SaaS subscription and is offered alongside transaction-based payment services enabled through its ISO registrations with major U.S. and Canadian banks.

Product overview

Versapay is a unified accounts receivable automation platform that automates and simplifies the entire invoice to cash process. The platform consists of six integrated modules: Digital Invoicing and Customer Portal (electronic invoice presentment and self-serve payments), Cash Application (AI-powered payment matching), Collections Management (automated collections and risk prioritization), Reporting and Reconciliation (real-time AR metrics and dashboards), B2B Payment Services (flexible payment acceptance including ACH and credit cards), and ERP Integrations (native connections to major ERP systems). These modules work together to deliver end-to-end automation from invoicing through reconciliation.

Differentiator

Problem solved

Functional benefit

Products and services

• Digital Invoicing and Customer Portal

Quantifiable outcome

• Laticrete boosted cash receipts by $6 million using accounts receivable automation
• +2 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability4 records

Feature5 records

Partnerships

Nine partnerships are on record, tiered core and flagship.

• Oracle NetSuitecoreTechnology or IntegrationNative ERP integration with Oracle NetSuite enabling seamless invoice data sync, payment processing, and reconciliation posting to NetSuite
• Sage IntacctcoreTechnology or IntegrationNative ERP integration with Sage Intacct for accounting data synchronization and automated posting
• Microsoft Dynamics 365 Business CentralcoreTechnology or IntegrationNative integration with Microsoft Dynamics 365 Business Central for enterprise resource planning connectivity
• Microsoft Dynamics 365 Finance & Supply Chain ManagementcoreTechnology or IntegrationNative integration with Microsoft Dynamics 365 Finance & Supply Chain Management for large enterprise deployments
• Wells Fargo Bank, N.A.flagshipTechnology or IntegrationRegistered Independent Sales Organization of Wells Fargo Bank, N.A. (Concord, CA) for B2B payment processing services
• Fifth Third Bank, N.A.flagshipTechnology or IntegrationRegistered Independent Sales Organization of Fifth Third Bank, N.A. (Cincinnati, OH) for B2B payment processing services
• U.S. Bank National AssociationflagshipTechnology or IntegrationRegistered Agent of the Canadian branch of U.S. Bank National Association for cross-border B2B payment processing
• Esquire Bank NAcoreTechnology or IntegrationRegistered Agent of Esquire Bank NA (Jericho, NY) for B2B payment services
• Fiserv Canada Ltd.flagshipTechnology or IntegrationIndependent Sales Organization of Fiserv Canada Ltd. for Clover payment processing and merchant services

Scale indicators4 records

Recent moves1 record

Expansion highlights5 records

Direct peers

• HighRadius: HighRadius is a direct competitor offering an AI-powered autonomous finance platform spanning order-to-cash and treasury, with strong AR automation, cash application, and collections modules targeting mid-market and enterprise finance teams—directly overlapping Versapay's core product set.
• Bill.com: Bill.com provides B2B payments and AR/AP automation for SMBs and mid-market, with invoice delivery, payment acceptance, and cash application features that compete head-to-head with Versapay's invoicing and B2B payment services, especially in the U.S. market.
• Stampli: Stampli is an AP-automation-first platform with an integrated B2B payments network and collaborative invoice management, targeting the same mid-market finance teams Versapay serves and increasingly overlapping on AR-adjacent capabilities.
• Tipalti: Tipalti offers AP automation, supplier payments, and global mass payments with expanding invoice-to-cash capabilities, serving the same mid-market and enterprise finance personas and overlapping with Versapay on B2B payment acceptance and ERP integrations.
• AvidXchange: AvidXchange is a B2B payments and invoice automation platform focused on mid-market AP and increasingly AR, with deep ERP integrations and a payment network analogous to Versapay's ISO-backed payment services.
• YayPay by Bottomline: YayPay (acquired by Bottomline Technologies) is an AR automation solution with collections management, cash application, and predictive analytics capabilities that directly compete with Versapay's AR modules in the mid-market and enterprise segment.

Emerging players

• Tesorio: Tesorio provides cash flow forecasting and AR analytics software with collections prioritization, partially overlapping with Versapay's Reporting & Reconciliation and Collections Management modules but with a narrower AR-focused scope.

Broad incumbents

• Sage Intacct: Sage Intacct is a major cloud ERP whose native AR module Versapay integrates with; it competes with Versapay on basic AR functionality and could expand native features that displace third-party AR platforms in lower-complexity segments.
• Oracle NetSuite: Oracle NetSuite is the cloud ERP platform Versapay integrates with; its native AR, billing, and payment capabilities form a broad incumbent alternative that could disintermediate Versapay for customers seeking single-vendor ERP suites.
• Microsoft Dynamics 365 Finance & Supply Chain: Microsoft Dynamics 365 Finance & Supply Chain Management includes native AR, collections, and cash application modules as part of a broader ERP; it competes with Versapay for enterprise finance teams that prefer all-in-one ERP suites over best-of-breed AR.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/Versapay
• Facebookfacebook.com/versapay
• LinkedInlinkedin.com/company/solupay

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Solupay