Versant Funding
Versant Funding is a Boca Raton-based non-recourse factor that purchases accounts receivable from U.S. small and mid-sized businesses, specializing in difficult deals (distressed, high-concentration, and Chapter 11 companies) that traditional lenders decline.
- Company typePrivate
- Founded2006
- HeadquartersBoca Raton, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Versant Funding does
Versant Funding is a Boca Raton, Florida-based non-recourse factoring company that purchases accounts receivable invoices from small and mid-sized U.S. businesses at a discount, notifies the obligors to remit directly to Versant, and assumes the credit risk on non-payment. Its underwriting philosophy inverts the conventional lender approach: it evaluates the creditworthiness of the client's customers rather than the client's balance sheet, explicitly targeting companies that traditional banks and factors decline, including those with negative net worth, recent losses, poor personal credit, debtor concentrations, startups, and Chapter 11 debtors seeking DIP financing. Geographic exclusions include medical, trucking, and construction industries, and Versant operates across all U.S. states.
The product set is anchored by a full-notification Non-Recourse Factoring Program, with modular add-ons for Project Financing, Bridge Financing, Working Capital, Business Acquisition Financing, Supplier Discount Acceleration, and Debtor-in-Possession (Chapter 11) financing. Underlying technology is conventional: account management systems, web-based client reporting for ongoing AR performance monitoring, and human-driven credit evaluation. Transaction sizes typically range from $1MM to $100MM in annual receivables, with facilities that can be uncapped and grow without additional credit committee approvals, and minimum monthly client volume around $100K. Versant is self-financed, removing dependence on warehouse or bank credit lines.
Go-to-market is hybrid: direct sales to companies seeking working capital, combined with a channel-driven Factor Referral Program that pays commissions to bankers, brokers, and factoring farms for referred 'difficult' deals. Versant has cultivated 20+ year relationships with bank special-assets and workout groups, positioning itself as the AR carve-out partner for lenders seeking to exit problem loans. Pricing is quote-based and per-transaction; revenue is generated through the spread between face value of purchased receivables and amounts advanced. The company is privately held (Versant Funding LLC) with 1-10 employees and is led by founder/CEO Mark Weinberg (CPA and former tax attorney) and Director of Operations Dan Broadley.
Versant Funding firmographics
Firmographics- Name
- Versant Funding
- Legal name
- Versant Funding LLC
- Website
- https://versantfunding.com
- Company type
- Private
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Versant Funding is a Boca Raton-based non-recourse factor that purchases accounts receivable from U.S. small and mid-sized businesses, specializing in difficult deals (distressed, high-concentration, and Chapter 11 companies) that traditional lenders decline.
- Ownership category
- akta.pro rank
Versant Funding industry classification
Industry- Product category
- Commercial Accounts Receivable Factoring
- NAICS
- Other Nondepository Credit Intermediation (52229), Nondepository Credit Intermediation (5222)
- SIC
- Short-Term Business Credit Institutions (6153), Miscellaneous Business Credit Institution (6159)
- akta.pro primary industry
- Receivables Finance (Factoring, Invoice Discounting, Forfaiting) (FSABAHAD)
- akta.pro secondary industry
- Invoice Financing & Factoring (FSAKAGAC)
Keywords
Where Versant Funding is headquartered
LocationHeadquarters
- HQ city
- Boca Raton
- HQ country
- United States
- HQ region
- North America
Markets served
Versant Funding business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D
Revenue model
- Factoring Fees: Versant Funding generates revenue by purchasing a company's accounts receivable invoices at a discount (true discount factoring). They charge fees for assuming the credit risk and providing immediate liquidity. The company operates as a 'true discount factor' focused on the strength of clients' accounts receivable.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Non-Recourse Factoring Facility - customized based on receivables |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels3 records
Versant Funding product offering
Product offeringCore offering
Versant Funding provides non-recourse accounts receivable factoring services to small and mid-sized U.S. businesses. The company purchases client invoices at a discount, notifies the client's customers to remit payment directly to Versant, and assumes the credit risk on those invoices. It specializes in difficult-to-fund situations such as startups, companies with negative net worth, debtor concentrations, and Chapter 11 debtors-in-possession, with typical facility sizes from $1MM to $100MM in annual receivables.
Product overview
Versant Funding offers a single unified factoring service centered on its Non-Recourse Factoring Program, a full-notification factoring solution where the company purchases clients' accounts receivable invoices and assumes credit risk. This core product is supplemented by specialized financing modules including Project Financing, Bridge Financing, DIP (Debtor-in-Possession) Financing for Chapter 11 bankruptcies, Working Capital Solutions, Business Acquisition Financing, and Supplier Discount Acceleration. The company also provides an online Factor Application process. Transaction sizes typically range from $1MM to $100MM in annual receivables, with funding often available within one week of initial contact.
Differentiator
Problem solved
Functional benefit
Products and services
- Non-Recourse Factoring Program
Quantifiable outcome
- Facility sizes typically range from $1MM to $100MM in annual receivables
- +2 more outcomes
Companies that use Versant Funding
Customer profileNamed customers14 records
Segments5 records
Ideal customer profiles5 records
Versant Funding technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Versant Funding partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and minor.
- BankerscoreVersant works with banks and their term borrowers (both SBA and traditional) by offering working capital financing in exchange for a carve out of the accounts receivable. Benefits both lender and borrower - lender retains lien on other assets while borrower obtains liquidity. Versant has over 20 years of experience working with special assets and workout groups to assist lenders exit problem loans.
- BrokerscoreFinancial brokers bring deals to Versant through the Factor Referral Program. Brokers are paid commissions for referring deals, especially those that don't fit traditional credit boxes. Versant targets deals other factoring companies are not interested in.
- Factoring FarmsminorOther factoring companies that refer overflow or difficult deals to Versant through the Factor Referral Program. Commissions are paid to referring brokers as well as the primary referring factor.
Scale indicators5 records
Recent moves5 records
Expansion highlights4 records
Versant Funding competitors and assessment
Company assessmentMarket position
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Versant Funding social profiles
Digital presenceVersant Funding financial estimates
Financial estimateRevenue estimate
Valuation estimate
Versant Funding leadership team
Management profileNumber of profiles
Profiles2 records
Versant Funding funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Versant Funding 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 Versant Funding
What does Versant Funding do?
Versant Funding provides non-recourse accounts receivable factoring services to small and mid-sized U.S. businesses. The company purchases client invoices at a discount, notifies the client's customers to remit payment directly to Versant, and assumes the credit risk on those invoices. It specializes in difficult-to-fund situations such as startups, companies with negative net worth, debtor concentrations, and Chapter 11 debtors-in-possession, with typical facility sizes from $1MM to $100MM in annual receivables.
Is Versant Funding a public or private company?
Versant Funding is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Versant Funding founded?
Versant Funding was founded in 2006. It employs 1 to 10 people.
Where is Versant Funding based?
Versant Funding is headquartered in Boca Raton, United States, in the North America region.
How does Versant Funding make money?
One revenue line is on record: factoring Fees.
Does Versant Funding have an API?
No public API is recorded for Versant Funding.
What industry is Versant Funding in?
Versant Funding's product category is Commercial Accounts Receivable Factoring. Its primary akta.pro industry code is FSABAHAD, Receivables Finance (Factoring, Invoice Discounting, Forfaiting), with a secondary code of FSAKAGAC, Invoice Financing & Factoring. Its NAICS code is 52229 and its SIC code is 6153.