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Company type | Private |
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TSX-V:VPY | |
Industry | Financial services |
Founded | 2006 |
Headquarters | Toronto, Ontario, Canada |
Area served | North America |
Number of employees | 92 (Jan, 2020) |
Website | Official website |
Versapay (previously VersaPay) is a Canadian financial technology company that specializes in account receivable software. It was listed on the TSX Venture Exchange under the symbol VPY between January 2010 and February 2020 when it was acquired by private equity firm Great Hill Partners for $126 million.
In 2009, Canadian Business Magazine named Versapay Corporation the fastest growing company in Canada. Revenue for Versapay had grown from $50,000 in 2006 to $5.1 Million in 2008, processing an estimated $230 Million in 2008 from over 2800 clients, by 2013 - Versapay was processessing in excess of $1 billion annually.[1]