VersaPay Achieves New Milestones As It Scales The Number of Companies Using ARC, Its Invoice-To-Cash Automation Platform

October, 26, 2017

Toronto, ON – October 26, 2017 – VersaPay Corporation (TSXV: VPY) (“VersaPay” or the “Company”), a leading provider of cloud-based invoice-to-cash solutions including electronic invoice presentment and payment, automated accounts receivable, cash application and collections management, today announced that it has achieved significant new milestones with ARC™, its invoice-to-cash automation platform. 77,500 end customers are now using VersaPay ARC to receive and pay invoices, representing growth of nearly 50% since the beginning of Q3. This is a key metric the Company monitors to measure real growth and the future trajectory of the platform. The number of clients using ARC to issue invoices and get paid electronically has grown to 120 including a number of larger enterprise accounts. The growing...

VersaPay to Present at StableView Asset Management TECH17 Conference

October, 19, 2017

Toronto, ON – October 19, 2017 – VersaPay Corporation (TSXV: VPY) (“VersaPay” or the “Company”), is pleased to announce that the Company’s Chief Executive Officer Craig O’Neill will be presenting at the StableView Asset Management TECH17 Conference on Thursday, October 26, 2017 at 10am. Mr. O’Neill will be joined by one of the Company’s channel partners to discuss their plans to offer VersaPay ARC to a wide array of prospects across Canada. “We are delighted to again be a part of the StableView Tech Conference, an opportunity to share our story with many of Canada’s prominent technology investors,” said Craig O’Neill, CEO of VersaPay. “Even more so, I’m excited to have one of our partners join me to talk...

VersaPay Corporation announces closing of $10.7 million non-brokered private placement

October, 13, 2017

Toronto, ON – October 13, 2017 – VersaPay Corporation (TSXV: VPY) (“VersaPay” or the “Company”), a leading provider of cloud-based invoice-to-cash solutions including electronic invoice presentment and payment, automated accounts receivable, cash application and collections management, is pleased to announce that it has completed its previously announced non-brokered private placement (the “Offering”) of 6,290,000 common shares of the Company (the “Common Shares”) at a price of $1.70 per Common Share for gross proceeds of approximately $10.7 million. The Offering remains subject to final approval of the TSX Venture Exchange. The Common Shares issued pursuant to the Offering are subject to a statutory hold period of four months and one day, expiring on February 14, 2018. About VersaPay VersaPay is a Fintech company and...

VersaPay Corporation Announces Non-Brokered Private Placement

October, 11, 2017

Toronto, ON – October 11, 2017 – VersaPay Corporation (TSXV: VPY) (“VersaPay” or the “Company”), a leading provider of cloud-based invoice-to-cash solutions including electronic invoice presentment and payment, automated accounts receivable, cash application and collections management, today announced its intention to complete a non-brokered private placement (the “Offering”) of 6,289,910 common shares of the Company (the “Common Shares”) at a price of $1.70 per Common Share for gross proceeds of approximately $10.7 million. Closing of the Offering is expected to occur on or about October 13, 2017. “We are very pleased to welcome a new institutional investor to the Versapay family as part of this financing,” said Craig O’Neill, CEO of Versapay. “We are also delighted to have our...

VersaPay Announces Q2 2017 Financial Results – Software Revenue Grows by 77% Year over Year –

August, 17, 2017

Toronto, ON – August 17, 2017 – VersaPay Corporation (TSXV: VPY) (“VersaPay” or the “Company”), a leading provider of cloud-based invoicing, accounts receivable management and payment solutions, today announced second quarter (“Q2”) financial results for the three and six months ended June 30, 2017. “We’re very pleased with the progress we’ve made this quarter,” said Craig O’Neill, CEO of VersaPay. “We formally announced our partnership with the Royal Bank of Canada to white label ARCTM to RBC’s business clients, and we signed our largest client to-date, Livingston International. We also achieved strong new sales in the quarter and we reached an important milestone in our client base, with 100 clients signed and 50,000 end-customers active on the platform. With...

Royal Bank of Canada Enters Agreement with VersaPay to Offer ARC™ to Business Customers Under RBC Brand

July, 6, 2017

Toronto, ON – July 6, 2017 – VersaPay Corporation (TSXV: VPY) (“VersaPay” or the “Company”), a leading provider of cloud-based invoice-to-cash solutions including electronic invoice presentment and payment, automated accounts receivable, cash application and collections management, today announced a strategic relationship with Royal Bank of Canada RBC (TSX: RY). As part of the agreement RBC will offer its business customers VersaPay ARC™, an integrated accounts receivable solution, under the RBC brand. “RBC is always looking for new and innovative ways to help clients use digital platforms to manage and grow their businesses,” noted Greg Grice, EVP, Business Financial Services at RBC. “The invoice-to-cash process is vital to the success of all businesses. Integrating this offering into RBC’s leading cash...

VersaPay Inks Deal with Livingston International Inc. for Automated Invoice-To-Cash Solution

July, 5, 2017

Toronto, ON – July 5, 2017 – VersaPay Corporation (TSXV: VPY) (“VersaPay” or the “Company”), a leading provider of cloud-based invoice-to-cash solutions including electronic invoice presentment and payment, automated accounts receivable, cash application and collections management, today announced that Livingston International Inc., a leading global customs broker and logistics provider (“Livingston”) has signed a contract to use VersaPay ARC™ to improve its financial operations worldwide. Livingston is a global leader in customs brokerage, trade compliance, and freight forwarding, helping customers simplify the complex administrative and transportation requirements of international shipping. Livingston prides itself in removing complexity so that its customers can focus on operating, growing and investing in their businesses. “Our partnership with VersaPay is part of a broader,...

VersaPay Chosen By Vantage Point Corporation To Provide Invoice-To-Cash Solution

July, 5, 2017

Milwaukee, WI ; Toronto, ON – July 5, 2017 – VersaPay Corporation (TSXV: VPY) (“VersaPay” or the “Company“), a leading provider of cloud-based invoice-to-cash solutions including electronic invoice presentment and payment, automated accounts receivable, cash application and collections management, today announced Vantage Point Corporation (“VPC”) has become the newest client on VersaPay ARC™. “At Vantage Point Corporation we take pride in challenging the status quo and delivering a better technology experience for our customers,” noted Greg VerPlank, Chief Financial Officer at Vantage Point Corporation. “With VersaPay ARC we can expand our customer set without adding staff in our finance department and we’re also reclaiming hours with our existing staff. What’s even better is that our customers state that the...

InvenTrust Properties Signs Agreement With VersaPay To Provide Tenant Portal, Collections and Payment Platform

June, 13, 2017

Chicago, IL ; Toronto, ON – June 13, 2017 – VersaPay Corporation (TSXV: VPY) (“VersaPay” or the “Company”), a leading provider of cloud-based invoicing, accounts receivable management and payment solutions, today announced InvenTrust Properties Corp. (“InvenTrust”) has signed an agreement to provide its tenants across the U.S. with a tenant portal and payment platform. “Our company continues to execute our pure-play multi-tenant retail strategy, which has required us to take a critical look at our infrastructure and operating processes in order to scale and drive efficiencies,” commented Adam Jaworski, Chief Accounting Officer at InvenTrust. “With VersaPay’s platform, our tenants will have self-service account access and our accounting team gains dashboard visibility on key financial metrics to proactively monitor and...