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...

VersaPay Announces 2017 AGM Results

May, 29, 2017

Toronto, Ontario – May 29, 2017 – VersaPay Corporation (TSXV: VPY) (“VersaPay” or the “Company”), a leading provider of cloud-based invoicing, accounts receivable management and payment solutions, is pleased to announce the election of its board of directors from its Annual General and Special Meeting of Shareholders, held on May 26, 2017. Shareholders elected Art Mesher (Chairman), Eleanor Chiu, Timothy Stanley, Mark Kohler, Sheldon Pollack and Craig O’Neill (CEO). Mark Kohler has served as an advisor or a Board member for some of Canada’s leading public and private company Boards, and is respected for his strategic and governance expertise, particularly with growth, and acquisition oriented technology enterprises. He is currently the Chairman and CEO of Exelerate Capital (Toronto), a...

VersaPay Announces Q1 2017 Financial Results

May, 23, 2017

Toronto, ON – May 23, 2017 – VersaPay Corporation (TSXV: VPY) (“VersaPay” or the “Company”), a leading provider of cloud-based invoicing, accounts receivable management and payment solutions, today announced first quarter (“Q1”) financial results for the three month ended March 31, 2017. “The first quarter of the year introduced some important firsts for the company,” said Craig O’Neill, CEO of VersaPay. “With the sale of our POS Merchant Services business closing in January, VersaPay began operating as a pure fintech company for the first time. With the launch of our go-to-market plans with top-tier channel partners we introduced the white label version of ARC™ for the first time. As well, I’m pleased to announce that each of our channel...

SPS Commerce Becomes Newest Client of VersaPay’s Invoice to Cash Solution

May, 17, 2017

Toronto, ON – May 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 SPS Commerce, Inc. has signed on as the company’s newest client to use VersaPay ARC™ to automate their invoice to cash process. “We are serving customers globally and rely on strategic partners like VersaPay to support our financial operations and provide excellent service for our customers,” said Kim Nelson, chief financial officer, SPS Commerce. “Now we have a streamlined approach that covers collections and much more, including our invoice to cash process.” “More and more companies are beginning to appreciate the innovative approach we bring to solving common challenges in...