VersaPay Signs Agreement With Waste Management Company To Provide Accounts Receivable Automation Platform

November, 21, 2017

TORONTO, Nov. 21, 2017 /CNW/ – 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 a major waste management company has become the newest client to use its invoice-to-cash automation solution. The waste management company decided to offer a new digital environment to their customers, making it easier to do business together. The client expects to realize significant efficiencies by automating manual tasks such as sending overdue notices and manually applying payments. What’s more their AR staff can now view account level information consolidated by division or across the enterprise. This enables a more proactive approach to...

VersaPay Announces Q3 2017 Financial Results, Key Leadership Changes and Strong Metrics Growth

November, 16, 2017

– Software Revenue Grows by 97.5% Year over Year – Toronto, ON – November 15, 2017 – VersaPay Corporation (TSXV: VPY) (“VersaPay” or the “Company”), a leading provider of cloud-based invoicing, accounts receivable management and payment solutions, today announced third quarter (“Q3”) financial results for the three and nine months ended September 30, 2017. “We achieved several important objectives this quarter,” said Craig O’Neill, CEO of VersaPay, “We established our US expansion plan, strengthened our sales leadership to execute the plan, and closed a private placement for $10.7 million to fund the plan. Meanwhile we continued to see strong growth in our revenues, gross margin and ARC metrics. These achievements are important steps on the path to achieving our...

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,...