News

Versapay and Solupay merge

Thursday 22 October 2020 10:48 CET | News

Versapay Corporation, a provider of order-to-cash solutions, has completed a merger with payment services provider Solupay.

The combined company will operate under the Versapay name. Financial terms of the private transaction were not disclosed.

Solupay enables suppliers and merchants to simplify payment acceptance, deliver click-to-pay invoices and automate receivables processes within cloud-based ERPs including NetSuite, Microsoft Dynamics Business Central, and Sage Intacct. With the addition of Solupay, Versapay expands its capabilities to provide order-to-cash solutions that drive integrated payments, AR automation, and customer-centric AR for mid-market and enterprise organisations. 

The union of Versapay with Solupay, which includes Solupay’s subsidiaries ChargeLogic and 2CP, follows the February 2020 acquisition of Versapay by Great Hill Partners, a growth oriented private equity firm.


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Keywords: Versapay, Solupay, M&A, merger and acquisition, payments, order-to-cash
Categories: Banking & Fintech | E-invoicing, SCF & E-procurement
Countries: World
This article is part of category

Banking & Fintech