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VersaPay
VersaPay processes $257B in annual payments with an AI-driven accounts receivable automation platform led by CEO Carey O'Connor Kolaja.
VersaPay
VersaPay was founded in Toronto and is led by CEO Carey O'Connor Kolaja, a 25-year payments industry veteran who previously ran AU10TIX and held product roles at Citi Fintech and PayPal. The company automates invoice-to-cash processes for business clients. Its platform spans digital invoicing, collections management, AI-driven cash application, and B2B payment services. VersaPay reports processing over $257B in payments annually, with 5M+ companies transacting across its network. Asset classes include enterprise software, fintech, and AI tools for reconciliation. The firm serves clients primarily in North America. VersaPay's leadership team includes Chief Product Officer Christy Johnson, a veteran from Capital One and EY; Chief Technology Officer Gaby Kozakov, with 25 years in tech at firms like Amdocs and AU10TIX; and Chief Financial Officer Ed Neumann, who has overseen IPOs and M&A in fintech. The team numbers over 30 executives, though total headcount is not disclosed. VersaPay's structural differentiator is its focus on the complete invoice-to-cash cycle, not just point solutions — integrating payment acceptance, AI reconciliation, and ERP connectivity into a single platform. This vertical integration sets it apart from traditional AR software vendors.
General information
Firm type
Asset Manager
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
Canada
City
Toronto
Corporate office
Toronto, Canada
Principals
Carey O'Connor Kolaja
Chief Executive Officer
Sector focus
Frequently asked questions
Who makes investment decisions at VersaPay?
Carey O'Connor Kolaja is CEO and sets strategic direction. She previously led AU10TIX and held senior product roles at Citi Fintech and PayPal. The investment committee includes CFO Ed Neumann and other C-suite officers.
How does VersaPay source proprietary deal flow?
VersaPay is an operating company, not a family office or investment firm — it sells AR automation software to businesses. Deal flow is not a relevant concept for a firm that generates revenue through platform subscriptions and payment processing.
Is VersaPay structured as a single family office or does it operate more like a venture firm?
VersaPay is neither — it is a private corporation providing B2B financial technology. It is not a capital allocator like a family office or venture firm. Ownership and capital structure are not publicly disclosed.
Does VersaPay participate in fund commitments or only direct deals?
VersaPay does not make fund commitments or direct investments. It operates as a software and payments company, not an investment vehicle. It may fund development or acquisitions internally, but these are not disclosed.
What investment stages does VersaPay typically target?
VersaPay is not an investor — it targets mid-market and enterprise businesses as clients for its AR automation platform. It does not participate in venture capital or growth equity stages.
Which sectors does VersaPay explicitly avoid?
VersaPay does not publish a list of avoided sectors. As a software vendor, it serves any business with invoice-to-cash needs, though its strongest verticals appear to be financial services, e-commerce, and subscription-based businesses.
Where does the underlying wealth of VersaPay’s principals come from?
The wealth of VersaPay's leadership comes from executive compensation and prior roles at companies like PayPal, Citi, Global Payments, and Capital One. No separate private-wealth origin is disclosed for the firm itself.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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