"We have continued to see strong growth in the number of companies and users on the platform, the volume of invoices being published to customers, and the number and size of payments being made on ARC in this most recent quarter," said Craig O'Neill, CEO of VersaPay. "Most of this growth is driven by suppliers that have been live for one or more quarters, so we expect to see these growth rates increase nicely as the number of new suppliers going live accelerates."
VersaPay is a leading cloud-based invoice presentment and payment provider for businesses of all sizes. VersaPay's ARC software-as-a-service offering allows businesses to easily deliver customized electronic invoices to their customers, to accept credit card and EFT payments and automatically reconcile payments to their ERP and accounting software. VersaPay is headquartered in Toronto, Canada and also has operations in Montreal.
More information about VersaPay can be found on the Company's website at www.versapay.com or under the Company's profile on SEDAR at www.sedar.com.
Forward Looking and Other Cautionary Statements
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SOURCE VersaPay Corporation