Versapay history

VersaPay began accepting clients in 2007 as it set up the company’s headquarters in Vancouver, BC. VersaPay began to diversify its client-base by introducing a new proprietary payment processing solution for both B2B (business-to-business) and B2C (business-to-consumer) transactions.

In February 2008, VersaPay acquired a 75% interest in Positive Inc., a wireless payment technology provider, to offer this option to their clients.

VersaPay began trading on the TSX Venture Exchange on January 20, 2010.

Bill McGill, the Company's CFO at the time, assumed the role of CEO. Michael Gokturk resurfaced in January 2011 to launch his new payments company Payfirma, which was the first in Canada to deploy mobile payments on smartphones.

In November 2012, VersaPay signed a marketing agreement with MasterCard International.

In September 2013, VersaPay announced the departure of Bill McGill as CEO. Craig O'Neill, previously the co-founder and CEO of Xeye (sold to Odyssey Financial Technologies) - was appointed CEO of VersaPay.

In August 2014, VersaPay announced Jason Gurandiano resigned as Chairman Of the Board of Directors.

January 2017, VersaPay received shareholder approval for the sale of its Merchant Services division for proceeds up to $11,000,000.

Later in May 2018, VersaPay announced a partnership with First Data to become a Payment Facilitator, starting in Canada and the USA, as part of its global merchant acquiring strategy to support worldwide payment acceptance for its customer base.

December 2019, Great Hill Partners a Boston-based growth-oriented private equity firm, tendered an all cash offer to acquire VersaPay for an estimated $129 million dollars in a take private transaction.