New Versapay CEO Brings Payments Background to Scale Financial Automation Innovator

Versapay, which operates an accounts receivable network and recently signed its millionth customer, today announced that it has appointed Carey O’Connor Kolaja as its new chief executive officer. 

Kolaja, who is responsible for the company’s strategic direction and day-to-day operations, succeeds Craig O’Neill, who is moving into a strategic advisory role for Versapay.

In addition to recently inking its millionth customer, several additional milestones are driving corporate momentum:

• A record 82% year-over-year increase in software bookings
• Acquisition of DadeSystems to bolster artificial intelligence and machine learning cash application capabilities 
• Strategic partnerships with American Express and Wells Fargo 
• introduction of the industry’s only fully integrated platform to connect AR teams with their customers and digitize the entire invoice-to-cash cycle

Prior to joining Versapay, O’Connor Kolaja was the chief executive officer of AU10TIX, a leader in automated identity intelligence and cyber fraud prevention. She has also held positions at Citi Fintech as the global chief product officer and PayPal as the vice president of global consumer products.

“I look forward to leading us through the next stage of growth and am thankful for the leadership that has positioned us as a pioneer in the AR automation and B2B payments space,” said O’Connor Kalaja, who brings to Versapay her 25+ years of executive leadership experience in the financial services and payments industry with a background in profitably scaling companies and developing robust company culture. 

“Versapay is leading the charge to transform the way companies everywhere do business together through AR automation and our next-gen B2B payment network,” said Matt Vettel, managing director of Great Hill Partners and Versapay board member. Versapay is owned by Great Hill Partners. 

“Now with over 1 million companies transacting on the Versapay B2B Payment Network, we’re thrilled to have Carey take the helm for our next phase of growth,” Vettel said. “We thank Craig for nearly 10 years of positioning Versapay for success. I’m confident that Carey’s leadership and vast experience will build on that great foundation and allow Versapay to reach even greater heights.” 

Based in Toronto, Versapay handles 40+ million new invoices and drives $60+ billion in global payment volume annually.