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Canadian payments firms chart US growth

December 22, 2023

Two Canadian payments companies in different business-to-business spheres are plotting growth in the U.S. market next year.

Versapay and Brim Financial, both based in Toronto, have already lured U.S. corporate customers, but are seeking to expand their clientele south of the border.

Versapay, the larger of the two companies with about 400 employees, is in the business-to-business arena, providing payment software services to help suppliers manage and collect on payments from business clients. The company seeks to automate the accounts receivable process for collections and reconciliation, including invoicing and payments processing.

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