Fintech Staff Writer
Carey O’Connor Kolaja has been named as Versapay’s new CEO, the industry pioneer in collaborative accounts receivable (AR). O’Connor Kolaja will handle the company’s strategic direction and day-to-day operations. Craig O’Neill, the company’s former chief executive officer, will take on a strategic advising role. O’Connor Kolaja joins the company during a period of rapid growth led by the announcement of 1 million companies on its payment network, a record 82% year-over-year increase in software bookings, the acquisition of DadeSystems to bolster AI and machine learning cash application capabilities, strategic partnerships with American Express and Wells Fargo, and the introduction of the industry’s only fully-integrated platform to connect AR teams with their customers and digit O’Connor Kolaja has over 25 years of executive leadership expertise in the financial services and payments sector, as well as extensive knowledge of building strong corporate cultures and scaling businesses profitably. She served as the CEO of AU10TIX, the world leader in automated identification intelligence and cyber fraud protection, before joining Versapay. Also, she has worked at PayPal as the vice president of global consumer products and Citi Fintech as the global chief product officer.
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“I’m honored to join Versapay as the next CEO and am energized by the passion of our great talent, the momentum of our network, and the unique way our products solve the invoice to cash challenges,” said O’Connor Kolaja. “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.” “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. “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. 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.”
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