DadeSystems - About the company
DadeSystems is an acquired company based in Miami (United States), founded in 2011 by Dave Wilson. It operates as an Account receivable payment automation solution.. DadeSystems has raised $11M in funding from Wells Fargo and Napier Park Global Capital. The company has 69 active competitors, including 11 funded and 9 that have exited. Its top competitors include companies like PortX, Biller Genie and Aiwyn.
Company Details
Dade Systems is an account receivable (AR) payment automation solution for banks and credit unions, manufacturers, property management firms, insurers, distributors and other organizations. Its product name is DadePay; offers customers more payment options and improve customer satisfaction. The family of products includes AR Automation that automatically matches payments to open billing/account receivables, including tedious exceptions and deposits checks in the bank. DadePay Mobile, DadePay ePayments, DadePay Mailroom - Automates the processing of all types of loan payments and deposits received by the financial institution, DadePay Remote Deposit Capture - cheque deposit from mobile, DadePay Virtual Lockbox - remote lockbox services to their business customers, DadePay Transaction Manager - Allows businesses' financial institution to monitor all transactions to identify out-of-balance exceptions and/or “flagged” transactions based on user-defined rules to find potential fraudulent or other anomalous transactions.
- Website
- dadesystems.com
- Email ID
- *****@dadesystems.com
- Phone Number
- +1 **********
- Registered Address
- 7300 N. Kendall Drive Suite 200 Miami, FL 33156
Key Metrics
Founded Year
2011
Location
Miami, United States
Stage
Acquired
Total Funding
$11M in 4 rounds
Latest Funding Round
Investors
Ranked
1st among 69 active competitors
Employee Count
31 as on Dec 31, 2020
Exit Details
Acquired by Versapay (Apr 18, 2022)
Legal entities associated with DadeSystems
DadeSystems is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Dadesystems, Inc. CIN: 36-4696384 , United States, Active | Mar 14, 2017 | - | 31 (As on Dec 31, 2020) | - |
DadeSystems's acquisition details
DadeSystems got acquired by Versapay on Apr 18, 2022.
Click here to take a look at DadeSystems's acquisition in detail
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DadeSystems's funding and investors
DadeSystems has raised a total funding of $11M over 4 rounds. Its first funding round was on Apr 18, 2017. Its latest funding round was a Series D round on Feb 26, 2020 for $*****. 1 investor participated in its latest round. DadeSystems has 5 institutional investors.
Here is the list of recent funding rounds of DadeSystems:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Feb 26, 2020 | 2283251 | Series D | 3862867 | 6891232 | 4157697 | 5873263 |
Nov 14, 2019 | 4419668 | Series D | 7333990 | 9457764 | 4213583 | |
May 01, 2018 | 9526178 | Series A | 3634783 | 3948092 | 4967090 |
View details of DadeSystems's funding rounds and investors
DadeSystems' founders and board of directors
Founder? Claim ProfileThe founders of DadeSystems is Dave Wilson.
Here are the details of DadeSystems' key team members:
- Dave Wilson: Founder of DadeSystems. Contact Info: 1 email address
View details of DadeSystems's Founder profiles and Board Members
DadeSystems' employee count trend
DadeSystems has 31 employees as of Dec 20. The total employee count is 55.0% more than what it was in Dec 19. Here is DadeSystems's employee count trend over the years:
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DadeSystems's Competitors and alternates
Top competitors of DadeSystems include PortX, Biller Genie and Aiwyn. Here is the list of Top 10 competitors of DadeSystems, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | DadeSystems 2011, Miami (United States), Acquired | Account receivable payment automation solution. | $11M | 64/100 | |
2nd | PortX 2016, Mercer Island (United States), Series C | Cloud-based transaction management platform for businesses | $26.6M | 62/100 | |
3rd | Biller Genie 2018, Miami (United States), Series B | Cloud-based invoicing and payment platform for businesses | $32.9M | 60/100 | |
4th | Aiwyn 2020, Charlotte (United States), Series A | Provider of platform for accounting firms offering payments, practice, experience, tax | $127M | 57/100 | |
5th | Onyx CenterSource 1992, Dallas (United States), Acquired | B2B payment and business intelligence solutions for the hospitality industry | - | 55/100 | |
6th | PaySimple 2006, Denver (United States), Series B | Online Payment and Invoicing for small business | $137M | 51/100 | |
7th | PayLease 2003, San Diego (United States), Acquired | Provides payment solutions to property management industry. | - | 51/100 | |
8th | Provider of accounts receivable management software for finance teams | $22.9M | 51/100 | ||
9th | Ordway Labs 2018, Washington, DC (United States), Series A | Invoicing and payment solution | $12.5M | 47/100 | |
10th | Online Check Writer 2012, San Jose (United States), Funding Raised | Provider of online payment and account management solutions for businesses | - | - | 45/100 |
Looking for more details on DadeSystems's competitors? Click here to see the top ones
DadeSystems's Investments and acquisitions
DadeSystems has made no investments or acquisitions yet.
Reports related to DadeSystems
Here is the latest report on DadeSystems's sector:
News related to DadeSystems
Media has covered DadeSystems for 1 event in last 1 year, It was about partnerships.
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Ten Coves Capital Announces The Promotions Of Steven Lula To Partner And Kyle Kruse To Vice PresidentWebDisclosure•Feb 09, 2023•Ten Coves Capital, 7shifts, Canopy, Corpay and 13 others
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Blue Ridge Strengthens Leadership Team with Strategic Executive HiresBusiness Wire•Jun 28, 2022•Blue Ridge, StiboSystemsNA, XPO Logistics, DadeSystems
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LendKey Appoints Joe Proto to its Board of DirectorsBusiness Wire•Jul 26, 2021•LendKey Technologies, Mastercard, DadeSystems
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DadeSystems receives new capital investment from Wells FargoIBS Intelligence•Feb 28, 2020•DadeSystems, Wells Fargo
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U.S. Fintech DadeSystems Scores Investment From Wells Fargo Strategic Capital During Series D Funding RoundCrowdfund Insider•Feb 26, 2020•DadeSystems, Wells Fargo
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Fiserv and Dade team up to automate account receivables processingFinextra•Oct 15, 2018•Fiserv, DadeSystems
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