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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.
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Email ID
*****@dadesystems.com
Phone Number
+1 **********
Registered Address
7300 N. Kendall Drive Suite 200 Miami, FL 33156
Key Metrics
Founded Year
2011
Location
Stage
Acquired
Total Funding
$11M in 4 rounds
Latest Funding Round
Investors
Ranked
Employee Count
31 as on Dec 31, 2020
Similar Companies
Exit Details
Acquired by Versapay (Apr 18, 2022)

DadeSystems's acquisition details

DadeSystems got acquired by Versapay on Apr 18, 2022.
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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:lockFilter this list
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
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DadeSystems' founders and board of directors

Founder? Claim Profile
The founders of DadeSystems is Dave Wilson.
Here are the details of DadeSystems' key team 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:
Employee count trend for DadeSystems
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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:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for DadeSystems
DadeSystems
2011, Miami (United States), Acquired
Account receivable payment automation solution.
$11M
64/100
2nd
Logo for PortX
PortX
2016, Mercer Island (United States), Series C
Cloud-based transaction management platform for businesses
$26.6M
62/100
3rd
Logo for Biller Genie
Biller Genie
2018, Miami (United States), Series B
Cloud-based invoicing and payment platform for businesses
$32.9M
60/100
4th
Logo for Aiwyn
Aiwyn
2020, Charlotte (United States), Series A
Provider of platform for accounting firms offering payments, practice, experience, tax
$127M
57/100
5th
Logo for Onyx CenterSource
Onyx CenterSource
1992, Dallas (United States), Acquired
B2B payment and business intelligence solutions for the hospitality industry
-
55/100
6th
Logo for PaySimple
PaySimple
2006, Denver (United States), Series B
Online Payment and Invoicing for small business
$137M
51/100
7th
Logo for PayLease
PayLease
2003, San Diego (United States), Acquired
Provides payment solutions to property management industry.
-
51/100
8th
Logo for Upflow
Upflow
2017, Paris (France), Series A
Provider of accounts receivable management software for finance teams
$22.9M
51/100
9th
Logo for Ordway Labs
Ordway Labs
2018, Washington, DC (United States), Series A
Invoicing and payment solution
$12.5M
47/100
10th
Logo for Online Check Writer
Online Check Writer
2012, San Jose (United States), Funding Raised
Provider of online payment and account management solutions for businesses
-
-
45/100
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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

lockFilter this list
Media has covered DadeSystems for 1 event in last 1 year, It was about partnerships.
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