When was Ontario Systems founded?

Ontario Systems was founded in 1980 and raised its 1st funding round 35 years after it was founded.

Where is Ontario Systems located?

Ontario Systems is headquartered in Muncie, United States.

How many employees does Ontario Systems have?

As of May 31, 2026, the latest employee count at Ontario Systems is 457.

Is Ontario Systems a funded company?

Ontario Systems is a funded company, having raised a total of $***** in its 1st and only funding round, a Grant (prize money) round on 2015.

When was the latest funding round of Ontario Systems?

Ontario Systems' latest funding was a $***** Grant (prize money) round on 2015, with participation from 0 investor.

Where does Ontario Systems rank among its competitors?

Ontario Systems ranks 16th amongst 213 active competitors, of which 28 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Axela, which secured $5M in Jul, 2026.

Who are the top competitors of Ontario Systems?

Ontario Systems' top competitors include InDebted, Growfin and PAIR Finance. Among them, Axela secured the most recent funding round in July, 2026.

Ontario Systems - 2026 Company Profile, Team, Funding & Competitors

Ontario Systems is an acquired company based in Muncie (United States), founded in 1980 by Wil Davis. It operates as an Account receivable management solution provider.. Ontario Systems has raised an undisclosed amount in funding. The company has 213 active competitors, including 28 funded and 28 that have exited. Its top competitors include companies like InDebted, Growfin and PAIR Finance.

Company Details

Ontario Systems provides revenue cycle management and accounts receivable management solutions for the healthcare and outsourced accounts receivable management industries.. Agencies can automate follow-up segmentation and distribution for internal review. It helps holistic financial management with electronic payment processing, client/vendor statements and invoices and historical transaction auditing.

Website: www.ontariosystems.com
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Email ID: *****@ontariosystems.com

Key Metrics

Founded Year

1980

Location

Muncie, United States

Stage

Acquired

Latest Funding Round

Grant (prize money), 2015, $*****

Ranked

16^th among 213 active competitors

Employee Count

457 as on May 31, 2026

Investment & Acquisitions

Katabat & 5 more

Similar Companies

InDebted & 309 more

Exit Details

Acquired by New Mountain Capital (Aug 22, 2019)

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Ontario Systems got acquired by New Mountain Capital on Aug 22, 2019 at an acquisition amount of $*****.

Click here to take a look at Ontario Systems's acquisition in detail

Ontario Systems has raised funding over 1 round.

Here is the list of recent funding rounds of Ontario Systems:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
2015	4595	Grant (prize money)	7621	1867	7024	5109

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View details of Ontario Systems's funding rounds and investors

The founders of Ontario Systems is Wil Davis.

Here are the details of Ontario Systems' key team members:

Wil Davis: Former Co-Founder of Ontario Systems.

View details of Ontario Systems's Founder profiles and Board Members

Ontario Systems' employee count trend

Ontario Systems has 457 employees as of May 26. Here is Ontario Systems's employee count trend over the years:

Employee count trend for Ontario Systems

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Top competitors of Ontario Systems include InDebted, Growfin and PAIR Finance. Here is the list of Top 10 competitors of Ontario Systems, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	InDebted 2015, Sydney (Australia), Series C	Cloud-based debt collection solutions for businesses	$97.6M	MassMutual Ventures, Perennial & 10 others	65/100
2nd	Growfin 2020, Wilmington (United States), Series A	Provider of accounts receivable automation software designed to accelerate cash flow	$9M	3one4 Capital, SWC	58/100
3rd	PAIR Finance 2016, Berlin (Germany), Acquired	Data-based receivable management system	$7.54M	Zalando, HitFox Group & 7 others	56/100
4th	Axela 2001, Miami (United States), Series A	Account receivable and collection software for financial institutions	$16.8M	Blueprint Equity, FedDev Ontario & 10 others	56/100
5th	Monk 2024, New York City (United States), Series A	Developer of software for automating accounts receivable and payment reconciliation	$29M	Acrew Capital, Footwork & 2 others	53/100
6th	Cevinio 2013, Rotterdam (Netherlands), Acquired	Provider of accounts payable automation software	$5.14M	Endeit Capital, InnovationQuarter & 1 others	51/100
7th	TrueAccord 2013, Lenexa (United States), Series C	Provider of digital-first debt collection and recovery solutions for businesses	$78M	Arbor Ventures, Khosla Ventures & 27 others	50/100
8th	Bectran 2010, Chicago (United States), Unfunded	Cloud platform optimizing order-to-cash lifecycle with AI and automation	-	-	50/100
9th	RocketPay 2022, Bengaluru (India), Seed	Provider of automated payment collection infrastructure for recurring financial transactions	$3.27M	Utsav Somani, Relentless Ventures & 74 others	49/100
10th	YayPay 2015, Boston (United States), Acquired	Cloud-based accounts receivable automation software for businesses	$14.8M	Information Venture Partners, QED Investors ... & 15 others	47/100
16th	Ontario Systems 1980, Muncie (United States), Acquired	Account receivable management solution provider.	-	-	44/100

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Ontario Systems has not made any investments yet. Ontario Systems has made 6 acquisitions.

Here is the list of latest three $acquisitions:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Aug 23, 2021	Acquisition	Katabat	2006	Wilmington (United States)
Feb 23, 2021	Acquisition	Pairity	2017	New York City (United States)
May 19, 2020	Acquisition	SwervePay	2010	Chicago (United States)