When was VPay founded?

VPay was founded in 1987 and raised its 1st funding round 29 years after it was founded.

Where is VPay located?

VPay is headquartered in Plano, United States.

How many employees does VPay have?

As of Jul 01, 2024, the latest employee count at VPay is 115.

Is VPay a funded company?

VPay is a funded company, having raised a total of $***** in its 1st and only funding round, a Series C round on Feb 17, 2016.

When was the latest funding round of VPay?

VPay's latest funding was a $***** Series C round on Feb 17, 2016, with participation from 1 investor. Its primary sector is Insurance IT. In United States, the Insurance IT sector has seen $1.02B in funding in 2026 to date.

Where does VPay rank among its competitors?

VPay ranks 7th amongst 22 active competitors, of which 9 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was AdvanceHQ, which secured $4.25M in Jun, 2026.

Who are the top competitors of VPay?

VPay's top competitors include One, Functional Finance and Ascend. Among them, AdvanceHQ secured the most recent funding round in June, 2026.

VPay - 2026 Company Profile, Team, Funding & Competitors

VPay is a series C company based in Plano (United States), founded in 1987 by Brent Allen. It operates as a Payment solutions provider for insurers. VPay has raised $76M in funding from FTV Capital. The company has 22 active competitors, including 9 funded and 1 that has exited. Its top competitors include companies like One, Functional Finance and Ascend.

Company Details

Payment solutions provider for insurers. It offers a turn-key platform that distributes, administers, and processes plastic and virtual cards. It also offers ACH payments via end-to-end issuing and processing capabilities, mobile expedited payment for health plans, merchant services, payment solutions, and more.

Website: vpayusa.com
Email ID: *****@vpayusa.com
Part Of

Key Metrics

Founded Year

1987

Location

Plano, United States

Stage

Series C

Total Funding

$76M in 1 round

Latest Funding Round

Series C, Feb 17, 2016, $*****

Investors

FTV Capital

Ranked

7^th among 22 active competitors

Employee Count

115 as on Jul 01, 2024

Similar Companies

One & 47 more

View VPay's full profile

VPay has raised a total funding of $76M over 1 round. Its latest funding round was a Series C round on Feb 17, 2016 for $*****. 1 investor participated in its latest round. VPay has 1 institutional investor.

Here is the list of recent funding rounds of VPay:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 17, 2016	5005592	Series C	5446886	9287122	2530820	5503851

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View details of VPay's funding rounds and investors

The founders of VPay is Brent Allen.

Here are the details of VPay's key team members:

Brent Allen: Founder of VPay and founder of 1 other company.
Contact Info: 1 email address
Andy Roberts: CEO of VPay.

View details of VPay's Founder profiles and Board Members

VPay's employee count trend

VPay has 115 employees as of Jul 24. Here is VPay's employee count trend over the years:

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Top competitors of VPay include One, Functional Finance and Ascend. Here is the list of Top 10 competitors of VPay, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	One 2012, Folsom (United States), Series B	Provider of digital payment solutions for the insurance industry	$52.2M	AXA Venture Partners, Centana Growth Partners ... & 7 others	62/100
2nd	Functional Finance 2018, Benton (United States), Series A	Provider of a financial operations platform for insurance businesses	$28M	Walkabout Ventures, Altai Ventures & 4 others	60/100
3rd	Ascend 2021, Palo Alto (United States), Series A	Provider of accounting automation platform for insurance retailers, intermediaries, and carriers	$39M	First Round Capital, Index Ventures & 31 others	56/100
4th	ePayPolicy 2014, Austin (United States), Series A	Provider of digital payment solutions for the insurance industry	-	Serent Capital, LLR Partners	53/100
5th	SCIO Health Analytics 2007, West Hartford (United States), Acquired	Provides payment integrity solutions for healthcare organizations	$17.9M	SVB, Saama & 5 others	48/100
6th	InsurePay 2003, Fort Lauderdale (United States), Series B	Cloud-based payroll management solution for businesses	$5M	Aquiline Capital Partners, FINTOP & 1 others	42/100
7th	VPay 1987, Plano (United States), Series C	Payment solutions provider for insurers	$76M	FTV Capital	41/100
8th	AdvanceHQ 2024, New York (United States), Seed	Provider of financial technology for managing insurance premium trust accounts	$12.8M	Newark Venture Partners, Viola Group & 4 others	35/100
9th	InsurPay 2011, Simi Valley (United States), Unfunded	Payment processing solutions	-	-	31/100
10th	Simply Easier Payments 2006, Durham (United States), Seed	Payment solutions for insurance companies	$1.15M	-	31/100