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Versa

Smart receipts for your business spend

Versa is a merchant-owned network, through which merchants securely send purchase details to buyers. You'll automate government-mandated receipt capture, reduce chargebacks, and grow sales.
Versa
Founded:2022
Team Size:2
Location:New York
Group Partner:Gustaf Alstromer

Active Founders

Ted Power, Founder

Co-founder of Bend (S22), former co-founder of Abacus (W14), formerly Google, Venmo, Foursquare
Ted Power
Ted Power
Versa

Thomas Moore, Founder

Co-founder of Versa (S22), formerly engineering @ Abacus — Brooklyn resident, grown in Redmond
Thomas Moore
Thomas Moore
Versa

Company Launches

tl;dr: B2B companies use Versa to automatically sync sales receipts into your customers’ expense management system. For free. Happier corporate customers == more corporate business for your startup.

The problem

Big companies need receipts for everything they buy (every SaaS bill, every hotel folio, every Uber, every coffee). Because:

  • The IRS requires receipts for every transaction over $75.
  • They need the itemized details to enforce their expense policies.
  • In Europe, companies can reclaim 20% of their spend (VAT)... but only if they have receipts.

But despite this need, no system exists to aggregate this data. Finance teams rely on employees to photograph paper receipts, or forward emailed receipts to their expense management / AP systems. This creates a bunch of employee busywork, and compliance is still far below 100%.

Great tools like Brex streamline every other part of expense management, but not receipts.

Beautiful receipts, synced directly into your business customers’ expense management system. For free.

We built Versa to eliminate this manual process. Your encrypted receipt data is passed directly to your buyers.

We currently have several customers (including many YC companies) using it.

Do you use Stripe for billing?

If so, we have a founder request. We just launched a Stripe app that lets you try out Versa with just a couple of clicks: https://marketplace.stripe.com/apps/versa

Please test it out! It’s completely free, and for most people, it takes < 5min. Having more merchants on Versa helps us tremendously.

Let us know if you have any feedback, or if we can return the favor.

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