VPay is a healthcare and insurance payments platform that distributes, administers, and processes virtual and plastic cards, checks, and ACH payments through end-to-end issuing and processing capabilities. Based in Plano, Texas and founded in 2002, the company provides a turn-key total payment solution for insurers across health, property and casualty, workers' compensation, auto, and warranty lines, helping eliminate paper checks, simplify claims reconciliation, and modernize B2B disbursements. VPay was acquired by Optum Financial (a UnitedHealth Group subsidiary) in December 2020 and now operates as part of Optum Financial.
Vpay has been acquired
This company is no longer available on our private secondary market.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2002
Employees
201–500
Total Funding
$76M
1 rounds
Total raised $76M across 1 rounds
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Last updated 05-21-2026
Latest Round
Type
Series C
Date
February 17, 2016
Amount
$76M
Valuation
—
Lead Investors
Andy Roberts
Former CEO (pre-acquisition)
Jeffrey W. Brown
President
Brent Allen
Founder
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Zelis
Healthcare payments optimization and provider payments platform consolidating payments from 550+ payers across check, ACH, virtual cards, and prepaid digital cards.
ECHO Health
Healthcare payment platform processing 300+ million claims and over $60B in payments annually for health plans, dental plans, and TPAs.
Change Healthcare (Optum)
Healthcare technology and payments company providing claims management and provider payment services; acquired by UnitedHealth Group / Optum in 2022.
InstaMed (J.P. Morgan)
Healthcare payments network connecting providers, payers, and consumers for claim payments, ERAs, and patient billing; acquired by J.P. Morgan in 2019.
Waystar
Healthcare payments software platform offering revenue cycle, claims, and payment solutions for providers and payers.
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