# Versana

> Versana connects agent banks, institutional lenders and service providers through a centralized platform that captures and standardizes loan data directly from agents’ servicing ledgers. Its products support portfolio visibility, position reconciliation and amendment voting across broadly syndicated loans and private credit.

- **Founded:** 2021
- **Headquarters:** New York, United States
- **Founders:** Cynthia E. Sachs (Founding CEO and board member)
- **Products:** Versana Digital Data Platform, Versana Reconciliation Module, Cashless roll capability, Letters of credit data, Versana Loan Voting
- **Notable:** Platform launched in December 2022., J.P. Morgan reported straight-through processing on Versana in June 2024., Bain Capital Credit joined as a subscriber and early reconciliation adopter in January 2025.

## Products & services

- **Versana Digital Data Platform** — Permissioned, centralized loan data sourced directly from agent servicing ledgers, normalized for UI and API access. Includes positions, cash flows, contracts and transaction history.
- **Versana Reconciliation Module** — Add-on that electronically matches lender positions against agent records at a chosen point in time and identifies transaction notices behind discrepancies.
- **Cashless roll capability** — Connects original facility cash flows and settled trades to subsequent amended facilities; J.P. Morgan was the first agent adopter.
- **Letters of credit data** — Trade and standby letter-of-credit details added to the platform, initially contributed by three issuing banks.
- **Versana Loan Voting** — Digital amendment workflow with agent-sourced lender positions, response tracking, automated reminders and voting across fund entities.

## Achievements

- Platform launched in December 2022.
- J.P. Morgan reported straight-through processing on Versana in June 2024.
- Bain Capital Credit joined as a subscriber and early reconciliation adopter in January 2025.
- Reported over 11,000 covered facilities and $4.8 trillion in active commitments in October 2026.

## Latest updates

- **2026-10** — Announced Allvue integration on October 20.
- **2026-10** — Launched Versana Loan Voting on October 5 with five agent-bank subscribers.
- **2026-08** — Appointed Paul Gallant chief product officer.
- **2026-07** — Barclays’ U.S. agented BSL deals went live.
- **2026-05** — Added trade and standby letters of credit data.
- **2026-04** — Closed $43 million capital raise led by BNP Paribas.

## Links

- Website: https://versana.io/
- LinkedIn: https://www.linkedin.com/company/versanatech/
- Twitter/X: https://twitter.com/VersanaTech

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Profile page: https://yespress.io/versana
Published by YesPress — https://yespress.io
Last updated: 2026-10-27