Trusted byOracleSnowflakeCloudflareLinkedInGoogleSalesforce★★★★★4.8/5 on G2
Verituity Raises $18.8M for Expansion and Partners with Mastercard Move for Modernizing Disbursements
Jun 29, 2024
Contract Type
partnership
McleanInformation Technology
Description
Verituity has successfully closed an $18.8 million funding round led by Sandbox Industries and Forgepoint Capital, with the participation of other investors. This capital infusion will accelerate the company’s growth in banking and insurance and facilitate its expansion into new markets, including mortgage servicing and energy. Additionally, the company has announced a partnership with Mastercard Move to modernize disbursements and remittances, offering a white-label solution for commercial banks and payers.
Company Information
Company
Verituity
Location
1320 Old Chain Bridge Road
Mclean, Virginia, United States
About
Verituity is on a mission to solve today’s B2B and B2C payout challenges for businesses and banks by embedding intelligent trust into every payment. Simply put, intelligent trust allows businesses and banks to trust they are using the right funding account and paying the right payee and payment account on-time, every time. With a laser focus on knowing, verifying and understanding every payee, account, relationship and payment, our verified digital payout platform leverages intelligent trust to help businesses and banks mitigate fraud and errors, minimize checks and deliver on-time, verified B2B and B2C payments.
McleanInformation Technology