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Verituity Raises $18.8M for Expansion and Partners with Mastercard Move for Modernizing Disbursements

Jun 29, 2024•almost 2 years ago

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.

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