Vero Technologies Raises $8.5 Million Series A To Make Wholesale Financing A Viable Revenue Stream For Banks
Amount Raised
$8.5 Million
Round Type
Series A
New YorkReal EstateProperty ManagementInvestors
Description
Vero Technologies, a wholesale financing technology and loan servicing platform, today announced the close of its $8.5M Series A funding round. Led by venture capital fund BankTech Ventures, Vero received significant investment from Sopra Steria Ventures and other notable fintech investors including Arcadia Funds, Antler, AAF Management, and the Independent Community Bankers of America. Vero will use the capital to accelerate the growth of its lending-as-a-service (LAAS) offering, giving banks a digital solution for the financial processes that stand in the way of their expansion in the wholesale financing space.
Quick answer
VERO raised $8.5 Million in a Series A round, dated September 20, 2023. Investors: Independent Community Bankers Of America, AAF Management, Antler, Arcadia Funds, Sopra Steria Ventures and Bank Tech Ventures. VERO is based in New York, New York, United States.
- How much did VERO raise?
- VERO raised $8.5 Million in a Series A round on September 20, 2023.
- Who invested in VERO?
- Independent Community Bankers Of America, AAF Management, Antler, Arcadia Funds, Sopra Steria Ventures and Bank Tech Ventures are named as investors in this round.
- What does VERO do?
- Vero Technologies is a leading provider of wholesale financing solutions for dealers across auto, marine, powersports, agricultural equipment, among other verticals of manufactured goods.
- Where is VERO based and how big is it?
- VERO is based in New York, New York, United States.
- Who are the decision-makers at VERO?
- Fundz holds 1 contact at VERO. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Real Estate and Property Management around the same time
Companies in the same sectors as VERO that raised within 45 days of this round, from Fundz verified event records.
- Your.Rentals raised $2.9M (Seed) on October 23, 2023.
- Homely raised an undisclosed amount on August 10, 2023.
- Superhog raised $6.7M (Funding Round) on November 2, 2023.
- Audience Town, Inc. raised $2M (Seed) on October 31, 2023.
- INGENIOUS.BUILD raised $16M on October 25, 2023.
- Smarter Dharma raised an undisclosed amount (Funding Round) on October 19, 2023.
Who to call at VERO, and when
A new round usually means VERO is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day VERO raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at VERO, from your own LinkedIn network
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