Verituity, a Mclean, VA-based provider of verified payouts solutions, raised $18.8M in funding.
The round was led by Sandbox Industries and Forgepoint Capital with participation from Ardent Venture Partners and MTech Capital. Chris Zock, Managing Partner and Co-CEO of Sandbox Industries, will join Verituity’s board of directors.
The company intends to use the funds to accelerate its growth in banking and insurance and its expansion into new markets, including mortgage servicing and energy.
Led by CEO Ben Turner, Verituity provides a payout platform that enables smart and verified B2B and B2C payout solutions for banks and enterprises. By knowing and verifying every payer, payee, account and transaction and by adding intelligence to every disbursement, the platform minimizes risks, optimizes payout economics and ensures on-time digital payments to the right payee and payment account from the right funding account.
FinSMEs
22/06/2024