What is Veracity Payment Solutions?
Veracity Payment Solutions Inc. operates within the Credit Cards & Transaction Processing industry, headquartered in Atlanta, Georgia. With a workforce of 250 to 499 employees and an estimated revenue between $25 million and $50 million, the company is a notable player in its field. The recent major strategic investment suggests a phase of scaling or significant operational expansion, leveraging external capital to further its market position in payment processing solutions.
How much funding has Veracity Payment Solutions raised?
Veracity Payment Solutions has raised a total of $80M across 1 funding round:
Debt
$80M
Debt (2012): $80M with participation from Great Hill Partners
Key Investors in Veracity Payment Solutions
Great Hill Partners
Great Hill Partners is a Boston-based private equity firm with a history of investing in growth companies across various technology and financial sectors. Their involvement suggests a focus on scaling and strategic expansion for Veracity Payment Solutions.
What's next for Veracity Payment Solutions?
The substantial enterprise-level funding context for Veracity Payment Solutions indicates a company poised for significant advancement. This strategic backing is likely to fuel further innovation in payment technologies, enhance operational capacity, and potentially expand market reach. Future developments may include strategic partnerships, technological upgrades, or broader market penetration, solidifying its competitive edge in the dynamic fintech landscape.
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