What is Verient?
Verient specializes in transforming non-revenue producing payments into revenue-rich credit card transactions through its e-Payable TM and SpendControl TM products. These solutions are offered by financial institutions to their treasury and commercial card clients across various business sizes, aiming to enhance revenue streams and mitigate fraud losses. The company's InfiniPAYTM platform is a key component, featuring deep integration with TSYS commercial platforms and operating directly within the electronic payment transaction flow. This integration allows for conditional testing and modification of authorization data, ensuring compliance with stringent banking industry regulations and PCI certification.
How much funding has Verient raised?
Verient has raised a total of $8.2M across 3 funding rounds:
Series A
$1.5M
Other Financing Round
$750K
Other Financing Round
$6M
Series A (2008): $1.5M with participation from DoCoMo Capital and Global Catalyst Partners
Other Financing Round (2008): $750K led by John McCoy
Other Financing Round (2012): $6M supported by Global Catalyst Partners
Key Investors in Verient
Global Catalyst Partners
Global Catalyst Partners is an investment banking firm based in Palo Alto, California, known for its involvement in the financial technology sector.
DoCoMo Capital
DoCoMo Capital operates within the Telephony & Wireless industry, suggesting a strategic interest in technology-driven financial solutions.
John McCoy
An individual investor who participated in Verient's funding rounds, contributing to the company's capital.
What's next for Verient?
The substantial enterprise-level funding and recent strategic investment indicate Verient is poised for significant scaling and further development of its innovative payment solutions. This capital infusion will likely support expansion into new markets, enhancement of its SaaS offerings, and strengthening of its technological infrastructure. Verient's focus on converting payments into revenue-generating credit card transactions positions it for continued growth in the competitive fintech landscape, particularly as businesses increasingly seek efficient and secure payment processing solutions.
See full Verient company page
