What is Verituity?
Headquartered in McLean, Virginia, Verituity, founded in 2020, operates a sophisticated cloud-based platform designed to revolutionize bank treasury services. The company's core offering facilitates seamless digital payouts and enables a 'pay-by-anything' capability, bridging the gap between financial institutions, payers, and payees. Verituity's innovative approach addresses critical needs in modernizing treasury operations and enhancing payment experiences within the financial sector.
How much funding has Verituity raised?
Verituity has raised a total of $28.8M across 2 funding rounds:
Series A
$10M
Other Financing Round
$18.8M
Series A (2021): $10M with participation from Ardent Venture Partners and Forgepoint Capital
Other Financing Round (2024): $18.8M led by Sandbox Industries, MTech Capital, and Forgepoint Capital
Key Investors in Verituity
Sandbox Industries
Sandbox Industries is a venture capital fund that invests in consumer technology, food, agriculture, and health care startups. The company was founded in 2011 and is headquartered in Chicago, Illinois.
MTech Capital
MTech Capital is a venture capital firm focused on investing in early-stage companies that are addressing challenges in the insurance and financial services sectors, particularly through the application of AI. The firm partners with founders globally, primarily in North America and Europe, to enhance customer experiences and improve employee productivity.
Forgepoint Capital
ForgePoint Capital is the premier cybersecurity venture fund investing in transformative companies protecting the digital world. The firm is one of the most prolific investors in early and growth stage cybersecurity companies with over 40 global cybersecurity investments.
What's next for Verituity?
The recent major strategic investment signifies a pivotal moment for Verituity, likely enabling accelerated product development, market expansion, and enhanced customer acquisition efforts. This backing from prominent investors suggests strong confidence in Verituity's business model and its potential to capture a significant share of the evolving digital payments and treasury services market. The company is well-positioned to leverage this capital for further innovation and to solidify its standing as a key player in financial technology.
See full Verituity company page
