About Verinite
Verinite is a company based in Pune (India) founded in 2011 by Ashish Katkar. Verinite has raised $29.9 thousand across 1 funding round from investors including Salil Gokhale. The company has 223 employees as of April 09, 2024. Verinite offers products and services including Consulting Services, Independent Testing, Digitalization Services, and Intelligent Automation. Verinite operates in a competitive market with competitors including Stripe, Razorpay, Flutterwave, PayU and Mintoak, among others.
- Headquarter Pune, India
- Employees 223 as on 09 Apr, 2024
- Founders Ashish Katkar
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Verinite Technologies Private Limited
- Date of Incorporation 01 Jun, 2011
- Jurisdiction Pune, Maharashtra, India
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Annual Revenue
$3.02 M (USD)25.04as on Mar 31, 2023
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Net Profit
$56.96 K (USD)-71.78as on Mar 31, 2023
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EBITDA
$185.27 K (USD)-54.18as on Mar 31, 2023
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Total Equity Funding
$29.9 K (USD)
in 1 rounds
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Latest Funding Round
$29.9 K (USD), Angel Round
Aug 29, 2013
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Investors
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Employee Count
223
as on Apr 09, 2024
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Products & Services of Verinite
Verinite offers a comprehensive portfolio of products and services, including Consulting Services, Independent Testing, Digitalization Services, and Intelligent Automation.
Enables businesses to reimagine future through strategic advice.
Delivers quality assurance for financial applications and systems.
Empowers organizations with digital advancement tools.
Unlocks value through process automation in finance.
People of Verinite
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Funding Insights of Verinite
Verinite has successfully raised a total of $29.9K through 1 strategic funding round. The most recent funding activity was a Angel Round of $29.9 thousand completed in August 2013. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Verinite
Verinite has secured backing from 1 investor, including angel investors. Prominent investors backing the company include Salil Gokhale.
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Investor details for Verinite
Investor domains, locations, round participation, and complete history require an active premium plan.
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Investments & Acquisitions by Verinite
Investment portfolio details for Verinite
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- Transaction dates
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Financial Statements - Verinite
Detailed financials for Verinite
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- Profit trends
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Verinite Comparisons
Peer comparison for Verinite
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Competitors of Verinite
Verinite operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Stripe, Razorpay, Flutterwave, PayU and Mintoak, among others.
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Payment processing and card issuance solutions are provided for businesses.
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Payment and business banking solutions are provided for enterprises.
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Provider of payment processing solutions for businesses
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Online payment processing and credit solutions are provided for businesses.
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Digital payments and engagement solutions are offered for MSMEs.
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Digital payments are processed and managed via specialized solutions.
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Detailed competitors of Verinite
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Latest news on Verinite
Complete news archive for Verinite
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Frequently Asked Questions about Verinite
Verinite was founded in 2011 and raised its 1st funding round 2 years after it was founded.
Verinite is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Ashish Katkar is the current CEO of Verinite. They have also founded this company.
Verinite is a funded company, having raised a total of $29.9K across 1 funding round to date.
As of Apr 09, 2024, the latest employee count at Verinite is 223.
Annual revenue of Verinite is $3.02M as on Mar 31, 2023.
Verinite was established in 2011 in Pune, India, as a provider of digital solutions in the payments and lending sectors. IT services are delivered to finance businesses, with emphasis on cards, payments, and lending operations. Strategic advisory is extended for card management, loyalty programs, risk and fraud detection, portfolio analysis, and product implementation. Operations center around supporting financial institutions through these specialized areas.
Verinite offers Consulting Services, Independent Testing, Digitalization Services, and Intelligent Automation.
Verinite has 1 investor. Key investors include Salil Gokhale.
The valuation of Verinite is $245.15K as of Aug 2013.