About Verituity
Verituity is a company based in Mclean (United States) founded in 2020 by Chris Smith and Ben Turner.. Verituity has raised $29.8 million across 2 funding rounds from investors including Sandbox Industries, Forgepoint Capital and Ardent Venture Partners. Verituity offers products and services including Verituity Payouts Platform. Verituity operates in a competitive market with competitors including Fiserv, Arcus, Volante Tech, Tilled and Infinicept, among others.
- Headquarter Mclean, United States
- Founders Chris Smith, Ben Turner
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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 Verituity, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$29.8 M (USD)
in 2 rounds
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Latest Funding Round
$19.8 M (USD), Series B
Apr 15, 2024
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Investors
Sandbox Industries
& 3 more
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Employee Count
Employee Count
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Products & Services of Verituity
Verituity offers a comprehensive portfolio of products and services, including Verituity Payouts Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables secure verified payouts and intelligent payment choices to reduce fraud.
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Funding Insights of Verituity
Verituity has successfully raised a total of $29.8M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $19.8 million completed in April 2024. 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.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series B — $19.8M
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First Round
First Round
(25 May 2021)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2024 | Amount | Series B - Verituity | Valuation | Sandbox Industries , ForgePoint Capital | |
| May, 2021 | Amount | Series A - Verituity | Valuation | ForgePoint Capital , Ardent Venture Partners |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Verituity
Verituity has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Sandbox Industries, Forgepoint Capital and Ardent Venture Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage US venture capital investments are made by Sandbox Industries.
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Founded Year | Domain | Location | |
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Investments are directed toward early-stage cybersecurity startups.
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Founded Year | Domain | Location | |
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Investments in AI-native apps, vertical SaaS, and B2B fintech across the U.S.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Verituity
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Verituity
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Verituity Comparisons
Competitors of Verituity
Verituity 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 Fiserv, Arcus, Volante Tech, Tilled and Infinicept, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Diversified financial solutions for business processing and management are provided.
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| domain | founded_year | HQ Location |
Payment-as-a-service solutions are delivered to merchants for financial product creation.
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| domain | founded_year | HQ Location |
Payment facilitation and cloud solutions are provided for financial institutions.
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| domain | founded_year | HQ Location |
Payment solutions are facilitated for businesses and merchants.
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| domain | founded_year | HQ Location |
Payment facilitator solutions for merchants
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Verituity
Frequently Asked Questions about Verituity
When was Verituity founded?
Verituity was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Verituity located?
Verituity is headquartered in Mclean, United States. It is registered at Mclean, Virginia, United States.
Who is the current CEO of Verituity?
Ben Turner is the current CEO of Verituity. They have also founded this company.
Is Verituity a funded company?
Verituity is a funded company, having raised a total of $29.8M across 2 funding rounds to date. The company's 1st funding round was a Series A of $10M, raised on May 25, 2021.
What does Verituity do?
Verituity was founded in 2020 and is headquartered in McLean, United States. Operations focus on the fintech sector, where a cloud-based platform is utilized to link banks, payers, and payees for digital payout processing. Modernization tools are supplied for bank treasury services. Identity verification, payment selection options, account validation, and payment orchestration are unified and automated through these services.
Who are the top competitors of Verituity?
Verituity's top competitors include Fiserv, Arcus and Volante Tech.
What products or services does Verituity offer?
Verituity offers Verituity Payouts Platform.
Who are Verituity's investors?
Verituity has 4 investors. Key investors include Sandbox Industries, Forgepoint Capital, Ardent Venture Partners, and MTech Capital.
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