About Verivend
Verivend is a Technology company based in Buffalo (United States) founded in 2019 by Jonathan Ebel. Cloud-based solutions for accounts receivable and payable management are provided. Verivend has raised $625 thousand across 2 funding rounds from investors including Launch NY and 43North. Verivend offers products and services including Verivend Platform, Verivend Payments API, and Fund Administration. Its focus areas include FinTech, Finance & Accounting Tech, Accounting Solutions and Account Payables & Receivables. Its legal entity is Verivend, Inc. Its competitors include Melio, Lili and Settle; 3 of its 3 listed competitors have raised funding.
Company details
Verivend was founded in 2019 and is based in Buffalo, United States. Cloud-based tools for managing accounts receivable and payable are offered to businesses in the financial software sector. Operations include tracking of receivables and payables, invoice creation, payment matching, cash recovery efforts, cash flow oversight, billing processes, and overall cash management. A business directory is accessible to users for additional networking.
- Headquarters Buffalo, United States
- Founders Jonathan Ebel
- SectorsTechnology
- Website category Finance · Investing
- Email••••••••
- Website verivend.com
- Social LinkedIn X Facebook Instagram
- Legal Name Verivend, Inc.
- Total Equity Funding$625K (USD)
in 2 rounds
- Latest Funding Round$125K (USD), Seed
Mar 2024
- InvestorsLaunch NY
& 1 more
Products & Services of Verivend
Verivend offers a comprehensive portfolio of products and services, including Verivend Platform, Verivend Payments API, and Fund Administration.
Secure platform for private capital transactions and fund management
API for integrating payment solutions in investment processes
Services for managing fund operations and investor relations
Funding Insights of Verivend
Verivend has successfully raised a total of $625K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $125 thousand completed in March 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 $625,000
- Total Rounds 2
- Last Round Seed — $125,000
- First Round $500,000
(Oct 2021)
- Investors Count 2
All 2 funding rounds of Verivend with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
2 investors in total: 2 institutional.
Investors in Verivend
Verivend has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Launch NY and 43North.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Launch NY is focused on supporting high-growth startups in Upstate New York. | launchny.org | Buffalo, United States | ||
Seed-stage investments are targeted by 43North in startups. | 43north.org | Buffalo, United States |
Investor details for Verivend
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People of Verivend
10 people are tracked at Verivend (4 in leadership, 6 in team).
| Name | Role | Group |
|---|---|---|
Jonathan Ebel | Co-Founder | Leadership |
Dan Blasi | Sales Director | Leadership |
Rodney R. Reisdorf | Co-Founder & CEO | Leadership |
Jim Burke | Marketing Director | Leadership |
Rjae Easton | Project Lead Developer | Team |
Mike Zorn | Principal Software Engineer | Team |
Matthew Brautlacht | Principal Engineer | Team |
Ryan Kirkpatrick | Principal Software Engineer | Team |
Auria Fuentes | Customer Success Lead | Team |
Tom Colarusso | Lead Frontend Engineer | Team |
Complete people profiles for Verivend
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Timeline of Verivend
3 dated milestones of Verivend across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Verivend is founded.
- Funding First funding round of $500K.
- Funding Latest funding round, Seed, of $125K.
Competitors of Verivend
Verivend has 3 listed competitors in our database, 3 of them funded. They include Melio, Lili and Settle.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| melio.tech | 2018 | Santa Clara, United States | $4.25M | Blood-based pathogen detection devices are manufactured for healthcare applications. | ||
| lili.co | 2018 | New York, United States | $80M | Digital banking services are offered to freelancers. | ||
| settle.com | 2019 | San Francisco, United States | $91M | Cloud-based cash flow management is provided for payers and vendors. |
Detailed competitors of Verivend
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Web traffic of Verivend
The website of Verivend (verivend.com) receives about 7.3K visits a month and ranks #488,907 among all websites worldwide, #4,947 in Investing.
- Monthly visits7.3K
▼ 82.9% vs previous month
- Unique visitors9.8K
per month
- Global rank#488,907
among all websites
- Category rank#4,947
Finance · Investing
- Bounce rate18%
- Pages per visit8.0
- Average visit3 min 33 sec
- DevicesDesktop 80% · Mobile 20%
Websites whose visitors overlap most with Verivend. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| alphapartners.com | 100% | 11.3K | #2,066,521 | View details | |
| ampliz.com | 60% | #591,599 | View details | ||
| lead411.com | 39% | #185,007 | View details | ||
| alphasophia.com | 26% | 10.3K | #1,273,241 | View details |
Top companies in Finance & Accounting Applications
3 companies that operate in the same segment as Verivend (Finance & Accounting Applications) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Corporate travel and expense management are facilitated through SaaS platform. | 2015 | Palo Alto, California, United States | USD 1.58 B | USD 3.52 M | 847 | |
Financial and accounting software is developed for businesses and individuals. | 1983 | Mountain View, California, United States | USD 49.62 M | USD 21.45 B | 18,200 |
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Related news about Verivend
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Frequently Asked Questions about Verivend
Verivend was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Verivend is headquartered in Buffalo, United States. It is registered at Buffalo, New York, United States.
Verivend is a funded company, having raised a total of $625K across 2 funding rounds to date. The company's 1st funding round was a Seed of $500K, raised on Oct 2021.
Verivend was founded in 2019 and is based in Buffalo, United States. Cloud-based tools for managing accounts receivable and payable are offered to businesses in the financial software sector. Operations include tracking of receivables and payables, invoice creation, payment matching, cash recovery efforts, cash flow oversight, billing processes, and overall cash management. A business directory is accessible to users for additional networking.
Verivend offers Verivend Platform, Verivend Payments API, and Fund Administration.
Verivend operates through Verivend, Inc..