About Vero Business Capital
Vero Business Capital is a company based in Memphis (United States) founded in 2016 was acquired by Love's Travel Stops in July 2020.. Vero Business Capital has completed 1 acquisition, including Foley Business Capital. Vero Business Capital offers products and services including Freight Factoring and Love's QuickPay. Vero Business Capital operates in a competitive market with competitors including OTR Solutions, SNAP, Magcloud Digital, Cargo Nerd and Smart Freight Funding, among others.
- Headquarter Memphis, United States
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
Love's Travel Stops
(Jul 02, 2020)
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Products & Services of Vero Business Capital
Vero Business Capital offers a comprehensive portfolio of products and services, including Freight Factoring and Love's QuickPay. 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.
Advances funds on freight invoices for trucking businesses
Platform for quick funding and invoice management services
Funding Insights of Vero Business Capital
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Vero Business Capital
Vero Business Capital has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Love's Travel Stops. 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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Love's Travel Stops is operated as a chain of travel stops and convenience stores.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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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 Vero Business Capital
Vero Business Capital has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Foley Business Capital. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Provider of working capital loans
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1994 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Vero Business Capital
| 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 |
Vero Business Capital Comparisons
Competitors of Vero Business Capital
Vero Business Capital 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 OTR Solutions, SNAP, Magcloud Digital, Cargo Nerd and Smart Freight Funding, 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 |
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| domain | founded_year | HQ Location |
Web-enabled freight factoring solutions are provided for transportation.
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SaaS-based solutions for fleet payment management are delivered.
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| domain | founded_year | HQ Location |
IoT and blockchain-based supply chain solutions are provided.
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| domain | founded_year | HQ Location |
App for factoring companies to integrate credits, loads, invoices, and support tools.
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| domain | founded_year | HQ Location |
Provides factoring and funding for bulk trucking to ensure quick cash flow.
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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 Vero Business Capital
Frequently Asked Questions about Vero Business Capital
When was Vero Business Capital founded?
Vero Business Capital was founded in 2016.
Where is Vero Business Capital located?
Vero Business Capital is headquartered in Memphis, United States. It is registered at Memphis, Tennessee, United States.
What does Vero Business Capital do?
Vero Business Capital was established in 2016 in Memphis, United States, within the financial services sector focused on transportation. Freight factoring solutions are offered to truckers, enabling cash flow access through invoice submissions and fund transfers. Operations include multiple funding choices, fuel discount programs, accounts payable analysis, dedicated funding accounts, and detailed reporting tools to support business management.
Who are the top competitors of Vero Business Capital?
Vero Business Capital's top competitors include SNAP, OTR Solutions and Magcloud Digital.
What products or services does Vero Business Capital offer?
Vero Business Capital offers Freight Factoring and Love's QuickPay.
How many acquisitions has Vero Business Capital made?
Vero Business Capital has made 1 acquisition, including Foley Business Capital.
Who are Vero Business Capital's investors?
Vero Business Capital has 1 investor. Key investors include Love's Travel Stops.