About Vero
Vero is a company based in New York (United States) founded in 2020 by John Mizzi. It operates as a SaaS (Software-as-a-Service), and Managed Services. Vero has raised $8.5 million across 2 funding rounds from investors including Sopra Steria, Independent Community Bankers of America and RevTech Labs. The company has 16 employees as of December 31, 2022. Vero offers products and services including VeroOS Platform, Business Process Outsourcing, Risk Management System, and Title Management System. Vero operates in a competitive market with competitors including AutoFi, CarPay, Vitu, StoneEagle F&I and EvenFlow, among others.
- Headquarter New York, United States
- Employees 16 as on 31 Dec, 2022
- Founders John Mizzi
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Sectors
Financial ServicesTransportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Vero Finance Technologies, 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
$8.5 M (USD)
in 2 rounds
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Latest Funding Round
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Investors
Sopra Steria
& 6 more
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Employee Count
16
as on Dec 31, 2022
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Products & Services of Vero
Vero offers a comprehensive portfolio of products and services, including VeroOS Platform, Business Process Outsourcing, Risk Management System, and Title Management System. 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.
Integrated solution for managing entire lending lifecycle efficiently.
Outsourced lending operations to focus on strategic growth.
Real-time analytics for proactive risk identification and mitigation.
Automated system for title intake, verification, and tracking.
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Funding Insights of Vero
Vero has successfully raised a total of $8.5M across 2 strategic funding rounds. 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 Last Round
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First Round
First Round
(20 Sep 2023)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Nov, 2023 | Amount | Series A - Vero | Valuation | RevTech Labs |
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| Sep, 2023 | Amount | Series A - Vero | Valuation | BankTech Ventures |
| 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
Vero has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Sopra Steria, Independent Community Bankers of America and RevTech Labs. 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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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Loans and credit solutions are provided by Arcadia Funds.
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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 Vero
| 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 - Vero
| 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 |
Vero Comparisons
Competitors of Vero
Vero 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 AutoFi, CarPay, Vitu, StoneEagle F&I and EvenFlow, 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 |
Cloud-based loan management is provided for automobile financing.
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| domain | founded_year | HQ Location |
Loan lifecycle management software is offered for purchase financing.
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| domain | founded_year | HQ Location |
Vehicle registration and titling are facilitated via SaaS platform.
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| domain | founded_year | HQ Location |
F&I management solutions are provided for auto-dealers.
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| domain | founded_year | HQ Location |
Provider of AI-powered finance management solutions for automotive dealerships
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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
Frequently Asked Questions about Vero
When was Vero founded?
Vero was founded in 2020 and raised its 1st funding round 3 years after it was founded.
Where is Vero located?
Vero is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Vero?
John Mizzi is the current CEO of Vero. They have also founded this company.
Is Vero a funded company?
Vero is a funded company, having raised a total of $8.5M across 2 funding rounds to date. The company's 1st funding round was a Series A of $8.5M, raised on Sep 20, 2023.
How many employees does Vero have?
As of Dec 31, 2022, the latest employee count at Vero is 16.
What does Vero do?
Comprehensive asset financing solutions are delivered by Vero through the VeroOS platform, a modular and scalable system for managing the lending lifecycle. Services are extended to banks, captive finance companies, independent lenders, auctions, and OEMs with tailored tools for credit underwriting, title management, and risk monitoring. Business process outsourcing is also offered to streamline operations. Integration with industry-leading tools ensures seamless functionality across ecosystems. The focus is placed on modernizing lending operations and supporting scalable growth in the financial sector.
Who are the top competitors of Vero?
Vero's top competitors include AutoFi, StoneEagle F&I and Vitu.
What products or services does Vero offer?
Vero offers VeroOS Platform, Business Process Outsourcing, Risk Management System, and Title Management System.
Who are Vero's investors?
Vero has 7 investors. Key investors include Sopra Steria, Independent Community Bankers of America, RevTech Labs, BankTech Ventures, and Arcadia Funds.