Verdata is a technology company.
Verdata has raised $3.0M across 1 funding round.
Key people at Verdata.
Verdata has raised $3.0M in total across 1 funding round.
Verdata is a fintech company providing data-driven risk intelligence and business insights for B2B commerce, primarily serving embedded finance providers, SMB lenders, payment processors, medical financiers, and banks.[1][2][5] It builds a proprietary platform with over 20 million U.S. business records, offering services like predictive risk scoring (VRISK), automated monitoring, fraud reduction, compliance management, and partner acquisition tools to solve problems such as incomplete data, manual monitoring, and high-risk partnerships.[1][2][5] Founded in 2020 and headquartered in Richmond, Virginia (with Atlanta ties), Verdata has raised $5.25M in seed funding by 2023 and an $8M Series A in August 2025, led by Continental Investors, signaling strong growth momentum in risk management for sectors like SMB lending, POS financing, commercial insurance, and embedded finance.[1][4][5]
Verdata was founded in 2020 amid rising needs for reliable B2B risk data in fintech, starting as a counterparty intelligence platform for onboarding and managing business partners in finance and payments.[1][2] CEO Mike Mondelli leads the company, emphasizing a shift toward redefining trust in B2B relationships through aggregated commercial data.[4][5] Early traction came via a $3M seed round around 2023 to expand its database and insight platform, including the Complaint Hub for dispute management, building on a proprietary network that grew to 20M+ records.[1][2] By 2025, an $8M Series A accelerated product innovation, reflecting pivotal evolution from basic data enrichment to comprehensive, automated risk solutions.[4][5]
Verdata rides the embedded finance and RegTech wave, where fragmented commercial data hinders B2B growth amid rising fraud, regulatory scrutiny, and partnership demands in fintech.[2][4][5] Its timing aligns with post-2020 fintech expansion and 2025 funding surge, capitalizing on market forces like SMB lending booms, POS financing, and compliance pressures in insurance/payments.[1][4] By aggregating insights across 20M+ businesses, it influences the ecosystem through efficiency gains—improving customer acquisition, decision-making, and industry standards for risk mediation, as noted by investors like Continental.[4][5]
Verdata's $8M Series A positions it for rapid scaling, with funds fueling product enhancements in AI-driven risk tools and deeper penetration into high-growth sectors like embedded finance.[4][5] Trends like real-time compliance automation and B2B data interoperability will propel its platform, potentially expanding beyond U.S. borders or into adjacent verticals like global payments. As counterparty intelligence becomes table stakes for fintech trust, Verdata could evolve into a category leader, unlocking sustained revenue for clients while mitigating ecosystem-wide risks—echoing its core mission to turn incomplete data into confident growth.[2][5]
Verdata has raised $3.0M in total across 1 funding round.
Verdata's investors include Alumni Ventures, Madrona Ventures, Oak HC/FT, Thayer Ventures, Al Goldstein, Arthur Kosten, Scott Hintz, Steve Kaufer.
Key people at Verdata.
Verdata has raised $3.0M across 1 funding round. Most recently, it raised $3.0M Seed in January 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jan 1, 2022 | $3.0M Seed | Alumni Ventures, Madrona Ventures, Oak HC/FT, Thayer Ventures, Al Goldstein, Arthur Kosten, Scott Hintz, Steve Kaufer |