Verituity is a technology company.
Verituity has raised $30.0M across 2 funding rounds.
Key people at Verituity.
Verituity has raised $30.0M in total across 2 funding rounds.
Verituity is a technology company that provides a digital payments platform focused on delivering first-time and on-time verified payouts for banks, insurance companies, and businesses across various industries. Its platform leverages a proprietary Zero Trust Payout Verification™ technology to validate payee and account information in real-time, significantly reducing payment fraud, errors, and remediation costs. Verituity enhances user satisfaction by offering dynamic payment choices, allowing payees to select from multiple payout methods such as ACH, Wire, Zelle®, RTP®, push to debit, virtual card, and check. This automation streamlines payout processes, lowers operational costs, and modernizes treasury services for its clients[1][2][5].
Founded in 2020 and headquartered in McLean, Virginia, Verituity was established by a team of seasoned executives with decades of experience in payouts, banking, technology, and security. The leadership includes CEO Ben Turner, COO Chris Smith, and Chief Product Officer Anthony Renzette, all bringing extensive backgrounds in digital product innovation and operational excellence from top financial and tech firms. The company emerged to address the widespread challenges of payment fraud, errors, and inefficiencies in legacy payout systems, aiming to transform payouts from costly transactions into new sources of value for banks, payers, and payees[2][3][4].
Verituity rides the growing trend of digital transformation in financial services, particularly the modernization of treasury and payout operations. As businesses and banks seek faster, safer, and more flexible payment solutions, Verituity’s platform addresses critical market demands for verified, fraud-resistant payouts with real-time payment choice. The timing is favorable due to increasing regulatory scrutiny on payment security, rising customer expectations for payment speed and convenience, and the proliferation of diverse digital payment rails. By enabling seamless integration of multiple payment methods and reducing payout failures, Verituity influences the broader ecosystem by setting new standards for payout accuracy, efficiency, and user experience[1][2][5].
Verituity is poised for accelerated growth, supported by over $28 million in funding and strategic partnerships with investors like Forgepoint Capital and Sandbox Industries. The company’s focus on verified payouts and intelligent payment choice aligns with ongoing fintech trends emphasizing security, automation, and customer-centric payment experiences. Future developments may include deeper integration with global payment networks, expansion into new verticals, and enhanced AI-driven payment intelligence. As digital payouts become a critical competitive differentiator, Verituity’s influence is likely to expand, helping reshape how banks and businesses manage and deliver payouts worldwide[3][4][5].
Key people at Verituity.
Verituity has raised $30.0M in total across 2 funding rounds.
Verituity's investors include Ardent Venture Partners, Forgepoint Capital, Sandbox Industries, Teamworthy Ventures.
Verituity has raised $30.0M across 2 funding rounds. Most recently, it raised $20.0M Series B in June 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jun 1, 2024 | $20.0M Series B | Ardent Venture Partners, Forgepoint Capital, Sandbox Industries | |
| May 1, 2021 | $10.0M Series A | Ardent Venture Partners, Forgepoint Capital, Sandbox Industries, Teamworthy Ventures |
