Verituity Raises $18.8M To Accelerate Its B2B And B2C Verified Payout Platform

 


Verituity, a leader in intelligent, verified payout solutions, has closed an $18.8 million funding round led by Sandbox Industries and Forgepoint Capital, with participation from Ardent Venture Partners and MTech Capital. Chris Zock, Managing Partner and Co-CEO of Sandbox Industries, will join Verituity’s board of directors. This capital will accelerate Verituity’s growth in banking and insurance and support its expansion into new markets such as mortgage servicing and energy. The investment also aims to enhance Verituity’s machine learning and AI models that underpin its Zero Trust Payout Verification™ and intelligent payments.

Verituity’s platform facilitates billions of dollars in verified B2B and B2C payouts, empowering businesses and banks to deliver timely and trusted payments. The company recently partnered with Mastercard Move to offer a white-label solution for modernizing disbursements and remittances, enabling secure, near real-time payments. Chris Zock praised Verituity for its innovative approach to embedding verification into payouts, while Don Dixon of Forgepoint Capital highlighted the company’s position at the intersection of verification, intelligent payments, and trust. This strategic funding positions Verituity to capitalize on the rapid digital transformation in disbursements, aiming to eliminate checks and mitigate payout risks.

Read More - https://www.techdogs.com/tech-news/business-wire/verituity-raises-188m-to-accelerate-its-b2b-and-b2c-verified-payout-platform

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