# Verituity

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/verituity

- Industry: Financial Services
- Headquarters: McLean, US
- Website: www.verituity.com
- Total disclosed funding: $29M
- Latest round: Series A (Jun 21, 2024)
- Investors on record: 4

## About

Based in Virginia, US, and founded in 2020 and led by CEO Ben Turner, Verituity LLC operates as a fintech company providing a SaaS-based platform providing verified payouts solutions for the financial industry. In June 2024, Verituity LLC raised USD 18.8 million in series A funding co-led by Sandbox Industries and Forgepoint Capital, with participation from MTech Capital and Ardent Venture Partners. 

Verituity LLC developed a verified payout platform, that allows users to make smart and verified payments for businesses and banks. Its platform connects banks, payers, and payee through a digital intelligent platform that reduces transaction risks and on-time online payments. The company’s process involves various steps includes authenticated payee participation, payee and payer verification, validated payment choice, payment account verification, validated payout orchestration, verified real time status, and many more. As of 2024, the firm serves a variety of industries including banking, insurance, and financial services. 

The company plans to use the funding from June 2024 to accelerate its growth in banking and insurance and its expansion into new markets, including mortgage servicing and energy.

## Funding rounds

- Series A, Jun 21, 2024, $19M — Sandbox Industries, Forgepoint, MTech Capital, Ardent Venture Partners
- Series A, May 25, 2021, $10M — Forgepoint, Ardent Venture Partners

## Investors

- Forgepoint (https://capitalatlas.ai/funds/forgepoint) — Series A
- Ardent Venture Partners (https://capitalatlas.ai/funds/ardent-venture-partners) — Series A
- Sandbox Industries (https://capitalatlas.ai/funds/sandbox-industries) — Series A
- MTech Capital (https://capitalatlas.ai/funds/mtech-capital) — Series A