Verituity Raises $18.8m To Accelerate Its B2b And B2c Verified Payout Platform

By Author: Orson Amiri
Total Articles: 395
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Verituity, a leading provider of intelligent, verified payouts solutions, has successfully closed an $18.8 million funding round led by Sandbox Industries and Forgepoint Capital, with additional participation from Ardent Venture Partners and MTech Capital. Chris Zock, Managing Partner and Co-CEO of Sandbox Industries, will join Verituity’s board. The funding will accelerate Verituity’s growth in banking and insurance, and support expansion into new markets such as mortgage servicing and energy. This investment will also enhance Verituity’s machine learning and AI models, which are essential to their Zero Trust Payout Verification™ and intelligent payments solutions.

Verituity recently announced a partnership with Mastercard Move to provide a white-label solution for commercial banks, enabling secure, verified, near real-time payments. This collaboration aims to modernize disbursements and remittances, offering more cost-effective alternatives to legacy systems. Chris Zock of Sandbox Industries highlighted Verituity’s innovative approach to integrating verification into payouts, which is transformative for the insurance industry. Don Dixon of Forgepoint Capital emphasized the company’s strategic position at the intersection of verification, intelligent payments, and trust, poised to leverage the digital transformation in disbursements.

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