Verituity

About Verituity

Verituity is a company that has developed a cloud-based platform to modernize and automate digital payouts. The platform connects banks, payers, and payees, ensuring that payments are accurate, verified, and delivered correctly on the first attempt.

The company's solution unifies and automates identity verification and payment processing, which helps to streamline the payout process. This is particularly valuable for businesses and banks that need to manage large volumes of payments to various recipients. Verituity's platform is designed to be intelligent, with a contextual verification and adaptive policy engine at its core. This allows for more secure and efficient transactions.

The company operates in the financial technology sector, with a focus on treasury services and digital payments. Its primary clients are banks and businesses that are looking to improve their payout systems. By providing a more reliable and transparent process, Verituity helps its clients to enhance their own customer experience and reduce the operational costs associated with payment failures and fraud.

Verituity is headquartered in McLean, Virginia, and has raised a total of $29.8 million in funding over two rounds from four investors, which indicates a strong level of investor confidence in its business model and growth potential.