Venminder, an Elizabethtown, Kentucky-based credit union and bank vendor management software and services firm, completed a $4m Series B financing round.
The round was led by Bain Capital Ventures.
The company will use the funds to continue development of its vendor management software platform as well to expand its team.
Led by Dana Bowers, CEO and Founder, Venminder provides a suite of credit union and bank vendor management SaaS based software and services to assess, monitor and manage third-party vendor risks.
The solution guides a user through critical processes such as risk assessments, due diligence requirements and task management and allows them to organize, track, and report findings to Senior Management, the Board of Directors and, the examining bodies.