Verituity, a McLean, Va.-based verified digital payments platform that connects banks, payers and payees to first-time and on-time digital payouts experiences, closed a $10m Series A funding.
The round was co-led by ForgePoint Capital and Ardent Venture Partners. In conjunction with the funding, Don Dixon, Managing Director at ForgePoint Capital, and Phil Bronner, Co-founder and General Partner at Ardent Venture Partners, will join Verituity’s board of directors.
The company intends to use the funds to expand its go to market efforts and enhance its cloud-based verified digital payout platform.
Led by Ben Turner, CEO and founder, Verituity is a cloud-based platform that connects banks, payers and payees to first-time and on-time digital payouts and pay-by-anything experiences. Its bank-grade platform unifies and automates identity verification, payment choice, payment account verification and verified payment orchestration so payors and payees can make or receive digital payments with confidence.