Verituity, a provider of intelligent payout solutions, raised $18.8 million in funding, led by Sandbox Industries and Forgepoint Capital, with participation from Ardent Venture Partners and MTech Capital. The capital will be used to expand Verituity’s market presence in sectors like banking, insurance, mortgage servicing, and energy, and enhance its AI-powered payout technologies. The funding follows Verituity’s partnership with Mastercard Move to modernize disbursements, facilitating secure, verified, and near real-time payments.
Verituity Raises $18.8M to Accelerate Its B2B and B2C Verified Payout Platform
