Reston, VA – According to filings with the U.S. Securities and Exchange Commission, Verituity is raising $9,999,996.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Ben Turner played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Verituity

Headquartered in McLean, Va., Verituity is a powerful cloud-based platform that modernizes a banks treasury services and connects banks, payers and payees to first-time and on-time digital payouts and pay by anything experiences. Verituity’s bank grade platform place verification at the core of digital payouts by seamlessly unifying and automating identity verification, payment choice, payment account verification and verified payment orchestration so payors and payees can make or receive digital payments with confidence. The rapid growth of digital payouts, the growing demand for payment choice and increasing competition from FinTech’s are disrupting bank’s traditional business models. To combat this disruption, banks can implement VERITUITY’s low-code verified digital payment platform that powers first-time and on-time payouts and pay by anything experiences. First-time and on-time digital payouts mean payors frictionlessly complete payouts on the first attempt and payees receive their funds when and how they expect. By connecting VERITUITY’s platform to their payment services, banks create unique digital payout solutions for their business clients that provide payment choice, identity verification, account validation and end to end visibility.

To learn more about Verituity, visit http://verituity.com/

Contact:
Ben Turner, Chief Executive Officer
301-204-1765
https://www.linkedin.com/in/turnerb/

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