Verituity, a payment management and fraud prevention platform, has raised USD 18.8 million in funding led by Sandbox Industries and Forgepoint Capital, with participation from Ardent Venture Partners and MTech Capital. Verituity's total funding now stands at USD 28.8 million.
The funds will accelerate Verituity's growth in the banking and insurance sectors, expand into new markets such as mortgage servicing and energy, and further enhance the machine learning and AI models powering its Zero Trust Payout Verification and intelligent payments offerings.
Verituity manages billions of dollars in verified B2B and B2C payouts for banks and businesses.
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