Verivend provides a purpose-built payments platform for private capital markets, enabling investment sponsors and investors to move funds securely and efficiently. The platform streamlines capital calls, distributions, and investor management, eliminating manual administrative burdens. This allows General Partners to focus on deal flow while offering Limited Partners a frictionless payment experience.
Funding
$4.2M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
General partners (GPs) and limited partners (LPs) in private capital markets face delays and administrative burdens when executing capital calls and distributions using traditional payment methods like checks and wire transfers. These manual processes are slow, prone to errors, and lack real-time visibility, hindering efficient fund management.
Solution
Verivend is a payments platform designed specifically for private capital markets, enabling GPs and LPs to execute capital calls and distributions rapidly. The platform provides a secure, one-click payment experience and real-time updates, streamlining transactions and reducing administrative overhead. By offering a centralized portal and automated workflows, Verivend enhances efficiency and transparency for investment funds, allowing GPs to focus on deal flow and investor relations. The platform also includes Verivend Vault, providing instant access to funds.
Target Audience
Verivend primarily serves general partners (GPs) across venture capital, private equity, real estate, and private credit, as well as the limited partners (LPs) who invest in these funds.
Features
- One-click capital calls and distributions for LPs
- Real-time transaction updates and reporting
- Secure, encrypted payment processing
- Centralized portal for managing investments
- Automated workflows for capital raising and deployment
- Integration with existing fund administration systems
- Verivend Vault for instant access to funds
- No transaction limits