Verrency

Verrency is a global payments innovator that has a mission to put financial institutions back at the centre of the innovation.

Verrency provides world-leading enterprise-grade payments services for card issuers, merchant issuers, processors, and other digital financial services institutions.

Verrency was founded in Mid 2016 by David Link. The company is based in Melbourne, Victoria, with offices in Singapore, USA and UK and are expanding further into Europe and Asia.

Verrency is a scheme-agnostic, white-label, "payments-innovation-as-a-service" that helps card issuers acquire new customers and increase their share-of-wallet of existing customers while also significantly increasing security, control, and IoT connectibility.

Verrency's fully PCI certified, API platform and services marketplace enable you to deliver cutting-edge fintech innovation without replacing your existing payments infrastructure. One connection.

 

Verrency works behind the scenes to enable an ever-increasing range of value-added services for an issuer's customers quickly and easily without major changes to existing payments infrastructure or the need to integrate to point-of-sale systems. The company is currently working with some of the world’s largest banks, card issuers and payment processors to bring these new capabilities to their customers.

 

Verrency is backed by Alium Capital, Plug and Play Accelerator along with other undisclosed participants. The company raised A$10M ($7M) in its most recent "Series A" financing on Jun 10, 2019. This brings Verrency's total funding to A$20M ($15M) to-date.

 

Verrency is a recognized leader in payments innovation They were the "Finalist, UK Payment Awards, 2017"; "Finalist, Fintech Startup of the Year, UK and EMEA FSTech awards 2018" "Winner, Excellence in Innovation; Excellence in Payments/Commerce, Media Excellence Awards 2019".

 

 

  • Year founded: 2016
  • Funding Info: A$20M ($15M) over 3 Round of Fundings (Last Funding Type: Series A)
  • Yearly Revenue: $2M-$5M (2018)
  • Employee Size: 11-50
  • Business Valuation: NA
  • City/Town: Melbourne
  • State: Victoria
  • Country: Australia
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