Expansion of Verdata's risk data platform funded with $8m Series A investment

Verdata, a leading platform that supports confident decision-making and sustainable revenue growth across various sectors, has announced the successful completion of a Series A funding round. The funding, totalling $8 million, was led by Continental Investors, with participation from 1st & Main Growth Partners, Front Porch Venture Partners, Overline Venture Capital, and a consortium of industry leaders.

The strategic funding will accelerate product innovation at Verdata, strengthen customer support, and extend the company's reach across key industries. Mike Mondelli, CEO of Verdata, expressed his excitement, stating that the funding will enable financial services industries to navigate risk with confidence.

Verdata's platform offers solutions that empower organisations to verify business identities, mitigate fraud risk, safeguard brand integrity, and optimise compliance processes. By delivering actionable intelligence on business identity, financial resilience, service reliability, and regulatory compliance, Verdata is reshaping how businesses assess and manage trust, risk, and compliance in a digital economy.

Paul Purcell, Principal at Continental Investors, highlighted the investment's potential to improve customer acquisition, decision-making, and industry-wide efficiency. The funding will also be used to strengthen Verdata's customer support, ensuring businesses can rely on the platform for accurate and timely information.

With an expansive network of over 20 million U.S. businesses, Verdata is poised to expand its market footprint with the received funding. While the specific industries for expansion have not been specified, the company's platform currently supports sectors like SMB lending, point-of-sale financing, commercial insurance, and embedded finance.

Mondelli reiterated Verdata's mission to deliver trusted, customer-centric solutions, reinforcing the company's purpose to reshape how businesses assess and manage trust, risk, and compliance in a digital economy. As Verdata continues to support confident decision-making and sustainable revenue growth across diverse sectors, the future of the company looks promising.