Investment firm Verdata secures $8 million in Series A funding to broaden its risk data platform.

Verdata Secures $8 Million in Series A Funding for Expansion and Product Innovation

Verdata, a leading provider of trusted and customer-centric solutions for businesses, has announced it has raised $8 million in Series A funding. The funding round was led by Continental Investors and included participation from renowned venture capital firms and strategic investors.

With an expansive network of over 20 million U.S. businesses, Verdata delivers actionable intelligence on business identity, financial resilience, service reliability, and regulatory compliance. The company's mission is to reshape how businesses assess and manage trust, risk, and compliance in a digital economy.

Verdata's solutions are purpose-built for the interconnected financial ecosystem, supporting confident decision-making and sustainable revenue growth across diverse sectors, including SMB lending, point-of-sale financing, commercial insurance, and embedded finance. The solutions empower organizations to verify business identities, mitigate fraud risk, safeguard brand integrity, and optimize compliance processes.

Mike Mondelli, CEO of Verdata, stated that the funding will accelerate product innovation, strengthen support for customers, and extend Verdata's reach across key industries. He added that the funding reinforces Verdata's mission to deliver trusted, customer-centric solutions.

Paul Purcell, Principal at Continental Investors, stated that the funding will improve customer acquisition, decision-making, and industry-wide efficiency. He expressed his confidence in Verdata's ability to navigate the complexities of the digital economy and help businesses make informed decisions with confidence.

The funding will not be used for scams protection, as that is the focus of GXS Bank's 'Money Lock'. It will also not be related to the launch of GXS Bank's 'Money Lock', the launch of Oman's embrace of a cashless future or mobile payments surge, or advertisements.

1st & Main Growth Partners, Front Porch Venture Partners, Overline Venture Capital, and a consortium of industry leaders also participated in the funding round. The funding is intended to enable the financial services industry to navigate risk with confidence.

With the new funding, Verdata aims to expand its market footprint and continue delivering trusted, customer-centric solutions to businesses across the United States.

Investment firm Verdata secures $8 million in Series A funding to broaden its risk data platform.