Verrency provides a patented API platform that allows banks and card issuers to deliver products and services like auto-rounding, real-time budgeting notifications and instant loyalty rewards without replacing legacy infrastructure. The company also operates a marketplace feature that connects banks to an ecosystem of over 30 partners, including Aimia, DriveWealth, GoodWorld and RaizInvest. Led by founder and CEO David Link, Verrency has signed agreements with partners such as Volt (Australia’s first retail-focused neobank), Colombia’s Banco Davivienda and UAE-based Emirates. The company intends to use the new funds to continue global growth, increase R&D and bolster its sales team. Verrency has now raised over AUD $20m in total funding to date.

Total raised

$7M

Funding rounds

1

Latest round

Series A

Latest activity

Jun 2019