Verituity
Verituity is a low-code platform that enables banks to offer embedded banking services to clients directly (e.g., e-commerce merchants, gaming companies, insurance companies, etc.), disintermediating fintech companies.
The platform allows banks to increase market share in digital payments and capture more of each transaction margin/fees
HQ: McLean, VA
Founded: 2020
Timeliness
20% of payments shifted online as a result of COVID yielding an opportunity and threat that banks can no longer ignore; Verituity’s platform enables banks to offer embedded banking services quickly and with limited investment
Market Opportunity
According to 11FS, a financial services consulting firm, the embedded finance market is projected to reach $230 billion in revenue in 2023 and $3 trillion in market cap by 2030