Verdata

Verdata is a fintech company based in Richmond, Virginia, specializing in embedded finance and data network services. Founded in 2020, it offers a proprietary commercial data platform that provides businesses with timely and historical insights into payment, service, and regulatory behavior. The company delivers a variety of services to enhance business operations, including data enrichment, marketing insights, underwriting support, and monitoring capabilities. Verdata's data insights are sourced from contributed, licensed, and public data, allowing businesses to make informed decisions and manage risks effectively. It serves sectors such as retail finance, small business lending, merchant acquiring, commercial insurance, and healthcare financing. Verdata has raised $5.25 million in funding, with the latest round being a $3 million seed funding in January 2022. The company focuses on building lasting business relationships by providing actionable insights that support informed decision-making and streamline processes across the embedded financial ecosystem.