Venmo for Private Capital - the only purpose-built financial infrastructure that eliminates the effort, pain, friction, and security risks for GPs and LPs raising and deploying capital.
Verivend solves 3 main problems for the Private Markets:
1. GPs & Investment Sponsors spend countless hours and costly labor manually raising and deploying capital.
2. The status quo of funding capital commitments and receiving distribution payments is a terribly manual process full of friction for Investors/LPs.
3. Exchanging sensitive bank account information adds unnecessary risks and fraud, resulting in an average of $809,000 defrauded from investors EVERY capital call scam.
Solution (product or service)
The only purpose-built payments infrastructure for the private markets. Verivend is its own payments network built from the ground-up (not on top of Stripe, etc.) that makes raising and deploying capital as simple, secure, and seamless as Venmo for GPs and LPs.
Business model
SaaS+
- Annual subscription tiers for GP customers based on $ volume of incoming and outgoing transactions and unique # of LPs
- Interest income from banking partners
