FundedIQ
Financial Services

Verivend: Funding, Investors & Team (Sep 2026)

Verivend connects businesses to reduce friction and risks inherent in Accounts Payable and Accounts Receivable with verified reputations, real-time messaging, dispute resolution, and a trusted network of buyers and suppliers. In addition to getting paid faster through Verivend’s trusted invoicing system, your business immediately gains the ability to administer RFPs, quotes and POs and transact with all of your customers and vendors. With Verivend, businesses can eliminate manual reconciliation processes to gain: Greater cashflow clarity and predictability with same-day, next-day, and instant payments with low fees and incentives. A completely electronic transaction solution, with accounting software integration and seamless reconciliation. Insight into customer transaction histories with payment ratings and reputations. Access to a wide network of reputable businesses within the Verivend directory making it easier to grow new and stronger relationships. Security through proactive fraud detection, prevention and risk analytics monitored across numerous data points before, during and after each transaction. Get paid faster, get rewarded for paying on time, and reduce the resources and stress involved with traditional invoicing processes with invoice innovation through Verivend.

www.verivend.com LinkedIn Buffalo, United States 1-10 employees
B2B FinTech Software
Total raised
$2.5M
Rounds
1
Latest
Seed
Oct 2021

Verivend has raised $2.5M across 1 funding round on record, the most recent a Seed of $2.5M announced in Oct 2021.

That round is below the $14M median round size for Financial Services companies tracked on FundedIQ over the last two years.

Verivend Company Profile and Key Stats

Total funding raised
$2.5M
across 1 round on record
Funding rounds on record
1
Latest funding round
Seed
$2.5M in Oct 2021
Employees
1-10
reported band
Headquarters
Buffalo, United States

Latest funding round on record: Oct 2021.

Verivend Funding Rounds

Date
Round
Amount
Seed
$2.5M

Verivend Founders and Leadership Team

Name
Role
Contact
Rodney Reisdorf
CEO

No contact details are on record for this team yet.

Verivend Funding Compared to Other Financial Services Startups

Segment
Companies
Median round
29,722
$7.5M
16,485
$3.1M

Verivend's latest round of $2.5M is below the median round in Financial Services. Medians cover the last 24 months of disclosed rounds.

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Verivend Funding FAQs

What does Verivend do?

Verivend connects businesses to reduce friction and risks inherent in Accounts Payable and Accounts Receivable with verified reputations, real-time messaging, dispute resolution, and a trusted network of buyers and suppliers. In addition to getting paid faster through Verivend’s trusted invoicing system, your business immediately gains the ability to administer RFPs, quotes and POs and transact with all of your customers and vendors. With Verivend, businesses can eliminate manual reconciliation processes to gain: Greater cashflow clarity and predictability with same-day, next-day, and instant payments with low fees and incentives. A completely electronic transaction solution, with accounting software integration and seamless reconciliation. Insight into customer transaction histories with payment ratings and reputations. Access to a wide network of reputable businesses within the Verivend directory making it easier to grow new and stronger relationships. Security through proactive fraud detection, prevention and risk analytics monitored across numerous data points before, during and after each transaction. Get paid faster, get rewarded for paying on time, and reduce the resources and stress involved with traditional invoicing processes with invoice innovation through Verivend.

How much funding has Verivend raised?

Verivend has raised $2.5M across 1 round on record. The most recent is a Seed of $2.5M announced in Oct 2021.

When did Verivend last raise funding?

Verivend's most recent funding round on record is a Seed of $2.5M, announced in Oct 2021.

Who is the CEO of Verivend?

Rodney Reisdorf is listed as CEO at Verivend.

Where is Verivend headquartered?

Verivend is based in Buffalo, New York, United States.

How many employees does Verivend have?

Verivend is in the 1-10 employee band.

How does Verivend's funding compare to other Financial Services startups?

Verivend's latest round of $2.5M is below the $14M median round size for Financial Services companies on FundedIQ across 5,745 tracked companies over the last two years.

About FundedIQ's Verivend Funding Data

FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.

Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Verivend is left off this page rather than filled in.

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