Vero Technologies Raises $8.5 Million Series A To Make Wholesale Financing A Viable Revenue Stream For Banks

Vero Technologies, a wholesale financing technology and loan servicing platform, today announced the close of its $8.5M Series A funding round. Led by venture capital fund BankTech Ventures, Vero received significant investment from Sopra Steria Ventures and other notable fintech investors including Arcadia Funds, Antler, AAF Management, and the Independent Community Bankers of America. Vero will use the capital to accelerate the growth of its lending-as-a-service (LAAS) offering, giving banks a digital solution for the financial processes that stand in the way of their expansion in the wholesale financing space.