Verrency
Melbourne, Victoria, Australia
How Verrency hit $1.2M revenue with a 20 person team in 2023.
Provider of a white-label, cloud-based, payments innovation-as-a-service intended to deliver payment capabilities, fast and cost effectively. The company's open-API platform service facilitates card issuers, merchant issuers, processors and other digital financial services institutions to easily manage payment devices and virtual cards and easily connect to third-party financial services, enabling consumers to receive increased security, control, and choice and to easily pay anywhere using different funding sources.
2016
Founded
$1.2M
2023 Revenue
-3.8%
YOY
$20.5M
Funding
Verrency Revenue
In 2023, Verrency revenue run rate hit $1.2M in revenue.
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2023
Verrency hit $1.2M in revenue in 2023
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2021
Verrency hit $1.3M in revenue in 2021
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2016
Verrency launched in 2016 with $0 revenue
Verrency Funding History
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2019
Verrency raised a of in June, 2019
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2017
Verrency raised a of in December, 2017
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2017
Verrency raised a of in October, 2017
| FUNDING DATE | ROUND | AMOUNT | VALUATION |
|---|---|---|---|
| June, 11 2019 | |||
| December, 15 2017 | |||
| October, 24 2017 |
Team
Verrency has 20 total employees and 8 sales reps that carry a quota. an engineering team of 17 and a marketing team of 14.
| DISTRIBUTION | QTY |
|---|---|
| Total team size | 20 |
| Engineer | 17 (85%) |
| Sales | 8 (40%) |
| Marketing | 14 (70%) |
Founder / CEO
David Link
David Link is a payments and banking innovator with nearly three decades’ experience in the Financial Services industry. David spent 26 years in various leadership positions internationally with Accenture, including Managing Director in Accenture’s Financial Services practice. Through his extensive knowledge of the finance space, David recognises the need for growth and innovation in payments. Taking this to market, David founded Verrency, a global fintech company that provides ‘innovation-as-a-service’, enabling issuers to deliver the latest payment capabilities fast and cost effectively through their existing payments infrastructure. By giving its consumers unprecedented flexibility and control over how they pay, Verrency’s cutting-edge features drive growth and increase customer satisfaction. Verrency also enables innovation across the payments ecosystem, providing fintechs and other innovative payment services the ability to be easily connected and distributed through issuers at scale. In addition, David serves as an Honorary Fellow within the Faculty of Business and Economics at the prestigious University of Melbourne, as the Chair of the Australian Centre for Financial studies ‘Funding Australia’s Future IV’ and sits on a number of boards and advisory boards. SPECIALITIES ♦ Digital transformation & innovation, particularly in the FinTech space ♦ Large scale business transformation ♦ Payments innovation & transformation ♦ Global expansion & business growth ♦ Banking & insurance industries ♦ Global & Asian financial landscape ♦ Leading large programs/organisations ♦ Managing complex programs ♦ Negotiating & managing complex contracts ♦ Post-merger integration ♦ Application & business process outsourcing ♦ Change management
Q&A
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What's your age?
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Favorite online tool?
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Favorite book?
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Favorite CEO?
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Advice for 20 year old self
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Customers
Churn
Verrency Executives
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| David Link | CEO | - | - |
Verrency Employees
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| David Link | CEO | - | - |
Frequently Asked Questions about Verrency
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When was Verrency founded?
Verrency was founded in 2016.
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How much revenue does Verrency generate?
Verrency generates $1.2M in revenue.
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Who is the CEO of Verrency
The CEO of Verrency is David Link.
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How much funding does Verrency have?
Verrency raised $20.5M.
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How many employees does Verrency have?
Verrency has 20 employees.
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Where is Verrency headquarters?
Verrency is headquartered at Melbourne, Victoria, Australia
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