The round was led by Mendon Venture Partners, a venture capital investment and strategic advisory firm focused on the intersection of financial technology companies and traditional banks. Joining Mendon on the cap table are FinCapital, Mendoza Ventures, Service Provider Capital, and Grasshopper Bank.

FiVerity's mission is to fight fraud with the power of collaboration. The FiVerity Anti-Fraud Collaboration platform enables real-time information sharing among financial institutions, data providers, and anti-fraud solutions through the anonymized exchange of fraud intelligence. FiVerity accelerates the detection and prevention of both known and unknown fraud, delivering proactive alerts, transparent risk scoring, and automated fraud classification. Government regulators have recognized FiVerity's unique approach to fighting fraud for its effectiveness and impact in reducing industry-wide fraud.