Vera Equity, a venture capital business that helps early-stage firms by providing them with unique access to talent, revealed today that it has established a $20 million fund and has invested in 20 outstanding fintech startups to date.
Michael Vaughan, former COO of Venmo, Jonathan Pomeranz, True Search partner and co-head of the Financial Services Practice, and True co-CEOs Joe Riggione and Brad Stadler co-founded Vera Equity.
With its initial fund, the team intends to support extraordinary fintech entrepreneurs at the pre-seed and seed phases, providing funding as well as unrivaled fintech skills and operations advice.
Founded by Lamine Zarrad (former co-founder of small business fintech Joust), StellarFi is on a mission to simplify consumer credit building, and Jen Glaspie (former Capital One) founded Tandym to provide private label card programs for online SMBs.
Vera has also worked with successful entrepreneurs from Betterment, Acorns, Vouch Insurance, and Roofstock to help incubate firms.
True, a global network of innovative talent management products and executive search services, is Vera’s anchor investor.
True’s Fintech Practice, which has partners in all of True’s global offices, is led by Vera co-founder Jon Pomeranz.
Mike has extensive experience as a fintech operator, investor, and advisor. Mike’s term as Chief Operating Officer of Venmo saw the platform reach 40 million active users and a $300 million annual revenue run-rate.
Jon is a pioneer in financial services executive search, identifying and recruiting board and senior management teams for the world’s leading fintech startups, founders, and investors.
Jon has grown a team of more than 50 individuals and brought in more than $50 million in revenue since joining True Search in 2018 as a founding member of the fintech practice.
True, a global platform of human capital products and services with offices across the world, was launched by Brad and Joe. They set the company’s strategic direction and manage its subsidiary brands.