VeriFee
VeriFee is a fintech company that specializes in reducing hidden credit card processing fees for businesses without requiring them to change their payment processors or hardware. Using AI-driven analysis, VeriFee decodes complex processing statements to identify savings opportunities, followed by expert negotiation to secure better terms. They also provide ongoing monitoring to protect savings and ensure transparency in payment processing fees. VeriFee operates on a success-based business model, sharing savings with clients, and serves over 320 clients with $7 billion in transactions consulted and $10 million in savings achieved. Their services span multiple industries including retail, healthcare, manufacturing, and more, positioning them as a leader in payment processing cost reduction and financial fairness.
VeriFee
VeriFee is a fintech company that specializes in reducing hidden credit card processing fees for businesses without requiring them to change their payment processors or hardware. Using AI-driven analysis, VeriFee decodes complex processing statements to identify savings opportunities, followed by expert negotiation to secure better terms. They also provide ongoing monitoring to protect savings and ensure transparency in payment processing fees. VeriFee operates on a success-based business model, sharing savings with clients, and serves over 320 clients with $7 billion in transactions consulted and $10 million in savings achieved. Their services span multiple industries including retail, healthcare, manufacturing, and more, positioning them as a leader in payment processing cost reduction and financial fairness.
TL;DR
Core offering: AI-driven analysis + negotiation to reduce hidden credit-card and vendor fees without changing processors or hardware
Business model: Contingency / savings-split (success-based)
Headquarters: North Miami Beach, Florida
Scale metrics: Serves 320+ clients; consulted on $7B in transactions; $10M savings achieved
Recent financing: Seed round announced Jan 1, 2025; investor listed as BDev Ventures
Company Overview
Problem Domain
Payment processing fee opacity and vendor fee overcharges
Founded
2016
Industry
Fintech
Funding Track Record
Seed round announced Jan 1, 2025