Verady, maker of Ledgible, the cryptocurrency accounting and audit platform, announced it closed an investment round led by TTV Capital, an Atlanta-based, early-stage venture capital firm focused exclusively on investing in FinTech companies. The investment in Verady adds to the robust TTV FinTech portfolio.
The round also includes strategic partner Fenbushi Capital as well as Pamela Joseph. Verady will use the investment to further its business operations around its category leading Ledgible platform which enables the accounting, reporting, and verification of crypto assets.
“We believe that Verady’s Ledgible Platform for the accounting, verification and audit of crypto assets is a critically needed resource for the ecosystem and bridges the gap between blockchain assets and traditional financial reporting,” said Sean Banks, partner at TTV Capital.
Verady is continuing to expand integrations of Ledgible to all major accounting platforms. These integrations allow business customers and accounting professionals to leverage the Ledgible platform to account for Bitcoin and other crypto holdings such as stablecoins within their current accounting ecosystems.
“We are focused on providing the best services, tools, and capabilities available to meet the accounting and verification needs surrounding cryptocurrencies and blockchain assets. This strategic investment from TTV further validates our mission and supports our business development goals,” said Verady CEO Kell Canty.
“Having strategic investment from both the cryptocurrency side and the traditional Fin tech industry truly shows the need for the bridge between these two worlds that we have built at Verady,” he added.