About Vero Technologies
Vero Technologies streamlines the complexities of wholesale financing for all parties involved. Established in the United States, Vero offers a cloud-based platform, VeroOS, designed to simplify and optimize the entire loan lifecycle for inventory financing. Their solutions cater to lenders, suppliers, and dealers of manufactured goods, including industries like auto, powersports, and agricultural equipment.
VeroOS acts as a central hub, automating tasks and fostering communication between all stakeholders. This translates to faster funding approvals, improved risk management for lenders, and a more efficient experience for dealers managing their inventory purchases. By eliminating manual processes and leveraging real-time data, Vero Technologies empowers financial institutions to profitably expand their wholesale financing offerings, while also enabling dealers to secure financing more conveniently.
Rapid Market Entry and Innovation
Vero Technologies faced the daunting challenge of rapidly entering the competitive inventory financing market for dealers of manufactured goods across the United States. Without SBS (ex-Sopra Banking Software), their market entry would have been delayed by 12 to 16 months. SBS enabled Vero to launch within weeks, significantly accelerating their time to market. Vero Technologies’ ambition to create a pioneering tri-party system for asset-based financing required advanced digital capabilities, automation, and connectivity that legacy systems could not provide.
SBS wholesale financing platform, with its cloud-based infrastructure and API connectivity, offered the digital-forward, technology-enabled solutions Vero Technologies needed. This partnership not only facilitated Vero Technologies’ swift market entry but also supported their ongoing platform development and integration of digital audit capabilities. As a result, Vero Technologies was able to compete with and surpass established players with decades of head start, enhancing customer trust and efficiency through innovative digital tools.
“With Sopra Banking behind us, we now are able to build automation from the front end, which is automatically fed into our loan management system with SFPW’s wholesale financing platform”
John Mizzi, co-founder and CEO of Vero Technologies
