Vervent

Vervent

Capital markets services and document management

About Vervent

Simplify's Rating
Why Vervent is rated
B-
Rated A on Competitive Edge
Rated B on Growth Potential
Rated D+ on Rating Differentiation

Industries

Fintech

Financial Services

Company Size

201-500

Company Stage

Debt Financing

Total Funding

$180M

Headquarters

San Diego, California

Founded

1986

Overview

Vervent provides capital markets services and primary servicing within the financial services industry. The company offers a range of solutions including application processing, document storage, and compliance management, aimed at helping financial institutions, investors, and businesses manage their financial operations efficiently. Vervent's services are designed to ensure high security and compliance standards for critical document management, maintaining the authenticity of documents and the integrity of content. What sets Vervent apart from its competitors is its rapid execution and deep industry knowledge, which allows it to excel in complex service environments. The company's goal is to be a reliable partner for businesses, enabling them to grow and respond swiftly to customer needs.

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Simplify's Take

What believers are saying

  • Vervent's acquisition of First Equity Card expands its credit card business.
  • The $180M financing deal supports growth in credit card programs.
  • Acquisition of Smiles on Demand enhances operational efficiency and customer service.

What critics are saying

  • Class action lawsuit could lead to financial liabilities and reputational damage.
  • Managing offshore operations may pose cultural and regulatory challenges.
  • Credit card business expansion increases exposure to credit risk in volatile conditions.

What makes Vervent unique

  • Vervent offers comprehensive capital markets and primary servicing solutions.
  • The company excels in secure document management and compliance services.
  • Vervent's rapid execution and industry expertise set it apart from competitors.

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Funding

Total Funding

$180M

Above

Industry Average

Funded Over

1 Rounds

Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Debt Funding Comparison
Coming Soon

Benefits

Health Insurance

401(k) Retirement Plan

401(k) Company Match

Wellness Program

Pet Insurance

Hybrid Work Options

Company News

Global Banking and Finance Review
Feb 6th, 2025
Vervent's Calculation Agent Services Delivers Best-in Class Technology with Structured Finance Expertise

Vervent, an industry-leading Backup Servicer, recently launched Vervent eVault and has further expanded its suite of Capital Markets Services to include Calculation Agent Services.

San Diego Business Journal
Jan 22nd, 2024
Vervent Secures $180M Financing - San Diego Business Journal

SAN DIEGO – Sorrento Valley fintech institution Vervent has struck a deal to receive $180 million in funding from global investment firm Castlelake L.P. to finance origination for its credit card programs. Castlelake – which manages $22 billion in real assets, specialty finance and aviation assets – will help support Vervent’s Revvi, Total Card and […]

Yahoo Finance
Oct 3rd, 2023
San Diego Business Journal Recognizes Vervent's Jannet Zamora as a Top Latino Leader of Influence

San Diego Business Journal recognizes Vervent's Jannet Zamora as a top Latino leader of Influence.

Law360
Apr 21st, 2023
Loan Servicer Must Face Action By Ex-ITT Student Borrowers

A putative class action against loan servicer Vervent Inc. over an alleged predatory lending scheme on behalf of ITT Education Services Inc. will go to trial, a California federal judge has ruled, saying evidence recently produced by the servicer is insufficient to prove it complied with the law. . . .

Outsource Accelerator
Feb 14th, 2023
Vervent acquires Smiles on Demand - Outsource Accelerator

SAN DIEGO, CALIFORNIA — U.S.-based customer service provider Vervent has acquired Smiles on Demand, a Philippine business process outsourcing (BPO) […]

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