How Lorraine Capital closes deals faster and eliminates surprises with Verivend

Justin Reich, Managing Partner at Lorraine Capital, talks about how deals are closed faster and without surprises with Verivend.

“Verivend has dramatically improved the speed at which we’re able to collect capital from our Limited Partners.”

“The worry that we’re going to have a surprise at the last minute has been eliminated.”

“Verivend has made a huge difference in our ability to focus on our value proposition of buying companies and closing deals.”

Ciminelli Real Estate Corporation Gains Faster Fundraising

When Ciminelli Real Estate Corporation needed to fundraise quickly and efficiently for their most recent investment projects, they used Verivend to get the job done.

“Verivend has allowed for faster funding from investors and provided our firm quick insights into the tracking of funding from each investor.”

Verivend’s end-to-end transparency for every transaction and its real-time notification and reminders kept both Ciminelli and its investors informed and on the same page during the fundraising process.

“Verivend ensures that we are able to raise the capital needed – and quickly – for each of our investment projects.”

“The system is clear and easy to use for our investors, and allows them to provide their funding quickly and securely for our investments.”

Paul F. Ciminelli, President and Chief Executive Officer

How Endeavor Moved SPV Capital With Ease

Utilizing Verivend for their lastest SPV was a fast and seamless experience for Endeavor and their investors.

Within minutes of sending out capital calls, funding already started coming in and Verivend provided our LPs with an easy and streamlined experience wherever they were, on whatever device they were using.

Verivend’s digital wallet offered us a secure method for collecting and storing our SPV’s funds, without having to share our bank information with our LPs, or our LPs having to share their bank information with us.

Verivend was a very simple, easy, fast, and secure way to raise our SPV’s capital with much less time and effort.

Alan Rosenhoch, Managing Director at Endeavor Western NY

Counsel Financial Introduction

Hear from Ryan Kagels, CFO at Counsel Financial, about how Verivend provided their firm with solutions across the spectrum for investor payments, vendor payments, and invoicing clients and customers.

“We have a number of investors in each business and are using Verivend across the spectrum for investor payments, vendor payments, and invoicing clients and customers.”

Counsel Financial – How did you handle capital calls before Verivend?

Ryan Kagels, CFO at Counsel Financial, talks about how capital calls were a nightmare and a tedious process before Verivend, and now within minutes, capital calls can be sent out to all of their investors and funded within the same day.

“Capital calls were a nightmare for us and a tedious process to raise the funds for a specific deal.”

“With Verivend, within minutes we can send out all the capital call requests to our investors, and it’s done within the same day.”

Counsel Financial – How did you handle distributions before Verivend?

Ryan Kagels, CFO at Counsel Financial, talks about how distributions were handled before Verivend, and how the time is now cut down from hours to minutes by using Verivend to manage distribution payments to their investors.

“Before Verivend, we would need to handwrite checks and have to send them to specific mailboxes based on the recipient.”

“Now with Verivend, making distribution payments cut the time down from hours to minutes.”