Vera, Back-office administrative and bonding service, is listed in SMBTech 50 for 2024

New York, New York–(Newsfile Corp. – September 5, 2024) – Vera, an AI backend service that aims to reduce the administrative burden on America’s small and midsize businesses, has been named to the 2024 SMBTech 50 list. This annual list, created by Notable Capital in partnership with 25 venture capital firms, recognizes the most promising venture-backed technology startups that are supporting small and midsize businesses.

Today, Vera and other featured companies like Anthropic, Canva, Stripe, and Gusto will celebrate the close of trading on Nasdaq MarketSite by ringing a bell.

“We’re incredibly excited about this announcement, not just because we’ve been recognized, but because it highlights the growing importance of SMBs as a market to be in,” said Simon Holland, founder and CEO of Vera. “We believe SMBs should have access to high-quality services and tools that help level the playing field that has traditionally been available only to enterprises.”

Small and medium-sized businesses are key to the U.S. economy, accounting for 99.9% of all businesses and employing 59 million people, or 46% of the private sector workforce. Yet complex and costly administrative and regulatory burdens continue to challenge these businesses. Vera addresses this challenge head-on, automating up to 95% of tasks typically managed by administrative and operational roles, freeing businesses to allocate more time and resources to strategic development.

“With Vera, our administrative burden has been drastically reduced. Managing licenses and taxes is no longer a problem, and we have peace of mind knowing that we are meeting all government requirements in advance. Now we can focus on activities that drive business growth.” – Alex Marcus, Co-Founder of Mento

About the Company: Vera is an AI-powered back-office service designed to help startups and SMBs manage their business obligations as efficiently as top-tier administrators and operations managers. Using advanced AI techniques, Vera automates most administrative tasks, freeing businesses to focus on growth. Vera recently raised $1.5 million in pre-seed funding led by Village Global, with participation from Seedcamp, Anamcara, Foreword, Visionary Ventures, and angel investors. Anne Dwane of Village Global commented, “At Village Global, we support visionary entrepreneurs who are solving critical problems with innovative technology. Vera’s AI-powered approach to back-office automation directly unlocks growth for SMBs.” To learn more about Vera or to sign up for early access, visit www.hirevera.com.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/222232

SOURCE: Plentisoft