Veriv Takes Rockmont Investment, Names Fox Chair and Schellhorn to Board

Veriv has secured a fresh investment from Rockmont Partners and appointed two financial-verification veterans — Brian Fox and Christopher Schellhorn — to its Board of Directors, as the company pushes its source-verified financial data network into new industries and international markets.

Fox will serve as Board Chair. Schellhorn joins as a board member. The deal also adds a third name to Veriv's cap table: Rockmont Partners now sits alongside existing investors Renvent Holdings and Sunriver Capital Partners. The company didn't disclose the investment amount or structure.

The boardroom reshuffle follows a run of leadership appointments across Veriv's commercial, product, technology, security, and implementation organizations — a signal that management is building out the org before scaling the network itself.

Who are the new board members?

Both hires carry serious credentials from the audit-confirmation world. Fox founded Confirmation.com, an electronic audit confirmation platform that Thomson Reuters acquired in 2019. Schellhorn previously served as Chairman and CEO of Confirmation.com, and before that was President and CEO of VISA Interactive.

In other words, Veriv just stacked its board with the people who already built and sold one verification network.

CEO Sean Dunlea said the additions bring together teams that spent years developing infrastructure for obtaining financial information directly from the institutions holding the underlying data. Dunlea and Tim Portley previously built bankVOD, a company focused on financial verification for consumer, government, mortgage, and quality-control applications.

That lineage matters. Veriv isn't hiring generalists — it's reassembling a founding crew that has done this before, with an exit to show for it.

What does this change for the business?

Veriv operates in more than 70 countries. Its core function: connecting organizations that request financial verification with the financial institutions that actually hold the relevant information.

Two technical details stand out for practitioners:

• Adaptive delivery. Veriv's technology communicates through institutions' existing response channels, so banks don't need to rip out legacy infrastructure to participate. Answers are verified directly at the source.
• API connectivity. The company supports real-time system-to-system exchanges for customers who want verification embedded in their own workflows.

Veriv also offers Model Context Protocol (MCP) capabilities, which let customers connect their own AI agents to Veriv and request verified information while maintaining authorization and access controls.

That last piece is the strategic hinge. As autonomous AI agents take on bigger roles in financial workflows, institutions face an awkward choice: give those systems broad access to internal infrastructure, or find a controlled intermediary. Veriv is positioning itself as the second option — a verified data layer that AI agents can query without wandering through a bank's back end.

Fox framed the stakes directly: "As the systems making those decisions become more intelligent and autonomous, that data layer foundation becomes non-negotiable."

Schellhorn pointed to the expansion logic: "The opportunity now is to bring that same network approach to all financial verifications — one trusted, source-verified connection that reaches institutions wherever they operate."

Dunlea kept it personal: "Joining forces under Veriv is a milestone for all of us, and I'm thrilled to be building the next chapter alongside them."

Why now

The timing lines up with where financial data is heading. Verification used to be a human back-office task — email an accountant, wait for a PDF, reconcile it manually. Veriv's bet is that verification becomes a machine-to-machine function, and that whoever owns the trusted connection between requesting systems and source institutions owns a critical chokepoint in that shift.

For banks and credit unions, the value proposition is control: they respond through channels they already run, with authorization intact. For lenders, auditors, and mortgage originators, it's speed and certainty — answers verified at the source rather than passed through layers of documents.

What does this change for buyers of verification services? Not much yet in terms of pricing or contracts. The real change is directional: with Rockmont's capital and a board that has already scaled and sold one confirmation network, Veriv now has both the money and the management DNA to push beyond its current 70-plus-country footprint into more industries and geographies.

Whether it can replicate the Confirmation.com playbook — build the network, then sell it to a major data platform — is the question the next few quarters will answer.