Veriff
Founded Year
2015Stage
Series C | AliveTotal Raised
$192.32MValuation
$0000Last Raised
$100M | 3 yrs agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-34 points in the past 30 days
About Veriff
Veriff develops an artificial intelligence (AI) driven visionary verification platform. It provides AI-powered identity verification solutions for identity fraud prevention, know-your-customer compliance, and fast conversions of valuable customers. It was founded in 2015 and is based in Tallinn, Estonia.
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Veriff's Product Videos
ESPs containing Veriff
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The anti-money laundering (AML) software market helps detect, prevent, and mitigate the risks associated with money laundering and financial crimes. Solutions in this market analyze large volumes of data and identify suspicious activity for further investigation. This allows financial institutions and other regulated entities to monitor transactions, screen customers and counterparties, and conduc…
Veriff named as Challenger among 15 other companies, including NICE, Onfido, and ThetaRay.
Veriff's Products & Differentiators
Identity verification
Veriff is the partner of choice for businesses who need to rapidly and effortlessly verify online users from anywhere in the world, Veriff delivers the widest possible identity document coverage. By supporting government-issued IDs from more than 230 issuing countries and territories and with our intelligent decision engine which analyzes thousands of technological and behavioral variables Veriff enables trust from the first hello.
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Research containing Veriff
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Veriff in 9 CB Insights research briefs, most recently on Mar 14, 2024.
Mar 14, 2024
The retail banking fraud & compliance market map
Jan 4, 2024
The core banking automation market map
Dec 14, 2023
Cross-border payments market map
Expert Collections containing Veriff
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Veriff is included in 7 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
1,244 items
Regtech
1,921 items
Technology that addresses regulatory challenges and facilitates the delivery of compliance requirements. Regulatory technology helps companies and regulators address challenges ranging from compliance (e.g. AML/KYC) automation and improved risk management.
Digital Lending
2,470 items
This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.
Artificial Intelligence
14,769 items
Companies developing artificial intelligence solutions, including cross-industry applications, industry-specific products, and AI infrastructure solutions.
Cybersecurity
9,489 items
These companies protect organizations from digital threats.
Digital ID In Fintech
268 items
For this analysis, we looked at digital ID companies working in or with near-term potential to work in fintech applications. Startups here are enabling fintech companies to verify government documents, authenticate with biometrics, and combat fraudulent logins.
Latest Veriff News
Aug 21, 2024
In central eastern Europe’s young startup ecosystem, early-stage investments make up the vast majority of VC transactions. In 2023, 92% of the 818 deals closed in the region were at pre-seed (611) or seed (144), according to data platform Dealroom. Europe’s economic downturn has hit the region hard — and 2023 saw startups raise less early-stage funding than 2022. In 2022, CEE startups raised €140m in pre-seed funding and €324m in seed funding; in 2023, that dropped to €99.8m at pre-seed and €278m at seed, according to Dealroom. Local investors have been involved in most of those deals, with two Bulgarian VCs — Vitosha Venture Partners and Innovation Capital — doing more deals than any other investors in the region in the past 12 months. Advertisement Using data from Dealroom, Sifted has selected the CEE investors that did the most new (not follow-on) pre-seed and seed deals in the last 12 months. These VCs usually invest in the startups from the region — but sometimes they also do deals in other European countries or in the US (very often backing startups of CEE diaspora founders ). Accelerators were not included. Sifted reached out to every firm to confirm the numbers but not every VC replied. 1/ Vitosha Venture Partners HQ: Sofia Fund focus: Vitosha Venture Partners invests in early-stage and growth stage companies based in, or related to, Bulgaria. It invests between €25k and €1m, and has a €26m fund. Number of new deals in the last 12 months: 49 (confirmed) Investments from the last 12 months: Sofia-based CloudCart, a platform for creating online stores Sofia-based Quendoo, a hotel booking platform 2/ Innovation Capital HQ: Sofia Fund focus: Innovation Capital invests out of a €21.1m fund into early-stage Bulgarian startups from a whole range of sectors, including B2B SaaS, ecommerce, foodtech, healthtech and cybersecurity. It invests between €25k to €1m. Number of new deals in the last 12 months: 37 (unconfirmed) Investments from the last 12 months: Sofia-based DNA report maker EvaGene Sofia-based scooter sharing company Shareascoot 3/ Baltic Sandbox Ventures HQ: Vilnius Fund focus: Baltic Sandbox invests in deeptech, life science and dual-use startups at pre-seed and seed. It can invest across the EU but mostly focuses on the Baltics and “new Nordics”. It’s currently raising a €15m fund , and invests between €20k to €500m. Number of new deals in the last 12 months: 21 (confirmed) Investments from the last 12 months: Vilnius-based Axiology, a startup that develops a blockchain-based tokenised securities depository Tartu, Estonia-based SKYCORP Technologies, which is developing an autonomous hydrogen-powered quadcopter 4/ Metaplanet HQ: Tallinn Fund focus: Metaplanet is the evergreen investment fund of Jaan Tallinn, one of the four founding engineers of Skype. It’s a generalist fund, backing startups at pre-seed, seed and Series A. Its portfolio includes unicorns like Estonia’s identity verification tool Veriff, Finland’s health tracking ring Oura and the UK’s metaverse company Improbable. Number of new deals in the last 12 months: 18 (unconfirmed) Investments from the last 12 months: Tallinn-based Woola, which makes packaging from wool to reduce plastic waste Tallinn-based Beast, an app offering Tesla rentals 5/ SMOK Ventures HQ: Warsaw Fund focus: Polish-American SMOK has a $25m fund to invest in pre-seed and seed stage startups founded in CEE or by its diaspora, writing cheques of $100k-1m. It mostly invests in SaaS, gamedev and AI startups. The number of new deals in the last 12 months: 18 (confirmed) Investments from the last 12 months: San Francisco-headquartered Gemelo.ai, a tool that makes personalised videos for sales teams New York-headquartered 57hours, a platform for travelling adventures 6/ Specialist VC HQ: Tallinn Fund focus: Specialist VC invests in startups from pre-seed stage to Series A in the fields of B2B SaaS, fintech, platforms and deeptech, from the Baltics, Finland and Ukraine. It writes cheques from €250k to €3m from its €50m fund. Specialist VC is an early-backer of some of Estonia’s best-known success stories, such as mobility giant Bolt, Veriff and delivery robot startup Starship Technologies. The number of new deals in the last 12 months: 17 (unconfirmed) Examples of investments from the last 12 months: Tallinn-born DrHouse, a platform for on-demand online doctor visits and medication delivery Harju, Estonia-based dual-use intelligence management software SensusQ 7/ ZAKA VC HQ: Prague Fund focus: Until recently, ZAKA has been operating as a family office — but it’s now in the process of raising its first fund. It invests between €200k-€300k into SaaS, healthtech and biotech companies in the US and the EU. The number of new deals in the last 12 months: 15 (confirmed) Investments from the last 12 months: Prague-based SharpGrid, a data tool for hotel and restaurant industry market research Croatia’s SpectreXR, a startup developing extended reality solutions 8/ DEPO Ventures HQ: Prague Fund focus: DEPO Ventures is an angel network and a sector-agnostic VC focused on pre-seed and seed stage startups from CEE. Until recently DEPO was investing €3m a year, out of a rolling angel fund, writing €100k tickets. That fund is now closed and DEPO is currently raising a new €50m fund to invest over five years. The number of new deals in the last 12 months: 14 (confirmed) Investments from the last 12 months: Krakow, Poland-based Certifier, a digital credential platform Brno, Czech Republic-based Talsec, a mobile security startup 9/ Presto Ventures HQ: Prague Fund focus: Presto Ventures focuses on early-stage B2B software startups and online marketplaces from CEE. It invests from €200k up to €1.5m, from a €30m fund. Advertisement
Veriff Frequently Asked Questions (FAQ)
When was Veriff founded?
Veriff was founded in 2015.
Where is Veriff's headquarters?
Veriff's headquarters is located at 39 Tatari Street, Tallinn.
What is Veriff's latest funding round?
Veriff's latest funding round is Series C.
How much did Veriff raise?
Veriff raised a total of $192.32M.
Who are the investors of Veriff?
Investors of Veriff include Institutional Venture Partners, Accel, Tiger Global Management, Alkeon Capital Management, Mosaic Ventures and 13 more.
Who are Veriff's competitors?
Competitors of Veriff include Onfido, Intelity, Fourthline, Prove Identity, Socure and 7 more.
What products does Veriff offer?
Veriff's products include Identity verification and 4 more.
Who are Veriff's customers?
Customers of Veriff include Wise and blockchain.com.
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Compare Veriff to Competitors
Socure focuses on digital identity verification and fraud prediction, operating within the technology and financial services sectors. The company offers a platform that uses artificial intelligence (AI) and machine learning (ML) to verify identities in real-time, analyzing various elements such as email, phone, address, and device risk. This service is primarily used by industries such as financial services, government, gaming, healthcare, telecom, and e-commerce. It was founded in 2012 and is based in Incline Village, Nevada.
Trulioo focuses on global online identity verification, operating within the technology and security sectors. The company offers services such as individual and business identity verification, watchlist screening, and identity document verification, all aimed at ensuring know-your-customer (KYC) and know-your-business (KYB) compliance. Trulioo primarily serves sectors such as banking, cryptocurrency, online trading, and wealth management. It was founded in 2011 and is based in Vancouver, British Columbia.
iDenfy focuses on identity verification and fraud prevention in the technology sector. The company offers a range of services including identity verification, fraud scoring, and anti-money laundering compliance, all aimed at ensuring the authenticity of customers and preventing fraudulent activities. Their primary market includes sectors such as fintech, blockchain and cryptocurrency, gaming, and the sharing economy. iDenfy was formerly known as Identifikaciniai Projektai. It was founded in 2017 and is based in Kaunas, Lithuania.
Persona specializes in identity management solutions. It focuses on the automation of Know Your Customer (KYC) and Know Your Business (KYB) programs and fraud prevention. It offers services that automate identity-related use cases, including the secure collection and verification of personal information, government identity documents (IDs), and user selfies, as well as providing tools for case review and orchestration to streamline identity operations. It serves businesses that need to comply with strict identity verification regulations, such as those in the online education and financial sectors. It was founded in 2018 and is based in San Francisco, California.
Au10tix provides identity verification solutions. The company offers a suite of services that include identity verification, fraud monitoring, and the provision of reusable digital IDs. Its services are designed to link physical and digital identities, enabling businesses to onboard customers faster, prevent fraud, meet compliance mandates, and establish trust. It serves industries such as gaming, healthcare, crypto, and more. It was founded in 2005 and is based in Hod Hasharon, Israel.
Sumsub is a company that focuses on online identity verification and orchestration services, operating in the technology and security sectors. The company offers a platform that allows businesses to verify users, businesses, and transactions, manage cases, and deter fraud, all from a single dashboard. Sumsub primarily serves sectors such as fintech, online gaming, and trading. It was founded in 2015 and is based in London, England.
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