About
Veriff is an Estonian identity verification provider serving 2,000+ businesses. Hit $42M revenue in 2024 with 75% QoQ growth in Q4; customers up 60% YoY. Raised $192M at $1.5B valuation from Accel, Tiger, and Y Combinator. Customers include Bolt, Blockchain, Trustpilot, and UK banks like Crown Agents and Griffin. Strong LatAm growth (2.5x volumes). Achieved iBeta Level 2 biometric liveness certification.
Key Facts
- [1]Founded: Founded in 2015 in Tallinn, EE.
- [2]Funding: Total funding: $200M. Last round: Jan 2022. Stage: Growth.
- [3]Customers: Key customers include Bolt, Wise.
- [4]Employees: Employee count: 201-500.
- [5]Website: Official website: veriff.com.
- [6]AI Technology: Core AI/ML technologies: Computer Vision.
- [7]Region: Region: EMEA (EE).
Founder
Kaarel Kotkas
Founder & CEO
Key Customers & Partners
AI Technology
Computer Vision
Image and video processing, OCR, and document extraction
Classification
Details
Related Companies
View all in Risk & Compliance
Feedzai
AI-native fraud and financial crime prevention platform for major banks
Sardine
AI risk platform for fraud, credit, and compliance
Hawk AI
AI-powered AML and fraud detection for banks and fintechs
Resistant AI
AI models for document fraud and financial crime prevention
Flagright
AI-native transaction monitoring and AML compliance
Tookitaki
AI with community-driven intelligence for AML and fraud
Other Growth Companies
View all
Frequently Asked Questions
What is Veriff?
Veriff is an Estonian identity verification provider serving 2,000+ businesses. Hit $42M revenue in 2024 with 75% QoQ growth in Q4; customers up 60% YoY. Raised $192M at $1.5B valuation from Accel, Tiger, and Y Combinator. Customers include Bolt, Blockchain, Trustpilot, and UK banks like Crown Agents and Griffin. Strong LatAm growth (2.5x volumes). Achieved iBeta Level 2 biometric liveness certification. Veriff is classified in the Risk & Compliance segment at the Models layer of the financial AI stack.
Who founded Veriff?
Veriff was founded by Kaarel Kotkas (Founder & CEO) in 2015 in Tallinn, EE. The company has been operating for 11 years.
How much funding has Veriff raised?
Veriff has raised $200M in total funding, placing the company at the Growth stage. The most recent round closed in Jan 2022. Among 74 funded Risk & Compliance companies, Veriff ranks #21 by total capital raised. (Source: AIFI Map directory.)
What AI technology does Veriff use?
Veriff primarily leverages Computer Vision technology. Image and video processing, OCR, and document extraction. Within the Risk & Compliance segment, 17 companies use this technology.
What market segment does Veriff operate in?
Veriff operates in the Risk & Compliance and Lending & Credit and Banking & Payments and Crypto & Web3 market segments. AI risk and compliance companies protect financial institutions from fraud, money laundering, identity theft, and regulatory violations. This is one of the largest and most critical segments in the AI finance landscape, as the cost of financial crime and non-compliance runs into the hundreds of billions annually. The company also has a footprint in lending & credit and banking & payments and crypto & web3, reflecting its cross-functional approach to financial AI.
Where is Veriff headquartered?
Veriff is headquartered in Tallinn, EE. The company operates in the EMEA region. The team consists of 201-500 employees.
Who are Veriff's competitors?
Companies similar to Veriff in the Risk & Compliance space include Feedzai ($431M raised), Sardine ($170M raised), Hawk AI ($83M raised), Resistant AI ($55M raised), Flagright ($8M raised). These companies operate in related areas of financial AI: Feedzai focuses on ai-native fraud and financial crime prevention platform for major banks. Sardine focuses on ai risk platform for fraud, credit, and compliance. Hawk AI focuses on ai-powered aml and fraud detection for banks and fintechs. (Based on AIFI Map classification data.)
What products does Veriff offer?
Veriff builds models-layer solutions for the financial services industry. The company's core offering: AI identity verification. The platform is powered by Computer Vision technology. Notable users include Bolt, Wise.