Veriff
Functionality
AML + KYC
Description
Veriff is an identity verification company that protects businesses and customers from online identity fraud.
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Bio
Founded in October 2015 in Tallinn, Estonia, Veriff is an identity verification platform that protects businesses from online fraud. With a strong focus on AI technology and human verification, Veriff aims to streamline customer onboarding and enhance security, serving clients across various industries globally.
Year Founded
2015
Locations
Estonia
Key Market
Financial Services
Features
Credit Checks
Document Verification
Ongoing Monitoring
Right To Work
Screening
Market Focus
Segmentation
- Mid-Market
Target Markets
- Financial Services
- Crypto
- Gaming
- Education
- Healthcare
Local Group
- Onfido
- Jumio
- IDnow
- Mitek
- IDology
Data sources and Integrations
Market Map
Strengths
- Uses advanced AI, ensuring fast and accurate identity verification processes for users.
- The platform boasts a 95% first-try verification success rate, enhancing user experience significantly.
- With support for 48 languages, Veriff can easily adapt to diverse international markets.
- Clients praise Veriff for its reliable service and effective identity fraud prevention measures.
Weaknesses
- Sometimes, automated systems mistakenly flag real users as suspicious, leading to frustration.
- Smaller businesses might find these services a bit pricey for their budgets.
- Moving from other providers can be tricky and take more time than expected.
- The identity verification space is crowded, making it hard to stay competitive with limited offerings.
Pricing
N/A
Aventine Rating
Aventine Comment
Raised
N/A
Round Details
Veriff has raised a total of $192.3 million across 7 funding rounds, with the latest being a $100 million Series C round on January 26, 2022.
Investors
- Alkeon Capital
- Tiger Global Management
- IVP
- Accel
- NordicNinja VC
- Mosaic Ventures
- Change Ventures
- Superangel
Executives
Kaarel Kotkas
CEO
Gert Ehtes
COO
Kaire Tamm
CFO
Indrek Pärna
CTO
Kati Raudsepp
CMO
N/A