What is Veriff?
Founded in 2015 and headquartered in Tallinn, Estonia, Veriff provides an advanced online identity verification platform. The company specializes in automated KYC (Know Your Customer) and AML (Anti-Money Laundering) compliance, utilizing sophisticated computer vision and machine learning to verify identities in real-time. By mitigating fraud and streamlining user onboarding, Veriff serves a diverse portfolio of enterprise clients across the fintech, mobility, and e-commerce sectors, establishing itself as a cornerstone of digital trust and security.
How much funding has Veriff raised?
Veriff has raised a total of $192.2M across 4 funding rounds:
Series A
$7.7M
Unspecified
$15.5M
Series B
$69M
Series C
$100M
Series A (2018): $7.7M, investors not publicly disclosed
Unspecified (2020): $15.5M led by Undisclosed
Series B (2021): $69M supported by Accel and IVP
Series C (2022): $100M featuring Alkeon Capital Management and Tiger Global Management
Key Investors in Veriff
Alkeon Capital Management
Alkeon Capital Management is an investment management firm founded in 2002, specializing in identifying high-growth opportunities across public and private markets.
Tiger Global Management
Tiger Global Management is a prominent investment firm that deploys significant capital into both public and private technology markets, focusing on long-term growth.
IVP
IVP is a Menlo Park-based venture capital firm that focuses on later-stage investments in high-growth technology companies, particularly in the fintech and enterprise software sectors.
What's next for Veriff?
With the successful closure of this major enterprise-level funding, Veriff is poised to scale its operations and expand its global footprint. The strategic focus will likely center on deepening its product suite to address evolving regulatory requirements and sophisticated fraud patterns. As the company moves beyond its Series C milestone, the emphasis will shift toward maintaining high-growth momentum, optimizing operational efficiency, and potentially preparing for future liquidity events. The backing from top-tier institutional investors provides not only the necessary financial runway but also the strategic guidance required to navigate the complexities of the global identity verification market.
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