Veriff Revenue, Valuation, Funding & Investors

Veriff is valued at $1.5B as of January 2022, a 15.0x multiple on its last reported $100M revenue.

Last Veriff valuation

$1.5B

Series C · Jan 2022

Last Veriff funding round

$100M

Series C · Jan 2022

Veriff revenue

$100M

Series C · Jan 2022

Key investors in Veriff

  • Y Combinator
  • Accel
  • IVP
  • Mosaic Ventures
  • Superangel
  • Tiger Global

Veriff Overview

About Veriff

Veriff is an identity verification platform using AI and human experts to prevent online fraud for businesses. Tallinn-headquartered since its 2015 founding, it combines machine learning for instant checks with manual reviews for edge cases, serving fintech firms like Bolt and Wise across Europe and North America. Veriff processes biometric selfies, ID scans, and liveness detection in over 190 countries, achieving sub-minute verification times.


Founded

2015

HQ

EstoniaTallinn

Website

veriff.com

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Revenue

$100M (Jan 2022)

Valuation

$1.5B (Jan 2022)

Veriff Valuation

Veriff is currently valued at $1.5B, based on its Series C in January 2022.

The $100M round was led by Alkeon Capital and Tiger Global, with participation from IVP and Accel.

Veriff valuation by funding round

Veriff valuation by funding round
DateStageValuationRevenue Multiple
Jan 2022Series C$1.5B15.0x

Veriff Revenue

Veriff's latest recorded revenue is $100M, as of its Series C in January 2022. At a $1.5B valuation, that implies a 15.0x revenue multiple.

Veriff revenue by funding round

Veriff revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Jan 2022$100M$1.5B15.0xSeries C

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Veriff Funding History

Veriff has raised a total of $192M across 5 funding rounds.

Veriff's first fundraising round was a $100K pre-seed round in January 2018. The most recent completed round was a $100M Series C in January 2022.

Veriff funding rounds

Veriff funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jan 2022Series CAlkeon Capital (lead); Tiger Global (lead); IVP; Accel$100M$1.5BVeriff is a premier global identity verification (IDV) provider using AI-powered, video-first technology that outperforms physical face-to-face authentication in accuracy and fraud prevention. The company serves a wide range of industries, including financial services where it became the primary IDV for 95% of its customers, and supports trust and safety in digital environments like the metaverse. In 2021, Veriff achieved hypergrowth with verification volumes increasing more than 8X globally and 20X in the U.S., alongside a 10X surge in financial services volume and 150% customer growth, fueled by marquee clients. On January 26, 2022, Veriff raised $100M in a Series C funding round co-led by Tiger Global and Alkeon Capital, with participation from existing investors IVP and Accel. This brought total funding to $200M and established a post-money valuation of $1.5B. At the time, the company had a global workforce of 360 people from 46 nationalities, emphasizing AI automation to scale without proportionally increasing verification specialists. Proceeds from the round were allocated to accelerate global growth, invest in R&D for product expansion, grow sales and marketing teams to onboard more clients, and expand the workforce. Veriff's scalable model positions it to meet rising demand for secure online IDV amid increasing digital transactions post-pandemic. Later, in December 2025, Veriff announced it had doubled revenue to over $100M USD while achieving profitability and tripling verification volumes year-over-year, highlighting sustained momentum with new customers like Western Union, Instacart, Uber, and Bumble.
Apr 2021Series BAccel (lead); IVP (lead)$69M-Veriff is an Estonia-based global identity verification (IDV) provider founded in 2015, offering AI-powered, video-first biometric solutions that cross-reference users against government-issued IDs from 190 countries to combat online fraud and enable KYC compliance across sectors like fintech, crypto, gaming, mobility, and healthcare. The company positions itself as a leader in remote digital IDV, claiming higher accuracy than physical face-to-face methods and rapid scalability without proportional team growth; at the time of the round, it employed over 360 people from 46 nationalities with teams in the U.S., UK, Spain, and Estonia. In April 2021, Veriff raised $69 million in a Series B funding round led by IVP and Accel, bringing total funding to $92.8 million; Jules Maltz from IVP and Matt Weigand from Accel joined the board. The funds were earmarked to scale U.S. operations amid surging remote digital demand fueled by the COVID-19 pandemic and to enhance IDV capabilities. This marked the highest Series B raised in the IDV market to date, positioning Veriff as a 'secret weapon' against identity fraud. Veriff reported 600% revenue growth in 2020, reflecting massive traction from the digital services boom. A subsequent Series C in January 2022 raised $100 million co-led by Tiger Global and Alkeon (with IVP and Accel participating), achieving a $1.5 billion valuation and total funding of $200 million for global expansion and R&D.
Jul 2020Undisclosed stageNordicNinja VC (lead); Mosaic Ventures; Y Combinator; Superangel; Change Ventures$16M-Veriff is an Estonian identity verification platform using machine learning and human analysis to verify user identities from over 190 countries in 35 languages, detecting fraud for enterprise customers. The company, founded in 2015 and headquartered in Tallinn, participated in Y Combinator in 2018 and acquired Estonian network intelligence company BrowserID. In July 2020, Veriff raised $15.5 million with participation from existing investors Y Combinator and Mosaic Ventures, and new investors NordicNinja VC, Change Ventures, and Superangel. NordicNinja VC highlighted Veriff's business growth, successful market entry in the U.K. and U.S., and agreements with major Silicon Valley players. This round brought Veriff's total funding since inception to $23.8 million. The funding aimed to fuel global growth and sales to more enterprise customers ahead of a planned larger Series B round. Veriff serves sectors including fintech, crypto, and mobility.
Jun 2018Series AMosaic Ventures (lead); Ashton Kutcher; SV Angel; Superangel; Vestin Wolf Holdings; LIFT99; Elad Gil; Taavet Hinrikus; Asia Alpha; Paul Buchheit$8M-Veriff, an Estonian startup providing identity verification services akin to the 'Stripe for identity,' raised $7.7 million in a Series A funding round on June 18, 2018. Mosaic Ventures led the round, with participation from notable investors including Taavet Hinrikus, Ashton Kutcher, Paul Buchheit, Elad Gil, SV Angel, ACE Ventures, and Superangel. Mosaic’s Simon Levene and Hinrikus, co-founder and chairman of TransferWise, joined the Veriff board. The funding supported Veriff's ambitions to scale its AI-powered identity verification platform for fintech, crypto, gaming, and other sectors requiring trusted online identity checks. Veriff, founded in 2015, had participated in Y Combinator in 2018 and aimed to expand globally amid rising demand for digital identity solutions. Subsequent rounds included a €13.8 million bridge financing, a $69 million Series B in 2021 led by IVP and Accel bringing total funding to $92.8 million, and a $100 million Series C in January 2022 co-led by Tiger Global and Alkeon at a $1.5 billion valuation, pushing cumulative funding to $200 million.
Jan 2018Pre-seedY Combinator (lead)$100K--

Who has invested in Veriff?

17 investors have backed Veriff across its funding rounds, including Y Combinator, Accel, IVP, Mosaic Ventures, Superangel and Tiger Global.

Lead investors include Alkeon Capital, Tiger Global, Accel, IVP, NordicNinja VC and 2 other investors.


Veriff Investors

Investors in Veriff by funding rounds participated
InvestorHQRoundsRoleFirst check
Mosaic VenturesUnited KingdomLondon2LeadJun 2018
IVPUnited StatesSan Francisco, CA2LeadApr 2021
Y CombinatorUnited StatesSan Francisco, CA2LeadJan 2018
SuperangelEstoniaTallinn2ParticipantJun 2018
AccelUnited StatesPalo Alto, CA2LeadApr 2021
Ashton KutcherUnited StatesLos Angeles, CA1ParticipantJun 2018
SV AngelUnited StatesSan Francisco, CA1ParticipantJun 2018
Change VenturesEstoniaTallinn1ParticipantJul 2020
NordicNinja VCUnited KingdomLondon1LeadJul 2020
Vestin Wolf Holdings--1ParticipantJun 2018
Tiger GlobalUnited StatesNew York City, NY1LeadJan 2022
LIFT99EstoniaEstonia1ParticipantJun 2018
Elad GilUnited StatesUnited States1ParticipantJun 2018

This data is available for Pro users. Sign up to see all 17 Veriff investors.

Start Free Trial

Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.

Start Free Trial

Acquisitions by Veriff

Veriff has acquired 2 companies to date.

Last acquisition by Veriff was on February 5th 2026. Veriff acquired Vespia for undisclosed valuation.


Latest Acquisitions by Veriff

Vespia
BrowserID
Description
Vespia is an AI-powered platform for rapid business verification, onboarding, and digital identity management across DeFi, CeFi, metaverses, and fintech.
BrowserID is a Prague-based device intelligence platform founded in 2011. It delivers API access to fingerprinting data including browser versions, OS details, screen resolutions, and timezone info for domains worldwide. The service scans networks passively to profile up to 500 parameters per device using self-learning models, aiding cybersecurity teams at banks and telcos. BrowserID complies with GDPR by anonymizing queries and integrates with SIEM tools like Splunk for threat detection.
HQ CountryEstoniaEstonia
HQ City
-
Tallinn
Deal Date5 Feb 202623 Jan 2019
Valuationundisclosedundisclosed
EV/Revenue
EV/EBITDA

This data is available for Pro users. Sign up to see all Veriff acquisitions and their M&A valuation multiples.

Start Free Trial

Veriff Competitors

Veriff competitors include listed companies like PCITECH and TRS Information Technology, and private ones like Avathon, Salt Security, Vectra AI and Beyond Identity.

Public and private companies comparable to Veriff
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
AvathonUnited StatesSan Francisco, CAPrivate--$1.4B-
Salt SecurityUnited StatesSan Francisco, CAPrivate--$1.4B-
Vectra AIUnited StatesSan Jose, CAPrivate--$1.2B-
Beyond IdentityUnited StatesNew York City, NYPrivate--$1.1B-
PCITECHChinaChinaPublicly listed$1.5B$53M$1.4B0.9x
TRS Information TechnologyChinaChinaPublicly listed$76M($20M)$1.7B19.7x

Veriff Public Comps

Veriff is still privately-owned, but its public comps include CloudWalk, Secunet, PCITECH, DPtech, Fractal Analytics, TRS Information Technology, Progress Software, Wenge AI, Radware and C3.ai.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
CloudWalk$75M($75M)18.8x19.1x(18.7x)-
Secunet$528M$86M2.8x2.6x17.3x16.3x
PCITECH$1.5B$53M0.8x0.9x24.1x-
DPtech$182M$25M5.3x4.9x39.0x-
Fractal Analytics$344M$50M3.7x3.4x25.8x21.0x
TRS Information Technology$76M($20M)19.3x19.7x(73.5x)478.8x
Progress Software$978M$302M3.0x2.9x9.6x7.3x
Wenge AI$60M($20M)27.6x-(82.7x)-

This data is available for Pro users. Sign up to see all Veriff competitors and their valuation data.

Start Free Trial

Common questions about Veriff

When was Veriff founded?Veriff was founded in 2015.
Where is Veriff headquartered?Veriff is headquartered in Tallinn, Estonia.
Is Veriff publicly listed?No, Veriff is a private, VC-backed company.
What is Veriff's valuation?Veriff was last valued at $1.5B in its Series C in January 2022.
How much funding has Veriff raised?Veriff has raised $192M across 5 funding rounds.
What was Veriff's last funding round?Veriff's last funding round was a $100M Series C in January 2022, led by Alkeon Capital and Tiger Global.
Who are Veriff's investors?Veriff's investors include Mosaic Ventures, IVP, Y Combinator, Superangel, Accel, Ashton Kutcher, SV Angel, Change Ventures, NordicNinja VC, Vestin Wolf Holdings and 7 others.
What is Veriff's revenue?Veriff's latest recorded revenue is $100M (January 2022).
What is Veriff's revenue multiple?Veriff's latest valuation implies a 15.0x revenue multiple ($1.5B valuation on $100M of revenue).
Which companies are comparable to Veriff?Companies comparable to Veriff include Avathon, Salt Security, Vectra AI, Beyond Identity, PCITECH and TRS Information Technology.
How many companies has Veriff acquired?Veriff has acquired 2 companies, including Vespia and BrowserID.

See companies similar to Veriff

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial