Veriff

Valuation $6B

About Veriff

Veriff is an identity verification company that protects businesses and customers from online identity fraud.
Headquarters Veriff, Tallinn
Founded 2015-10-20
Industry Artificial Intelligence (AI), Cyber Security, Fraud Detection, Identity Management, Information Technology
Last Funding Type Series C
Valuation 6
Total Funding $192.32 million dollars
IPO Status Private

Financial

Veriff may be growing as indicated by the company's engagement with the increasing consumer demand for stronger fraud prevention, which is a sign of its relevance in the identity verification market. The publication of Veriff's Fraud Index 2024 suggests that the company is actively involved in researching and understanding market trends, which could imply an investment in thought leadership within the industry. Furthermore, the growing acceptance of new security technologies, as reported, may lead to an expansion of Veriff's customer base and potentially increase its market share.

Veriff has enhanced its biometric security measures in response to rising account takeover fraud (ATO). The company has also upgraded its biometric authentication solution to improve user experience, accuracy, and security. Additionally, Veriff has released new digital identity and financial fraud prevention capabilities.
Funding Rounds 7
Number of Lead Investors 7
Total Funding Amount  $192.32 million dollars
Number of Investors 18

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