Financials

Estimates*

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Revenues, earnings & profits over time
EUR2017201820192020202120222023
Revenues<1m<1m2.7m5.6m14.2m36.1m36.1m
% growth647 %219 %446 %113 %152 %154 %-
EBITDA(<1m)(1.3m)(9.6m)(9.6m)(12.5m)(32.7m)-
% EBITDA margin(51 %)(268 %)(361 %)(169 %)(88 %)(91 %)-
Profit(<1m)(1.4m)(9.8m)(9.8m)(12.7m)(32.9m)-
% profit margin(75 %)(283 %)(370 %)(174 %)(89 %)(91 %)-
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DateInvestorsAmountRound
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Seed

$120k

Seed
N/A

N/A

Seed
*

$7.7m

Series A
*

$15.5m

Late VC
*

$69.0m

Series B
*

$100m

Valuation: $1.5b

95.9x EV/LTM Revenues

-109.0x EV/LTM EBITDA

Series C
Total Funding$192m

Recent News about Veriff

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More about Veriffinfo icon
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Veriff is a technology company specializing in online identity verification services. It operates in the digital security market, providing solutions to businesses that require robust identity checks to prevent fraud and ensure compliance with regulations. Veriff serves a diverse range of clients, including fintech companies, mobility platforms, blockchain services, and peer-to-peer lending marketplaces. The company's business model revolves around offering a software-as-a-service (SaaS) platform that integrates with clients' systems to perform identity verification using advanced technologies like artificial intelligence and machine learning. Veriff generates revenue through subscription fees and usage-based pricing, allowing clients to scale their verification needs as required. The platform supports Know Your Customer (KYC) processes, background checks, and e-residency programs, making it a versatile tool for businesses aiming to connect with honest customers securely.

Keywords: identity verification, KYC, fraud prevention, SaaS, fintech, blockchain, mobility, P2P lending, AI, compliance.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.

Investments by Veriff

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ACQUISITION by Veriff Jan 2019