Veriff

regtechauthentication and fraud prevention

FOUNDING YEAR: 2015
LOCATION: Estonia
Last Update: 19/02/2021

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About

Veriff is an online identity verification company that protects businesses and their customers from online identity fraud.

MEDICI Analysis

Veriff is an online identity verification platform that facilitates user verification by analyzing a video uploaded from the user’s mobile or network. It enables businesses to enroll customers by verifying their ID card, passport, driving license, etc. through a video approach in real-time.

Focus

PRODUCTS & SERVICES

Veriff has developed a SaaS and underlying technology that allows banks and FinTechs to verify a person’s identity online. The online platform conducts verification through a video-based approach in real time. It refers to various data points while analyzing the live video feed from a user’s device and network. It then sifts through the collected data by leveraging machine learning, to identify patterns, and anomalies.

REVENUE MODEL

The company offers two plans: 1. Premium Plan, which costs $56.62 per month and $2.31 per verification. 2. Enterprise Plan, which costs $1155.7 to $34,671.06 as minimum fee and $2.31 to $0.8 per verification.

MAIN CLIENTS

Some of its clients are Uber

LHV

Hansapost

Inbank

Admiral Markets

Agrello

Holo

and TF Bank.

EXISTING PARTNERSHIPS

The company is in partnerships with ETHLend to bring KYC compliance to decentralized lending.

People

FOUNDERS

Kaarel Kotkas

Janer Gorohhov

NUMBER OF EMPLOYEES

51-200

INVESTORS:

Ace Ventures

Ashton Kutcher

Elad Gil

Mosaic Ventures

Paul Buchheit

Superangel

SV Angel

Taavet Hinrikus

Y Combinator

KEY EMPLOYEES:

Kaarel Kotkas (CEO)

Momentum

FUNDED

YES

NUMBER OF FUNDING ROUNDS

3

TOTAL FUNDING

$8.4 M

DATE OF LAST FUNDING

Jul 2020

TOTAL FUNDING COMMENT

The company is planning to use the funds to expand its staff in preparation for a planned increase in the volume of business and to develop its product, including providing secure online ID solutions for small and medium-sized enterprises. (June 2018)

ESTIMETED REVENUE RANGE

$1M to $10M

SEED & PRIOR FUNDING

$700 K

FUNDING SERIES

SERIES A  · $7.7 M  · Jun 2018

LISTED

NO

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

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AVERAGE VISITS (6 MONTHS)

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VISIT DURATION

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VISIT DURATION GROWTH

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PAGE VIEWS VISIT

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PAGE VIEWS VISIT GROWTH

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BOUNCE RATE

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BOUNCE RATE GROWTH

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GLOBAL TRAFFIC RANK

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MONTHLY RANK CHANGE

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MONTHLY RANK GROWTH

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