About Verafin
Verafin is a company based in St. John's (Canada) founded in 2003 by Brendan Brothers and Raymond Pretty was acquired by Nasdaq in November 2020. Verafin has raised $448.57 million across 4 funding rounds from investors including Nasdaq, Northleaf and BDC. The company has 725 employees as of December 31, 2024. Verafin operates in a competitive market with competitors including Signifyd, Entrust, ThreatMetrix, Riskified and Socure, among others.
- Headquarter St. John's, Canada
- Employees 725 as on 31 Dec, 2024
- Founders Brendan Brothers, Raymond Pretty
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Sectors
TechnologyFinancial Services
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- Legal Name Verafin Usa Inc.
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People of Verafin
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Software Development Team
93 people
Sales and Marketing
53 people
Product Management Team
27 people
Customer Team
19 people
Leadership Team
13 people
Account Team
11 people
Data Analysis and Operations Team
10 people
Team Team
4 people
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Funding Insights of Verafin
Verafin has successfully raised a total of $448.57M across 4 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Verafin
Verafin has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Nasdaq, Northleaf and BDC.
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Growth equity investments and partnerships in finance and related sectors.
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Venture capital firm focused on fintech & enterprise SaaS sectors
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Private fund focused on equity, secondary market, fund of funds, and multiple investments
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Investor details for Verafin
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Investments & Acquisitions by Verafin
Investment portfolio details for Verafin
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Financial Statements - Verafin
Detailed financials for Verafin
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Verafin Comparisons
Peer comparison for Verafin
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Competitors of Verafin
Verafin operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Signifyd, Entrust, ThreatMetrix, Riskified and Socure, among others.
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Provider of fraud prevention and payment validation for online retailers
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Provider of digital identity management solutions
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Fraud prevention and context based authentication solution
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AI-based fraud prevention for e-commerce payments is provided.
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AI-based identity verification and fraud detection are provided.
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Cloud-based treasury management and fraud prevention solutions are provided.
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Detailed competitors of Verafin
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Latest news on Verafin
Complete news archive for Verafin
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Frequently Asked Questions about Verafin
Verafin was founded in 2003 and raised its 1st funding round 6 years after it was founded.
Verafin is headquartered in St. John's, Canada. It is registered at St. John's, Newfoundland And Labrador, Canada.
Verafin is a funded company, having raised a total of $448.57M across 4 funding rounds to date.
As of Dec 31, 2024, the latest employee count at Verafin is 725.
Verafin was founded in 2003 as a provider of cloud-based compliance and anti-money laundering solutions within the financial technology sector. Big data analytics and AI tools are utilized for fraud detection, pattern recognition in customer behavior, and financial crime identification through FRAML systems. Automated e-filing of compliance reports is supported, along with vendor risk management for third-party services. Operations focus on regulatory adherence and risk mitigation for financial institutions.
Verafin has 7 investors. Key investors include Nasdaq, Northleaf, BDC, Spectrum Equity, and Information Venture Partners.