About Verafin
Verafin is a Technology company based in St. John's (Canada) founded in 2003 by Brendan Brothers and Raymond Pretty, and was acquired by Nasdaq in November 2020. Cloud-based compliance and anti-money laundering solutions are offered. It operates in the Technology and Financial Services sectors. Verafin has raised $448.57 million across 4 funding rounds from investors including Nasdaq, Northleaf and BDC. The company has 725 employees. Its website verafin.com draws about 22 thousand monthly visits. Its focus areas include Enterprise Infrastructure, Cybersecurity, Anti Fraud and Financial Fraud. Its legal entity is VERAFIN USA INC.
Company details
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.
- Headquarters St. John's, Canada
- Employees 725
- Founders Brendan Brothers, Raymond Pretty
- Stage Acquired
- SectorsTechnologyFinancial Services
- Email••••••••
- Phone•••• ••••
- Website verafin.com
- Social LinkedIn X Facebook
- Acquired by Nasdaq (Nov 2020)
- Legal Name Verafin Usa Inc.
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.
- Total Funding $448.57M
- Total Rounds 4
- First Round $4.96M
(Sep 2009)
- Investors Count 6
All 4 funding rounds of Verafin with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2019 | $388.57M | Series D | – | Spectrum Equity, Information Venture Partners | |
| Sep 2019 | Debt – Conventional | – | – | ||
| May 2014 | $55.04M | Series B | – | Spectrum Equity | – |
| Sep 2009 | $4.96M | Series A | – | RBC | – |
7 investors in total: 7 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Growth equity investments and partnerships in finance and related sectors. | spectrumequity.com | |||
Venture capital firm focused on fintech & enterprise SaaS sectors | informationvp.com | Toronto, Canada | ||
Private fund focused on equity, secondary market, fund of funds, and multiple investments | 2009 | northleafcapital.com | Toronto, Canada | |
Diversified investment management is conducted by Teralys Capital. | teralyscapital.com | Montreal, Canada | ||
Commercial banking services for small and medium-sized enterprises are provided. | 1944 | bdc.ca | Montreal, Canada | |
Financial solutions and strategic expertise are provided by RBCx for startups and VCs. | rbcx.com | Canada | ||
Stock trading, clearing, and securities listing services are operated globally. | 1971 | nasdaq.com | New York, United States |
Investor details for Verafin
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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People of Verafin
259 people are tracked at Verafin (43 in leadership, 216 in team); the tracked headcount is 725.
| Name | Role | Group |
|---|---|---|
Brendan Brothers | Co-Founder | Leadership |
Raymond Pretty | Co-Founder & CTO | Leadership |
Ciara Kearney | Director Client Service Delivery Management | Leadership |
Andrew King | Chief Operating Officer | Leadership |
Nick Janes | VP, Product Management | Leadership |
Stephanie Champion | VP, Sales | Leadership |
Haochen Zhang | Director - Software Engineer | Leadership |
Frieda Musa | Director | Leadership |
Ben Ruddock | Director Of Software Engineering | Leadership |
Chris S. | Vice President, Nasdaq Verafin Cloud Platform | Leadership |
Sasha Power | Director - Sales Executive | Leadership |
Aaron Corkum | Director - Software Development | Leadership |
Amanda Reid Cpa, Ca | Director Of Financial Planning And Analysis | Leadership |
Sara Halley | Vp, Enterprise Sales | Leadership |
Brad May | Director Of Sales | Leadership |
Michelle Brophy | Head Of AML Product Marketing | Leadership |
Tanya McCarthy | Avp, Head Of Investigation Product Management | Leadership |
Azin Majidi | Head Of Fraud Product Management | Leadership |
Gillian Mensah | Director | Leadership |
Dillon Butt | Associate Vice President | Leadership |
239 more people are available in the full profile.
Complete people profiles for Verafin
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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Timeline of Verafin
4 dated milestones of Verafin across 17 years, from founding to its latest funding, stage changes and deals.
- Founded Verafin is founded.
- Funding First funding round of $5.0M.
- Funding Latest funding round, Debt – Conventional,.
- Exit Acquired by Nasdaq.
Web traffic of Verafin
The website of Verafin (verafin.com) receives about 21.8K visits a month.
- Monthly visits21.8K
▲ 1.9% vs previous month
Websites whose visitors overlap most with Verafin. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| nexj.com | 100% | 3.8K | #5,054,661 | View details | |
| doxim.com | 92% | 8.6K | #2,663,730 | View details | |
acamstoday.org | acamstoday.org | 83% | #796,567 | – | |
| flagright.com | 78% | 38.4K | #869,942 | View details | |
| treasuryprime.com | 71% | 13.8K | #1,815,245 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 19 similar websites and full traffic analytics for Verafin
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- 19 similar websites
- Audience overlap
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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. The company's 1st funding round was a Series A of $4.96M, raised on Sep 2009.
Verafin has 725 employees.
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.
Verafin operates through Verafin Usa Inc..
Yes. Verafin was acquired by Nasdaq in November 2020.