Verafin
About Verafin
Verafin is a company 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.
- Employees 725 as on 31 Dec, 2024
- Founders Brendan Brothers, Raymond Pretty
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Sectors
TechnologyFinancial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Verafin Usa Inc.
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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.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Last Round
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First Round
First Round
(14 Sep 2009)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2019 | Amount | Series D - Verafin | Valuation | Spectrum Equity , Information Venture Partners | |
| Sep, 2019 | Amount | Debt – Conventional - Verafin | Valuation |
investors |
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| May, 2014 | Amount | Series B - Verafin | Valuation | Spectrum Equity |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Growth equity investments and partnerships in finance and related sectors.
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Founded Year | Domain | Location | |
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Venture capital firm focused on fintech & enterprise SaaS sectors
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Founded Year | Domain | Location | |
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Private fund focused on equity, secondary market, fund of funds, and multiple investments
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Verafin
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Verafin
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Verafin Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of fraud prevention and payment validation for online retailers
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| domain | founded_year | HQ Location |
Provider of digital identity management solutions
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| domain | founded_year | HQ Location |
Fraud prevention and context based authentication solution
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| domain | founded_year | HQ Location |
AI-based fraud prevention for e-commerce payments is provided.
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| domain | founded_year | HQ Location |
AI-based identity verification and fraud detection are provided.
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| domain | founded_year | HQ Location |
Cloud-based treasury management and fraud prevention solutions are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Verafin
Frequently Asked Questions about Verafin
When was Verafin founded?
Verafin was founded in 2003 and raised its 1st funding round 6 years after it was founded.
Is Verafin a funded company?
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 B of $55.04M, raised on Sep 14, 2009.
How many employees does Verafin have?
As of Dec 31, 2024, the latest employee count at Verafin is 725.
What does Verafin do?
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.
Who are the top competitors of Verafin?
Who are Verafin's investors?
Verafin has 7 investors. Key investors include Nasdaq, Northleaf, BDC, Spectrum Equity, and Information Venture Partners.
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