Veriff co-founders.
Blog

Veriff Closes 15.5 Million USD Financing Round

Veriff closed a financing round of 15.5 M USD to ramp up global growth and sales to enterprise customers prior to a larger B-series financing round planned in the future. Money was raised from both new and existing investors.

AuthorKarita Sall, July 1st, 2020

Share

Share

Love this blog? Why not share it with the world?

Despite the global crisis caused by COVID-19, the company has witnessed increased customer engagement and taken advantage of accelerated digitalization around the world. Last year, our verification volumes grew by 35 times, and we’ve kept up with the growth trajectory this year. However, we are also targeting profitability.  

Veriff has increased its sales volumes, continuously improving its technology, and signed agreements with major global customers in Silicon Valley. As a result of these activities, the company has earned the trust of investors and is expecting solid results for the year 2020.

Investors include Y Combinator and Mosaic Ventures from the earlier A-series investment round, but also new investors, like NordicNinja VC  and Change Ventures.

According to Rainer Sternfeld, Managing Partner of NordicNinja VC, a Japanese-Nordic venture fund and a new investor in Veriff, said the identity verification company has shown sound performance. “Veriff has been able to significantly grow their business, successfully enter the market in the UK as well as in the U.S., and signed agreements with some Silicon Valley’s biggest players. We at NordicNinja are excited to see what the future has in store for Veriff, especially as it’s an essential service with a potential to reach every person on the planet.” 

The global pandemic has brought along significant paradigm shifts. This has created an increased demand for online identity verification, and Veriff is taking this responsibility seriously. During the pandemic, we were in close contact with our international customers, and witnessed how global tech giants as well as more traditional businesses pivoted their strategies in response to the crisis.

Current investment brings Veriff’s total financing to 23,8 million USD and enables the company to accelerate its global growth even further. 

Karita Sall

Karita Sall

Head of Global Communication

Karita Sall is the Head of Global Communication at Veriff. Karita has been working in the field of communication for over 20 years. During that time she has helped many organizations to tell their stories including start-ups, global corporations, government bodies as well as non-profits.

Stay up to date on Veriff news, product updates, and more

Veriff will only use the information you provide to share blog updates. You can unsubscribe any time. For more details, check out our privacy policy.

Related articles

Veriff's Solutions Now Available to Twisto’s Buy Now, Pay Later Clients 

Blog

Veriff's Solutions Now Available to Twisto’s Buy Now, Pay Later Clients 

Advanced identity verification technology and know your customer offerings provide seamless verification process for Twisto customers and ensure compliance

Veriff Hosts Hackathon To Enable Company-Wide Teams To Innovate

Blog

Veriff Hosts Hackathon To Enable Company-Wide Teams To Innovate

We did it again! Our second hackathon was full of fresh ideas, motivated participants, and positive outcomes. To give you a better overview and insight, we interviewed the organizer Kalev Rundu, Senior Product Manager at Veriff, and two Veriffians that took part. 

Veriff and Trustpilot Partner to Enhance Online Trust for Global Review Platform

Blog

Veriff and Trustpilot Partner to Enhance Online Trust for Global Review Platform

Trustpilot has partnered with Veriff to seamlessly verify online consumer reviewer profiles. Trustpilot has already verified more than 50,000 consumers on its platform within the first months of its collaboration with Veriff.