Veriff
Financials
Estimates*
EUR | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|---|
Revenues | <1m | <1m | 2.7m | 5.6m | 14.2m | 36.1m | 36.1m |
% growth | 647 % | 219 % | 446 % | 113 % | 152 % | 154 % | - |
EBITDA | (<1m) | (1.3m) | (9.6m) | (9.6m) | (12.5m) | (32.7m) | - |
% EBITDA margin | (51 %) | (268 %) | (361 %) | (169 %) | (88 %) | (91 %) | - |
Profit | (<1m) | (1.4m) | (9.8m) | (9.8m) | (12.7m) | (32.9m) | - |
% profit margin | (75 %) | (283 %) | (370 %) | (174 %) | (89 %) | (91 %) | - |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | N/A | Seed | |
$120k | Seed | ||
N/A | N/A | Seed | |
* | $7.7m | Series A | |
* | $15.5m | Late VC | |
* | $69.0m | Series B | |
* | $100m Valuation: $1.5b 95.9x EV/LTM Revenues -109.0x EV/LTM EBITDA | Series C | |
Total Funding | €175m |
Related Content
Recent News about Veriff
EditVeriff is a technology company specializing in online identity verification services. It operates in the digital security market, providing solutions to businesses that require robust identity checks to prevent fraud and ensure compliance with regulations. Veriff serves a diverse range of clients, including fintech companies, mobility platforms, blockchain services, and peer-to-peer lending marketplaces. The company's business model revolves around offering a software-as-a-service (SaaS) platform that integrates with clients' systems to perform identity verification using advanced technologies like artificial intelligence and machine learning. Veriff generates revenue through subscription fees and usage-based pricing, allowing clients to scale their verification needs as required. The platform supports Know Your Customer (KYC) processes, background checks, and e-residency programs, making it a versatile tool for businesses aiming to connect with honest customers securely.
Keywords: identity verification, KYC, fraud prevention, SaaS, fintech, blockchain, mobility, P2P lending, AI, compliance.