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Verafin

Description

Provider fraud detection and anti-money laundering software for financial institutions. The company develops a consolidated financial crime detection and compliance automation software that detects various financial crimes, including fraud, money laundering and identity theft. It primarily serves to the banks and credit unions in North America.

2003

Founded

PRIVATE

Status

201-500

Employees

PE Growth

Latest Deal Type

$55.1M

Latest Deal Amount

$60.1M

Total Amount Raised

Description

Provider fraud detection and anti-money laundering software for financial institutions. The company develops a consolidated financial crime detection and compliance automation software that detects various financial crimes, including fraud, money laundering and identity theft. It primarily serves to the banks and credit unions in North America.

Website:

www.verafin.com

Ownership Status

Privately held (backing)

Financing Status

Private Equity-Backed

Primary Industry

Application Software

Other Industries

Financial Software
Network Management Software

Primary Office

570 Newfoundland Drive St. John's, Newfoundland and Labrador A1A 5B1Canada +1 (877) 368-9986
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Verafin Valuation and Funding

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Deal TypeDateAmountRaised to DatePost-ValStatusStage

Verafin Investors (5)

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Investor NameInvestor TypeHoldingInvestor SinceParticipating RoundsBoard
Seat
Contact
Info
Government of CanadaGovernment000 0000000 0000
Information Venture PartnersVenture CapitalMinority000 0000000 0000
JamfinOtherMinority000 0000000 0000
Killick CapitalPE/BuyoutMinority000 0000000 0000
Spectrum EquityGrowth/ExpansionMinority000 0000000 0000
Government of Canada Government
Information Venture Partners Venture Capital
Jamfin Other
Killick Capital PE/Buyout
Spectrum Equity Growth/Expansion

Verafin Executive Team (8)

NameTitleBoard
Seat
Contact
Info
Andrew KingChief Operating Officer
Brendan BrothersCo-Founder, Account Manager & Director, Product Marketing
Raymond PrettyVice President, Product Development & Co-Founder
Jamie KingPresident, Chief Executive Officer, Co-Founder & Board Member
Matthew WellsVice President, Customer Success
Andrew King Chief Operating Officer
Brendan Brothers Co-Founder, Account Manager & Director, Product Marketing
Raymond Pretty Vice President, Product Development & Co-Founder
Jamie King President, Chief Executive Officer, Co-Founder & Board Member
Matthew Wells Vice President, Customer Success

Verafin Board Members (6)

NameRepresentingRoleSinceContact
Info
Adam MargolinSpectrum EquityPrincipal000 0000
Christopher MitchellSpectrum EquityManaging Director000 0000
David UnsworthBoard Member000 0000
Jamie KingVerafinPresident, Chief Executive Officer, Co-Founder & Board Member000 0000
Matt CotterSelfBoard Member000 0000
Adam Margolin Principal Spectrum Equity
Christopher Mitchell Managing Director Spectrum Equity
David Unsworth Board Member
Jamie King President, Chief Executive Officer, Co-Founder & Board Member Verafin
Matt Cotter Board Member Self
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