Verafin Overview

  • Year Founded
  • 2003

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 800

Employees

  • Latest Deal Type
  • M&A

  • Financing Rounds
  • 7

Verafin General Information

Description

Developer of cloud-based fraud detection and anti-money laundering software designed to identify entities that may be involved in money laundering or terrorist financing activities. The company offers compliance automation tools such as big data intelligence, visual storytelling, collaborative investigations, artificial intelligence and machine learning for cross-institutional, multi-channel analysis to detect deposit, check, card and wire frauds, funnel accounts, human trafficking, unusual tax refund and other unethical activities, along with vendor management, enterprise reporting, case management, watch list scanning and other related services, enabling banks and credit unions to scan customers and transactions prior to initiating contracts.

Contact Information

Website
www.verafin.com
Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Formerly PE-Backed
Corporate Office
  • 18 Hebron Way
  • Saint John's, Newfoundland and Labrador A1A 0L9
  • Canada
+1 (877)
Primary Industry
Financial Software
Parent Company
Nasdaq
Vertical(s)
Cybersecurity, Big Data, SaaS, Artificial Intelligence & Machine Learning, TMT, FinTech
Corporate Office
  • 18 Hebron Way
  • Saint John's, Newfoundland and Labrador A1A 0L9
  • Canada
+1 (877)

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Verafin Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA		 Post-Val Status Debt

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Verafin Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of cloud-based fraud detection and anti-money laundering software designed to identify entities that may be in
Financial Software
Saint John's, Canada
800 As of 2021

Austin, TX
 

Coimbra, Portugal
 
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Verafin Competitors (12)

One of Verafin’s 12 competitors is Abrigo, a Private Equity-Backed company based in Austin, TX.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Abrigo Private Equity-Backed Austin, TX
Feedzai Venture Capital-Backed Coimbra, Portugal
ThetaRay Venture Capital-Backed Hod HaSharon, Israel
Wave Financial Private Equity-Backed Toronto, Canada
Temenos Headquarters Formerly PE-Backed Geneva, Switzerland
You’re viewing 5 of 12 competitors. Get the full list »

Verafin Patents

  • 3

    Total Documents Applications and Grants

  • Total Patents Families

  • 2

    Granted

  • 1

    Pending

  • Expiring in next 12 mo

Verafin Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-9792609-B2 Fraud detection systems and methods Active 26-Aug-2013
US-20160132886-A1 Fraud detection systems and methods Active 26-Aug-2013
CA-2860179-A1 Fraud detection systems and methods Pending 26-Aug-2013 G06Q20/4016

Verafin Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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Verafin Former Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

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Verafin FAQs

  • When was Verafin founded?

    Verafin was founded in 2003.

  • Where is Verafin headquartered?

    Verafin is headquartered in Saint John's, Canada.

  • What is the size of Verafin?

    Verafin has 800 total employees.

  • What industry is Verafin in?

    Verafin’s primary industry is Financial Software.

  • Is Verafin a private or public company?

    Verafin is a Private company.

  • What is the current valuation of Verafin?

    The current valuation of Verafin is .

  • What is Verafin’s current revenue?

    The current revenue for Verafin is .

  • How much funding has Verafin raised over time?

    Verafin has raised $393M.

  • Who are Verafin’s investors?

    BDC Capital, Genesis Centre, Government of Canada, Information Venture Partners, and Jamfin are 5 of 10 investors who have invested in Verafin.

  • Who are Verafin’s competitors?

    Abrigo, Feedzai, ThetaRay, Wave Financial, and Temenos Headquarters are some of the 12 competitors of Verafin.

  • When was Verafin acquired?

    Verafin was acquired on 11-Feb-2021.

  • Who acquired Verafin?

    Verafin was acquired by Nasdaq.

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