Veriff secures USD 100 mln Series C funding round

Thursday 27 January 2022 10:29 CET | News

Estonia-based identity verification company Veriff has announced it raised USD 100 million in Series C financing to expand its global customer base, at USD 1.5 billion valuation.

The new financing will be used to accelerate Veriff’s global growth and invest in R&D, particularly to advance product expansion. The company will also grow its sales and marketing teams to onboard more global clients and build on recent customer programmes.

Through its AI-supported, video-first approach, Veriff can make online IDV more accurate than physical face-to-face authentication and prevent more fraud, according to the company. Secure global IDV enables businesses to unlock the potential of the virtual world.

Company officials stated that organisations and consumers needed to verify identities online more in 2021, from onboarding remote employees, to creating a safe space for gaming in the metaverse, and conducting business fully online.

For more information about Veriff, please check out the company profile in The Paypers Company Database.

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Keywords: Veriff, digital identity, identity verification, digital onboarding, funding, expansion
Categories: Fraud & Financial Crime
Companies: Veriff
Countries: World
This article is part of category

Fraud & Financial Crime


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