Identity Verification
“Can a European-born AI identity verification platform become the global compliance infrastructure layer for regulated industries?”
Founded2015
HQTallinn, Estonia
FoundersKaarel Kotkas
Total raised~$200M+
Latest roundSeries C
IndustryInfrastructure / KYC
The story
Veriff was founded in 2015 in Tallinn, Estonia to automate identity verification using AI-powered document analysis and biometrics. The company positioned itself as infrastructure for businesses needing KYC/AML compliance, serving financial services, marketplaces, and gaming companies. As regulatory requirements intensified globally, Veriff expanded its product suite to include fraud detection, age verification, and business verification (KYB), evolving from a point KYC tool into a broader identity fraud prevention platform.
Last 12 months
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Product timeline
2015
Founded in Tallinn, Estonia as an automated identity verification company using AI and document analysis.· pivot
2020
Expanded globally and raised significant growth funding to scale AI-driven identity verification platform.· banking
2022
Reached Series C funding stage and grew to 501-1000 employees serving financial services, gig economy, and online platforms.· pivot
The stack
Accounting gap: none