Where is iVeri located?

iVeri is headquartered in Sandton, South Africa.

How many employees does iVeri have?

As of Apr 30, 2026, the latest employee count at iVeri is 36.

Is iVeri a funded company?

iVeri is a funded company, having raised a total of $***** in its 1st and only funding round.

Where does iVeri rank among its competitors?

iVeri ranks 33rd amongst 96 active competitors, of which 10 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was PayU, which secured $35.1M in Jul, 2025.

Who are the top competitors of iVeri?

iVeri's top competitors include PayU, Flutterwave and ACI Worldwide. Among them, PayU secured the most recent funding round in July, 2025.

iVeri - 2026 Company Profile, Team & Competitors

iVeri is an acquired company based in Sandton (South Africa), founded in 1998. It operates as a Payment gateway solutions for merchants to accept online payments. The company has 96 active competitors, including 10 funded and 21 that have exited. Its top competitors include companies like PayU, Flutterwave and ACI Worldwide.

Company Details

Payment gateway solutions for merchants to accept online payments. Offers routing card payment transaction messages from remote payment devices such as EFTPOS terminals, internet, and mobile devices to a transaction switch for processing. Other services include MiBank, a personal banking solution that allows account holders to utilize the technology at their disposal to access their bank account and perform a range of transactions; and TranGate system, a back-office EFT switch that holds the account balances, performs registrations of new clients, and facilitates transactions.

Website: www.iveri.com
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Email ID: *****@iveri.com

Key Metrics

Founded Year

1998

Location

Sandton, South Africa

Stage

Acquired

Ranked

33^rd among 96 active competitors

Employee Count

36 as on Apr 30, 2026

Similar Companies

PayPal & 3464 more

Exit Details

Acquired by Payfast (Apr 14, 2026)

View iVeri's full profile

iVeri got acquired by Payfast on Apr 14, 2026.

Click here to take a look at iVeri's acquisition in detail

iVeri has not raised any funding rounds yet.

iVeri's employee count trend

iVeri has 36 employees as of Apr 26. Here is iVeri's employee count trend over the years:

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Top competitors of iVeri include PayU, Flutterwave and ACI Worldwide. Here is the list of Top 10 competitors of iVeri, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	PayU 2002, Amsterdam (Netherlands), Series C	Provider of payment solutions and credit products for online merchants	$35.1M	Naspers, Prosus & 4 others	84/100
2nd	Flutterwave 2016, San Francisco (United States), Series D	Provider of payment solutions for online and physical business transactions	$489M	Greycroft, Avenir Growth Capital & 71 others	83/100
3rd	ACI Worldwide 1975, Omaha (United States), Public	Process and manage digital payments	-	Starboard Value, JMI Management & 2 others	76/100
4th	Network International 1994, Dubai (United Arab Emirates), Acquired	Provides digital payment solutions and merchant services, catering to businesses with fintech support	$539M	Warburg Pincus, General Atlantic & 3 others	71/100
5th	Worldline Global 1970, Bezons (France), Public	Provider of payment processing solutions for merchants and financial institutions	-	Credit Agricole, Europa	59/100
6th	Adumo 2019, Sandton (South Africa), Acquired	Provider of payment solutions, card machines, and customer engagement platforms	$25.9M	IFC Asset Management Company, IFC & 3 others	59/100
7th	Peach Payments 2013, Cape Town (South Africa), Series A	Payment gateway solutions for businesses and merchants	$32M	Umkhathi Wethu, Allan Gray & 5 others	58/100
8th	First Data 1971, Atlanta (United States), Acquired	Payments processing service provider	-	Stone Point Capital, W Capital Partners & 3 others	58/100
9th	Equiniti 2002, Lancing (United Kingdom), Acquired	Provider of financial technology and payment processing solutions	-	Strategic Equity Capital, Riverside	58/100
10th	Ozow 2005, Johannesburg (South Africa), Series B	Provider of payment solutions, including pay by bank and crypto payments	$51.7M	Tencent, Kalon Venture Partners & 2 others	56/100
33rd	iVeri 1998, Sandton (South Africa), Acquired	Payment gateway solutions for merchants to accept online payments	-	-	37/100