When was Verafin founded?

Verafin was founded in 2003 and raised its 1st funding round 6 years after it was founded.

Where is Verafin located?

Verafin is headquartered in St John s, Canada.

How many employees does Verafin have?

As of Sep 30, 2026, the latest employee count at Verafin is 726.

Is Verafin a funded company?

Verafin is a funded company, having raised a total of $449M across 4 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Sep 14, 2009.

When was the latest funding round of Verafin?

Verafin's latest funding was a $***** Series D round on Sep 25, 2019, with participation from 5 investors. Its primary sector is Banking Tech. In Canada, the Banking Tech sector has seen $271M in funding in 2026 to date.

Where does Verafin rank among its competitors?

Verafin ranks 25th amongst 1946 active competitors, of which 303 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Elliptic, which secured an undisclosed amount in Jul, 2026.

Who are the top competitors of Verafin?

Verafin's top competitors include ComplyAdvantage, Riskified and Entrust. Among them, Elliptic secured the most recent funding round in July, 2026.

Verafin - 2026 Company Profile, Team, Funding & Competitors

Q: Is Verafin an acquired company?

Verafin got acquired by Nasdaq on Nov 19, 2020.

Verafin is an acquired company based in St John s (Canada), founded in 2003 by Jamie King, Brendan Brothers and Raymond Pretty. It operates as a Provider of financial crime management solutions for fraud detection and compliance. Verafin has raised $449M in funding from investors like Spectrum Equity, Information Venture Partners and RBC. The company has 1946 active competitors, including 303 funded and 241 that have exited. Its top competitors include companies like ComplyAdvantage, Riskified and Entrust.

Company Details

Provider of financial crime management solutions for fraud detection and compliance. The company offers tools for anti-money laundering, high-risk customer management, and sanctions screening. It facilitates information sharing and provides resources such as blogs, events, and webinars. The company delivers solutions for fraud detection related to payments, checks, wires, ACH, and online account takeover. It also offers BSA compliance and process automation, including CDD/EDD, CTRs, SARs, and case management.

Website: verafin.com
Social
Email ID: *****@verafin.com, *****@verafin.com
Phone Number: +1 **********, +1 **********

Key Metrics

Founded Year

2003

Location

St John s, Canada

Stage

Acquired

Total Funding

$449M in 4 rounds

Latest Funding Round

Series D, Sep 25, 2019, $*****

Investors

Spectrum Equity & 8 more

Ranked

25^th among 1946 active competitors

Employee Count

726 as on Sep 30, 2026

Similar Companies

ComplyAdvantage & 1149 more

Exit Details

Acquired by Nasdaq (Nov 19, 2020)

View Verafin's full profile

Verafin is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
VERAFIN USA INC. CIN: 455449071 , United States, Active	Dec 31, 1999	-	32 (As on Dec 31, 2022)	-

Verafin got acquired by Nasdaq on Nov 19, 2020 at an acquisition amount of $*****.

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

Verafin has raised a total funding of $449M over 4 rounds. Its first funding round was on Sep 14, 2009. Its latest funding round was a Series D round on Sep 25, 2019 for $*****. 5 investors participated in its latest round. Verafin has 8 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of Verafin:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 25, 2019	3609392	Series D	7275426	5126222	1461882	6773159
Sep 25, 2019	3887501	Conventional Debt	3197662	5726797	3373188	Spectrum Equity & 4 more
May 15, 2014	5835392	Series B	2393395	9525486	Spectrum Equity	3121579

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View details of Verafin's funding rounds and investors

The founders of Verafin are Jamie King, Brendan Brothers and Raymond Pretty.

Here are the details of Verafin's key team members:

Jamie King: Co-Founder of Verafin. They are also an angel investor in 1 startup and serve on the boards of 2 companies.
Contact Info: 1 email address
Brendan Brothers: Co-Founder of Verafin.
Raymond Pretty: Co-Founder & CTO of Verafin.

View details of Verafin's Founder profiles and Board Members

Verafin's employee count trend

Verafin has 726 employees as of Sep 26. Here is Verafin's employee count trend over the years:

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Top competitors of Verafin include ComplyAdvantage, Riskified and Entrust. Here is the list of Top 10 competitors of Verafin, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	ComplyAdvantage 2014, London (United Kingdom), Series C	Cloud-based AML solutions	$171M	Ontario Teachers' Pension Plan, Index Ventures ... & 47 others	77/100
2nd	Riskified 2013, New York City (United States), Public	AI-based payment fraud prevention solutions for e-commerce solution	$232M	Founder Collective, Genesis Partners & 22 others	74/100
3rd	Entrust 1969, Dallas (United States), Acquired	Provider of identity-centric security solutions, including issuance and data protection	-	Thoma Bravo, Neuberger Berman Capital Solutions ... & 2 others	74/100
4th	Drata 2020, San Diego (United States), Series C	Risk assessment and management solutions for enterprises	$328M	Notable Capital, Iconiq Capital & 25 others	73/100
5th	Quantexa 2016, London (United Kingdom), Series F	Provider of decision intelligence software for connecting fragmented enterprise data	$545M	GIC, Dawn Capital & 14 others	73/100
6th	Chainalysis 2014, New York City (United States), Series F	Blockchain data platform providing crypto insights	$538M	GIC, Benchmark & 47 others	72/100
7th	HyperVerge 2014, Bengaluru (India), Seed	Provider of end-to-end KYC software and identity verification solutions	$1.55M	New Enterprise Associates, IKP Knowledge Park ... & 6 others	72/100
8th	NICE Actimize 1999, Hoboken (United States), Acquired	Provider of AI-driven anti-money laundering and fraud detection solutions	$24M	Giza Venture Capital, FTV Capital & 3 others	72/100
9th	AuthBridge 2005, Gurugram (India), Series B	Provider of identity verification, employee screening, and due diligence platform	$11.2M	Phi Capital, Infinity Alternatives & 47 others	72/100
10th	Elliptic 2013, London (United Kingdom), Series D	Provider of blockchain analytics software for digital asset risk management	$224M	Paladin Capital, SoftBank & 36 others	71/100
25th	Verafin 2003, St John s (Canada), Acquired	Provider of financial crime management solutions for fraud detection and compliance	$449M	HarbourVest Partners, Teralys Capital & 7 others	67/100