Verafin - About the company
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 1475 active competitors, including 292 funded and 218 that have exited. Its top competitors include companies like ComplyAdvantage, IDfy and Riskified.
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
Investors
Ranked
22nd among 1475 active competitors
Employee Count
723 as on Mar 31, 2026
Similar Companies
Exit Details
Acquired by Nasdaq (Nov 19, 2020)
Legal entities associated with Verafin
Verafin is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
VERAFIN USA INC. CIN: 455449071 , United States, Active | Dec 31, 1999 | - | 32 (As on Dec 31, 2022) | - |
Verafin's acquisition details
Verafin got acquired by Nasdaq on Nov 19, 2020 at an acquisition amount of $2.75B. It was facilitated by William Blair, Evercore and SRS Acquiom.
Click here to take a look at Verafin's acquisition in detail
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Verafin's funding and investors
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 Conventional Debt 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
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Sep 25, 2019 | 1017049 | Conventional Debt | 2177993 | 7800516 | 8631989 | 5683634 |
Sep 25, 2019 | 5894029 | Series D | 2504785 | 8592035 | 4264612 | |
May 15, 2014 | 8388869 | Series B | 4301594 | 7665616 | 8533170 |
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Verafin's founders and board of directors
Founder? Claim ProfileHere 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 723 employees as of Mar 26. Here is Verafin's employee count trend over the years:
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Verafin's Competitors and alternates
Top competitors of Verafin include ComplyAdvantage, IDfy and Riskified. Here is the list of Top 10 competitors of Verafin, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  ComplyAdvantage 2014, London (United Kingdom), Series C | Cloud-based AML solutions | $167M | 77/100 | |
2nd | Provider of a platform for identity verification and risk management | $62.7M | 75/100 | ||
3rd |  Riskified 2013, New York City (United States), Public | AI-based payment fraud prevention solutions for e-commerce solution | $232M | 73/100 | |
4th | Quantexa 2016, London (United Kingdom), Series F | AI powered data and decision intelligence solutions | $546M | 72/100 | |
5th | Entrust 1969, Dallas (United States), Acquired | Provider of identity-centric security solutions, including issuance and data protection | - | 71/100 | |
6th |  Sift 1997, San Francisco (United States), Series D | Provider of an AI-powered platform for fraud detection and prevention | $162M | 71/100 | |
7th | Signifyd 2011, Palo Alto (United States), Series E | Provider of fraud prevention and payment validation for online retailers | $394M | 70/100 | |
8th | NICE Actimize 1999, Hoboken (United States), Acquired | Provider of AI-driven anti-money laundering and fraud detection solutions | $24M | 70/100 | |
9th |  EverC 2011, New York (United States), Acquired | AI-enabled transaction monitoring solutions for financial institutions | $48M | 70/100 | |
10th |  Featurespace 2005, Cambridge (United Kingdom), Acquired | Developer of risk management and fraud prevention software solutions | $111M | 69/100 | |
22nd | Provider of financial crime management solutions for fraud detection and compliance | $449M | 66/100 |
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Verafin's Investments and acquisitions
Verafin has made no investments or acquisitions yet.
Reports related to Verafin
Here is the latest report on Verafin's sector:
News related to Verafin
Filter this listMedia has covered Verafin for a total of 3 events in the last 1 year, 2 of them have been about partnerships and 1 about company updates.
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Nasdaq Verafin Joins Global Anti-Scam Alliance to Fight Financial CrimeACN Newswire•Dec 10, 2025•Global Anti-Scam Alliance, Verafin
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Nasdaq Verafin and BioCatch Partner to Fight Financial Crime GloballyGlobeNewswire•Sep 03, 2025•Verafin, BioCatch
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Verafin Recognized as Leader in Payment Risk Solutions by Chartis Risktech Quadrant® 2023Financial Post•Aug 25, 2023•Verafin
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Maticmind S.p.A.’s Acquisition Of The Remaining 45% Interest In SIND S.p.A.Global Legal Chronicle•Sep 08, 2022•Verafin, Maticmind
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