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.

Where does Verafin rank among its competitors?

Verafin ranks 24th amongst 1837 active competitors, of which 310 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Idfy, which secured $23M in Jun, 2026.

Who are the top competitors of Verafin?

Verafin's top competitors include Symphony, ComplyAdvantage and Sift. Among them, Idfy secured the most recent funding round in June, 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 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 1837 active competitors, including 310 funded and 240 that have exited. Its top competitors include companies like Symphony, ComplyAdvantage and Sift.

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

24^th among 1837 active competitors

Employee Count

726 as on Sep 30, 2026

Similar Companies

ComplyAdvantage & 1137 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	Documents
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	4197809	Series D	5263255	1499885	4280302	1432152
Sep 25, 2019	2899860	Conventional Debt	2752023	7617982	4787766	Spectrum Equity & 4 more
May 15, 2014	6626810	Series B	2461035	8319735	Spectrum Equity	8815938

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View details of Verafin's funding rounds and investors

The founders of Verafin are Jamie King 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
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 Symphony, ComplyAdvantage and Sift. 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	Symphony 2014, New York City (United States), Series E	Compliance management solutions for financial institutions	$461M	Lakestar, UBS & 38 others	76/100
2nd	ComplyAdvantage 2014, London (United Kingdom), Series C	Cloud-based AML solutions	$171M	Ontario Teachers' Pension Plan, Index Ventures ... & 46 others	75/100
3rd	Sift 1997, San Francisco (United States), Series D	Provider of an AI-powered platform for fraud detection and prevention	$162M	Insight Partners, Spark Capital & 22 others	75/100
4th	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
5th	Simplex 2014, Ramat Gan (Israel), Acquired	AI-based crypto payments and fraud prevention solutions for businesses	$19M	Cumberland Mining, FundersClub & 12 others	73/100
6th	Riskified 2013, New York City (United States), Public	AI-based payment fraud prevention solutions for e-commerce solution	$232M	Founder Collective, Genesis Partners & 21 others	73/100
7th	Chainalysis 2014, New York City (United States), Series F	Blockchain data platform providing crypto insights	$538M	GIC, Benchmark & 45 others	71/100
8th	Idfy 2011, Mumbai (India), Series F	Provider of a platform for identity verification and risk management	$85.4M	Blume Venture, New Enterprise Associates ... & 40 others	71/100
9th	Signifyd 2011, Palo Alto (United States), Series E	Provider of fraud prevention and payment validation for online retailers	$394M	Resolute Ventures, Owl Rock & 30 others	70/100
10th	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	70/100
24th	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	66/100