V

Veriff ✓

AI-native identity verification for fintech, crypto and mobility.

Identity Verification / KYCTallinn, Estonia private Founded 2015
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At a Glance

Legal name
Veriff OU
Jurisdiction
Estonia
Ownership
private
Employees
501-1000
Revenue (est.)
$100M-1B
Headquarters
Parnu mnt 141, 11314 Tallinn, Estonia
Snapshot Last updated 24 April 2026

# Veriff

Founded2015
Employees501-1000
Revenue (est.)$100M-1B
OwnershipPrivate

Veriff

Veriff is a Tallinn-founded identity verification platform launched in 2015 by Kaarel Kotkas and Janer Gorohhov. The company's machine-learning stack verifies 12,000+ government IDs across 230+ issuing jurisdictions in real time, and serves fintechs (Bolt, N26, Wise), crypto exchanges, mobility platforms and regulated marketplaces.

Veriff raised a $100M Series C led by Accel in January 2022 at a $1.5B valuation, putting it in the Estonian unicorn club alongside Bolt, Wise, Pipedrive, Playtech and Skype. The company has since expanded its US headquarters in San Francisco while keeping the engineering and product teams in Tallinn. Total funding stands at roughly $193M across Series A-C from Accel, Tiger Global, IVP, Alkeon and Y Combinator.

The operating entity is Veriff OU, registry code 12932944. Kaarel Kotkas, who started the company at 19 after his father was defrauded online, remains CEO and the largest individual shareholder.

  1. 1

    Estonia e-Residency play

    Veriff sits at the intersection of two Estonian advantages - e-Residency-era obsession with digital identity and a deep ML engineering bench trained inside Skype, Transferwise and Playtech. That combination matters because identity verification is the single most regulated pipeline in fintech, and any vendor that fails an audit in Germany, the US or Singapore loses the customer permanently.

  2. 2

    Estonia e-Residency play

    Estonia's head start on sovereign digital identity - the X-Road infrastructure, the mandatory national ID card with cryptographic authentication, the e-Residency program that now has 120,000+ foreign members - produced a cohort of engineers who understand what makes an identity system cryptographically and operationally trustworthy. When Kotkas and Gorohhov started Veriff, they could hire that cohort at a fraction of San Francisco salaries and with far more relevant experience than any US hire would have.

  3. 3

    Capital markets path

    Structurally, Veriff runs the dual-HQ playbook: Veriff OU in Tallinn for engineering and product, Veriff Inc. in San Francisco for US sales and enterprise customer success. The Estonian 0%-retained-profit tax regime is especially valuable here because identity verification is gross-margin-heavy software: every euro of retained profit can be plowed into ML research without the 21% corporate tax drag a Delaware parent would take. Veriff has not yet flipped to a Delaware holdco - at Series C this is still optional, though a Series D or IPO preparation would force the move.

  4. 4

    Estonia e-Residency play

    For founders in regulated B2B SaaS (KYC, AML, fraud, compliance-tech), Veriff's path is the default to copy: OU in Tallinn, US sub in San Francisco from Series A, Delaware flip only when an institutional lead demands it.

Corporate Timeline

  1. Jan 2015Incorporation

    Veriff founded

    Founded in 2015.

    Source →

Build Your Own

Replicate Veriff's structure in 4 steps

The formation playbook, distilled from how this company was actually set up.

1

Estonia e-Residency play

**Veriff OU** (Tallinn) - Estonian operating entity, engineering, product, IP, registry code 12932944.

2

German entity type

**Veriff Inc.** (San Francisco) - US sales and enterprise entity.

3

Additional regional subs in the UK and Spain for regulated

Additional regional subs in the UK and Spain for regulated operations.

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Recent News & Filings

Frequently Asked Questions

Is Veriff a unicorn?

Yes. Accel led a $100M Series C in January 2022 at a $1.5B valuation, making Veriff an Estonian unicorn.

Who founded Veriff?

Kaarel Kotkas (CEO) and Janer Gorohhov (CPO) founded the company in Tallinn in 2015 after Kotkas's father was defrauded online.

Where is Veriff based?

Headquarters is in Tallinn, Estonia. Veriff also operates a significant US office in San Francisco and smaller offices in London and Barcelona.

Who are Veriff's main competitors?

Onfido, Jumio, Persona, Sumsub and Socure. Veriff differentiates on coverage (230+ jurisdictions) and automation rate.

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