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How Veriff CEO Kaarel Kotkas grew Veriff to $41.6M revenue and 40 customers in 2024.

Provider of a web and mobile identity verification platform intended to offer web-based identification services. The company's platform offers a secure authentication, cross-platform technology that helps to detect fraud as well as helps any website or mobile application to verify drivers license, passport and other identities, enabling the commercial sectors to improve fraud prevention and compliance with KYC regulations.

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Veriff Revenue

In 2024, Veriff's revenue reached $41.6M. The company previously reported $20.2M in 2023. Since its launch in 2015, Veriff has shown consistent revenue growth.

Veriff Revenue GrowthReported revenue / ARR by year$0$10M$20M$30M$40M$50M201520172019202120232024$0$13M$20M$42MSource: GetLatka.com
YearMilestone
2024Veriff Hit $41.6m revenue in October 2024
2023Veriff Hit $20.2m revenue in December 2023
2021Veriff Hit $13.5m revenue in April 2021
2015Launched with $0 revenue

Veriff Valuation, Funding Rounds

Veriff's most recent disclosed valuation is $1.5B.

Veriff has raised $92.3M in total funding across 4 rounds, with its most recent round in 2021.

Veriff Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$20M$40M$60M$80M$100M20152016201720182019202020212015 cumulative: $0 • 2015 Founded: $02018 cumulative: $120K • 2015 Founded: $0 • 2018 Funding round: $120K2018 cumulative: $8M • 2015 Founded: $0 • 2018 Funding round: $120K • 2018 Funding round: $8M2020 cumulative: $23M • 2015 Founded: $0 • 2018 Funding round: $120K • 2018 Funding round: $8M • 2020 Funding round: $16M2021 cumulative: $92M • 2015 Founded: $0 • 2018 Funding round: $120K • 2018 Funding round: $8M • 2020 Funding round: $16M • 2021 Funding round: $69M$92M2015 Founded: $0 valuationSource: GetLatka.com
YearRoundAmountValuation% Sold
2021Funding round$69M--
2020Funding round$15.5M--
2018Funding round$7.7M--
2018Funding round$120K--

Veriff Employees & Team Size

Veriff employs approximately 501 people as of 2026, up from 410 in 2024.

Veriff has 501 total employees in different roles and functions. They have 40 customers that rely on the company's solutions.

Veriff Team GrowthReported headcount over time012525037550062520152017201920212023202500501501Source: GetLatka.com
YearMilestone
2025Reached 501 employees (November 2025)
2024Reached 410 employees (December 2024)
2024Reached 399 employees (October 2024)
2023Reached 464 employees (December 2023)
2023Reached 464 employees (July 2023)
2022Reached 526 employees (December 2022)
2021Reached 372 employees (December 2021)
2021Reached 246 employees (April 2021)

Founder / CEO

Kaarel Kotkas

Kaarel Kotkas is listed as Founder / CEO at Veriff.

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Customers

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Frequently Asked Questions about Veriff

What is Veriff's revenue?

Veriff generates $41.6M in revenue.

Who founded Veriff?

Veriff was founded by Kaarel Kotkas.

Who is the CEO of Veriff?

The CEO of Veriff is Kaarel Kotkas.

How much funding does Veriff have?

Veriff raised $92.3M.

How many employees does Veriff have?

Veriff has 501 employees.

Where is Veriff headquarters?

Veriff is headquartered in Tallinn, Harjumaa, Estonia.

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Source Attribution

Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.

Company data last updated .

Veriff Revenue 2024: $41.6M ARR, $1.5B Valuation