Farhan Afsahi
- CEO at Verifiet
GetLatka interview
How Verifiet Reached $7,800 ARR and 27 Paying Customers with B2B Fraud Prevention (Interview with CEO Farhan Afsahi)
Farhan Afsahi (CEO of Verifiet) spoke to Nathan Latka on July 19, 2023.
Verifiet figures from the interview
- Annual Run-Rate Revenue (2023)
- $7,800
- Paying Customers (2023)
- 27
- ARPU (2023)
- $50
- Team Size (2023)
- 2
“So verifiet, basically, it's it's like Stripe, but for verification. We provide verification APIs for b two b companies that want to learn more about other companies they want to work with and get the company information like company status, registration date, and other data that they might need to verify the legitimacy of the company they want to work with.”
“You want to work with a company in China, you're based in The US, and you want to learn more if you can trust the company you want to work with in China. You just enter the name in our program and it will give you a basic score that whether that company has any type of red flags or not.”
“So they're not a verification and fraud detection company. So we're focusing on fraud prevention mostly and verification part of the job. So they they don't they're not mostly connected to company data sources, government data sources, but we are.”
Bio
22 YO. Started my first startup when I was 18 which was a hybrid of zoom and moodle called Edpex. Then worked on building a web hosting startup called Xegrid. In the meantime learned a lot about design and software development. Now Im working on Verifiet for the last 10 Months.