Verafin

Verafin is a cloud-based platform that provides visual storytelling, anti-money laundering and fraud detection solutions for financial institutions. Read more

510 Followers on Owler
510 Followers on Owler
510 Followers on Owler
510 Followers on Owler

Verafin

Verafin is a cloud-based platform that provides visual storytelling, anti-money laundering and fraud detection solutions for financial institutions. Read more

Jamie King's photo - President & CEO of Verafin

President & CEO

Jamie King

CEO Approval Rating

87/100

VERAFIN TOP COMPETITORS OR ALTERNATIVES

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Abrigo has been one of Verafin's top competitors. Abrigo is a Private company that was founded in 2000 in Austin, Texas. Like Verafin, Abrigo also competes in the SaaS sector.

NICE Actimize is seen as one of Verafin's biggest rivals. NICE Actimize is a Private company that was founded in Ra'anana, Center District in 1999. Like Verafin, NICE Actimize also operates in the SaaS sector. NICE Actimize has 500 more employees vs. Verafin.

YellowHammer is perceived as one of Verafin's biggest rivals. YellowHammer was founded in Brooklyn, New York} in 2009. Like Verafin, YellowHammer also competes in the SaaS space. Compared to Verafin, YellowHammer generates $88M less revenue.

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Growth Score - 1/1

Is $100M a good estimate for Verafin's revenue?

Verafin Acquisitions

No recent acquisitions found related to Verafin

Verafin Funding History

Since Verafin was founded in 2003, it has participated in 3 rounds of funding. In total Verafin has raised $448.7M. Verafin's last funding round was on Sep 2019 for a total of $388.6M

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Equity
Sep 2019
$388.6M

Spectrum Equity

Equity
May 2014
$55M
Unattributed
Sep 2009
$5.1M
-

Since Verafin was founded in 2003, it has participated in 3 rounds of funding. In total Verafin has raised $448.7M. Verafin's last funding round was on Sep 2019 for a total of $388.6M

Verafin Investments

No recent investments found related to Verafin

Verafin News

December 8, 2020MarketWatch

Nasdaq borrows $1.9 billion to buy financial crime-fighting platform Verafin

Nasdaq Inc., the popular stock-index and data company, raised $1.9 billion on Monday in the bond mark... See more »
November 25, 2020Global Legal Chronicle

Nasdaq's US$2.75 Billion Acquisition of Verafin

William Blair & Company acted as financial advisor to Verafin in connection with the transaction. Osl... See more »
November 23, 2020Huddle Today

Verafin Deal Puts Atlantic Canada On The Global Fintech Map. Now What?

Alicia Ismach was on the ground floor when Israel started building its now booming fintech sector. Th... See more »
November 20, 2020Bilyonaryo

Nasdaq buys Canadian fraud-detection company for $2.75B

Verafin, founded in 2003 in St. John's, Newfoundland and Labrador, employs machine learning, data ana... See more »
November 19, 2020Private Capital Journal

Nasdaq to acquire Verafin for US $2.75B

Nasdaq to acquire Verafin for US $2.75B from Spectrum Equity, Information Venture Partners, Killick C... See more »
November 19, 2020DailyAlts

Financial Fraud Detecting Platform Verafin Sold To Nasdaq

Global technology company Nasdaq (NASDAQ: NDAQ) announced today its acquisition of Canada-based Veraf... See more »
October 1, 2019IT World Canada

Largest ever Canadian venture deal worth $515 million secured by Newfoundland software company

Verafin, a Newfoundland-based financial crime management software company, recently completed a CA$51... See more »

Verafin Blogs

June 11, 2020Verafin Blog

Money Mules Moving Illicit Proceeds from COVID-19-Related Crimes

“In the past, money mules have been viewed as low-level offenders, transferring small amounts of cash... See more »
May 29, 2020Verafin Blog

Analysis & Commentary: FinCEN’s Proposed Burden Estimate for Preparing and Filing SARs

On May 26, 2020, the Financial Crimes Enforcement Network (FinCEN) published a Notice in the Federal ... See more »
May 28, 2020Verafin Blog

Benefits Fraud Rising as Unemployment Claims Soar

“It is deeply troubling to see these reports of fraudulent unemployment claims being filed and allege... See more »
May 25, 2020Verafin Blog

Industry Advisory: Detecting and Reporting COVID-19-Related Medical Scams

On May 18, the Financial Crimes Enforcement Network (FinCEN) released a new Advisory on Medical Scams... See more »
May 8, 2020Verafin Blog

Economic Stimulus Payments Targeted by Fraudsters

“The CARES Act… together with three related pieces of pandemic relief legislation represent at least ... See more »
May 4, 2020Verafin Blog

Taking Quick Action Against COVID-19 Crimes

Financial crime has proven to be a serious and growing challenge during the COVID-19 crisis. Fraudste... See more »
April 6, 2020Verafin Blog

Impact of COVID-19 Crisis on Financial Crime Management Programs

As COVID-19 continues to impact financial systems around the globe, early reports are emerging on how... See more »

Verafin Press Releases

November 25, 2015Business Wire

Fraud Detection and AML Regional Seminars

ST. JOHN'S, Newfoundland and Labrador--(BUSINESS WIRE)--Verafin announces dates, locations and speake... See more »
November 23, 2015BUSINESS WIRE

Verafin among Canada's Top 100 Employers Three Years in a Row

ST. JOHN'S, Newfoundland and Labrador--(BUSINESS WIRE)--Verafin, provider of cloud-based Fraud Detect... See more »
October 15, 2015BUSINESS WIRE

Verafin Founders Win EY Entrepreneur of the Year for Information Technology in Atlantic Region

ST. JOHN'S, Newfoundland--(BUSINESS WIRE)--The founders of Verafin, the cloud-based financial crime d... See more »
October 6, 2015BUSINESS WIRE

Independent Community Bankers of America Selects Verafin as a Preferred Service Provider

ST. JOHN'S, Newfoundland and Labrador--(BUSINESS WIRE)--Verafin, the industry-leading, cloud based cr... See more »
September 25, 2015BUSINESS WIRE

Financial Industry Hot Topics Covered at Verafin's 2015 FRAMLxpo

ST. JOHN'S, Newfoundland and Labrador--(BUSINESS WIRE)--Verafin Inc., an industry-leading, cloud base... See more »
June 18, 2015BUSINESS WIRE

Verafin Wins Best Place to Work in Atlantic Canada

ST. JOHN'S, Newfoundland and Labrador--(BUSINESS WIRE)--Verafin announces that it was named the Best ... See more »
March 24, 2015BUSINESS WIRE

Verafin Visits California with Two High-Profile Speakers to Showcase FRAMLx - a Groundbreaking Technology in the Fight against Financial Crime

ST. JOHN'S, Newfoundland and Labrador--(BUSINESS WIRE)--Verafin Inc. unveils FRAMLx, an innovative en... See more »

Verafin Videos

Social Media

Verafin Headquarters

18 Hebron Way

Saint John, Newfoundland and LabradorA1A 0L9

1-877-368-9986

Driving Directions »

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Verafin Summary

ABOUT

Overview

Verafin is a cloud-based platform that provides visual storytelling, anti-money laundering and fraud detection solutions for financial institutions. Verafin was founded in 2003. Verafin's headquarters is located in Saint John, Newfoundland and Labrado...

CEO

Verafin's President & CEO, Jamie King, currently has an approval rating of 87%. Verafin's primary competitors are Abrigo , NICE Actimize & YellowHammer.

Website

verafin.com

Frequently Asked Questions about Verafin

  1. When was Verafin founded?

    Verafin was founded in 2003
  2. Who is Verafin's CEO?

    Verafin's CEO is Jamie King
  3. How much revenue does Verafin generate?

    Verafin generates $100M in revenue
  4. How much funding does Verafin have?

    Verafin has historically raised $448.7M in funding
  1. Where is Verafin's headquarters?

    Verafin's headquarters is in Saint John Newfoundland and Labrador, CA
  2. How many employees does Verafin have?

    Verafin has 500 employees
  3. What sector does Verafin operate in?

    Verafin is in SaaS, Fintech, Artificial Intelligence (AI)
  4. Who are Verafin's competitors?

    Verafin's top competitors are Abrigo , NICE Actimize, YellowHammer