Verafin - Crunchbase Company Profile & Funding

Q: Where is Verafin's headquarters?

Verafin is located in St. John's, Newfoundland, Canada.

Q: Who invested in Verafin?

Verafin has 10 investors including Scotiabank And BDC Venture Capital.

Q: When was the last funding round for Verafin?

Verafin closed its last funding round on obfuscated from a Private Equity round.

Overview

Verafin

Total Funding

obfuscation

Growth Score

Heat Score

Company Performance Metrics

Score

Trend

About These Metrics

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Growth Score - The measure of growth based on company activity, operational metrics, and investments

Growth Trend - The change in the growth score over the given time period

Heat Score - The measure of the market interest, media activity, and Crunchbase profile activity

Heat Trend - The change in the heat score over the given time period

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About Verafin

CB Rank

19205

Verafin offers a fraud and AML detection platform that helps detect, investigate, and report money laundering and financial fraud.

Acquired by

Nasdaq

Founded

obfuscation

Private

Private Equity

St. John's, Newfoundland, Canada

1001-5000

www.verafin.com/

Compliance

Enterprise Software

Finance

FinTech

Fraud Detection

Information Technology

Security

Software

Funding Rounds

Private Equity

OBF

obfuscation

Debt Financing

OBF

obfuscation

Private Equity

OBF

obfuscation

Key People

Andrew King: Chief Operating Officer
Past Role: Verafin, Vice President - Alliances
Marvin Chaulk: Vice-President of Administration

Details

Legal Name

Verafin Inc.

Operating Status

Active

Company Type

For Profit

Founders

Brendan Brothers, Raymond Pretty

About the Company

Verafin provides a cloud-based cross-institutional software platform for Fraud Detection and Management, BSA/AML Compliance and Management, High-Risk Customer Management, and Secure 314(b) Information Sharing. More than 2600 banks and credit unions use Verafin to effectively fight financial crime and comply with regulations.

Leveraging its

big data intelligence, visual storytelling, and collaborative investigation capabilities, Verafin significantly reduces false positive alerts, delivers context-rich insights, and streamlines the daunting BSA/AML compliance processes that financial institutions face today.

Verafin is the exclusive provider for Texas Bankers Association, Western Bankers Association, Florida Bankers Association, Illinois Bankers Association, Massachusetts Bankers Association, and CUNA Strategic Services, with industry endorsements in 47 U.S. states.

Phone Number

877.368.9986

Contact Email

info@verafin.com

Predictions & Insights

Growth Insight

See this Growth Insight

Verafin is

Lorem

to be growing

Top Contributing Factors

Recently Raised Funding

Growth Prediction

See this Growth Prediction

Top Contributing Factors

Has Achieved Unicorn Status

Products & Services

Fraud Detection and Management

A platform that analyzes customer activity across multiple transaction channels to detect and alert on various types of financial fraud.

AML/CFT Compliance and Management

A solution that supports anti-money laundering and counter-financing of terrorism compliance through transaction monitoring and regulatory reporting.

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Financials

Company Funding

Funding Rounds

Investors

Total Funding Amount

obfuscation

Number of Funding Rounds

Unlock company funding data, including rounds, dates, amounts, and investors.

Announced Date	Transaction Name	Number of Investors	Money Raised	Lead Investors	Funding Type
obfuscated obfuscation	Private Equity Round - Verafin	6	obfuscated obfuscation	Information Venture Partners, Spectrum Equity	Private Equity
obfuscated obfuscation	Private Equity Round - Verafin	6	obfuscated obfuscation	Information Venture Partners, Spectrum Equity	Private Equity
obfuscated obfuscation	Private Equity Round - Verafin	6	obfuscated obfuscation	Information Venture Partners, Spectrum Equity	Private Equity
obfuscated obfuscation	Private Equity Round - Verafin	6	obfuscated obfuscation	Information Venture Partners, Spectrum Equity	Private Equity
obfuscated obfuscation	Private Equity Round - Verafin	6	obfuscated obfuscation	Information Venture Partners, Spectrum Equity	Private Equity

Funding Rounds

Total Funding Amount

obfuscation

Number of Funding Rounds

Unlock company funding data, including rounds, dates, amounts, and investors.

Announced Date	Transaction Name	Number of Investors	Money Raised	Lead Investors	Funding Type
obfuscated obfuscation	Private Equity Round - Verafin	6	obfuscated obfuscation	Information Venture Partners, Spectrum Equity	Private Equity
obfuscated obfuscation	Private Equity Round - Verafin	6	obfuscated obfuscation	Information Venture Partners, Spectrum Equity	Private Equity
obfuscated obfuscation	Private Equity Round - Verafin	6	obfuscated obfuscation	Information Venture Partners, Spectrum Equity	Private Equity
obfuscated obfuscation	Private Equity Round - Verafin	6	obfuscated obfuscation	Information Venture Partners, Spectrum Equity	Private Equity
obfuscated obfuscation	Private Equity Round - Verafin	6	obfuscated obfuscation	Information Venture Partners, Spectrum Equity	Private Equity

Investors

Unlock company funding data, including rounds, dates, amounts, and investors.

Investor Name	Lead Investor	Funding Round	Partners
Scotiabank	—	Debt Financing - Verafin	—
Scotiabank	—	Debt Financing - Verafin	—
Scotiabank	—	Debt Financing - Verafin	—
Scotiabank	—	Debt Financing - Verafin	—
Scotiabank	—	Debt Financing - Verafin	—