Estonia-based global identity verification provider Veriff has announced it succeeded in securing $69mn (ca €58mn) in a series B funding round led by investment firms IVP and Accel.
This latest investment brings Veriff’s total secured funding to date to $92.8mn, or approximately €78.6mn, the company said.
With this latest round of funding, Veriff will continue building within the fast-growing market opportunity in the US and deliver on its promise of building a stronger source of identity online than government-issued IDs alone currently provide. In addition, raising the money will allow a larger wave of recruitment to begin.
Veriff currently has more than 40 positions open in Estonia, the United Kingdom and the United States. The company is looking for employees for development, product and verification teams as well as support units. Veriff plans to recruit more than 100 new employees by the end of the year.
Founded in 2015 by Kaarel Kotkas, Veriff serves organisations across the fintech, crypto, and mobility sectors.
Related Articles
Poland’s Orlen signs deal to supply Ukraine with LNG
Ukraine’s Naftogaz will purchase 100mn cubic metres of LNG from Poland’s Orlen, Ukraine’s biggest state-owned energy firm announced on March 7. The LNG will be transported from cargoes ... more
Swedbank Estonia CEO says Lithuania's bank taxes spooked investors' and foreign banks’ interest
Olavi Lepp, CEO of Swedbank’s Estonian branch, stated that Lithuania’s recently imposed temporary bank solidarity levy has dampened interest among new banks and foreign investors in the ... more
Citadele Bank profit in Baltics in H1 plummets 21% y/y to €50.9mn
Citadele, a pan-Baltic bank, reported a 21% decrease in net profit for the first half of 2024, totalling €50.9 million compared to €64.5 million in the same period last year, BNS, a Baltic ... more
Most Read
-
Serbian biotech Dren Bio sold to Sanofi for $1.9bn
1 month ago
-
Indonesia expands military role in government, protesters clash with police in Jakarta
1 month ago
-
US sets six conditions for Iran talks in Trump letter to Supreme Leader
1 month ago
-
Zero pressure from US as Imamoglu protesters warn Erdogan snuffing out last remnants of Turkey’s democracy
30 days ago
-
Is Ukraine heading towards Finlandisation?
30 days ago