Estonian Startup Veriff Partners With Blockchain

Veriff, an Estonian personal identification services startup has been chosen by Blockchain, the leading provider of cryptocurrency products, for its online identity verification services.

Veriff will be tasked with user onboarding and verifying their identity by comparing the data obtained from their identification document, video feed and device.

The company started testing Veriff’s service in early 2019, and has to date used it to verify the identity of millions of its customers, preventing fraudsters from using the company’s platform.

“As you create more sophisticated products to empower this mission, identity verification becomes vital to providing users with the best experience. Veriff’s technology is world-class, and they’ve been an even better partner.”

Xen Baynham-Herd, general manager of Blockchain

History of Veriff

The Estonian technology company that provides tools for the virtual authentication of individuals, thus protecting companies and their customers from identity fraud and theft.

User identity is verified by AI, which simultaneously uses thousands of data points and is capable of assessing over 3,000 types of identity documents from over 190 states.

The company has approximately 300 people working in its Tallinn office. It has raised $7.35 million worth of investments to date; investors in the company include:

  • Mosaic Ventures
  • Y-Combinator
  • SV Angel, ACE & Company
  • LIFT99, Superangel
  • Taavet Hinrikus
  • Ashton Kutcher
  • Paul Buchheit
  • Elad Gil
  • Sten Tamkivi
  • Jaan Tallinn
  • Ragnar Sass
  • Gustaf Alstromer
  • Anu Harihara
  • former LexisNexis CEO Andrew Prozes

source image by Veriff’s medium page

Veriff Brave

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