Onfido vs Veriff

Veriff has a disclosed valuation of $1.5B, while Onfido's valuation is not publicly available, making a direct size comparison difficult. Veriff employs 500-1000 people.

Onfido has raised more in total funding at $200M, compared to Veriff's $192M — a gap of $8M.

Veriff holds the higher Awaira Score at 83/100, compared to Onfido's 68/100. The Awaira Score is a composite metric factoring in valuation, funding, stage, team size, and market presence — a 15-point gap that reflects meaningful differences in scale or traction.

Onfido was founded by Husayn Kassai in 2012. Veriff was founded by Kaarel Kotkas in 2015. Visit each company's profile on Awaira for a full founder biography.

Onfido: Onfido provided AI-powered identity verification services, using computer vision and machine learning to authenticate government-issued documents and biometric selfies for remote customer onboarding. The platform enabled banks, fintech companies, and regulated service providers to comply with Know Your Customer requirements without requiring in-person identity checks, processing identity verifications across more than 195 countries and supporting hundreds of document types.\n\nFounded in London in 2012, Onfido raised approximately $200 million from investors including SoftBank, TPG Growth, and Salesforce Ventures before being acquired by Entrust, the identity security company, in 2024 for approximately $400 million. At the time of acquisition, Onfido was processing hundreds of millions of identity checks annually for clients including HSBC, Revolut, and Bitstamp, making it one of the largest independent identity verification providers in the world.\n\nOnfido competed in the KYC and identity verification market alongside Jumio, Mitek, and AU10TIX, as well as large platform players including Experian and LexisNexis. The acquisition by Entrust gave Onfido access to a broader portfolio of physical and digital identity credentials and an enterprise sales channel with reach across government, banking, and enterprise security. The combined entity positions Entrust as a full-stack identity provider spanning physical documents, digital certificates, and AI-powered biometric verification. Veriff: Veriff provides AI-powered identity verification software, using computer vision and machine learning to authenticate identity documents and match biometric selfies in real-time during remote digital onboarding flows for financial services, mobility, gaming, and sharing economy companies. The Tallinn-founded company platform processes identity verifications across more than 230 countries and supports over 10,000 document types in its classification and fraud detection models.\n\nThe company raised approximately $192 million including a $100 million Series C round led by Tiger Global, reaching a valuation of $1.5 billion. Veriff counts Bolt, Monzo, Wise, and numerous regulated enterprise clients among its customers, processing millions of identity verifications monthly as a critical compliance infrastructure component for digital-first businesses. The company has expanded from Tallinn with offices in Tallinn, London, New York, and Barcelona, reflecting both its European origin and its growing US market penetration.\n\nVeriff competes in the global identity verification market alongside Onfido (acquired by Entrust), Jumio, and Persona, with the market expanding rapidly as digital financial services, crypto exchanges, and sharing economy platforms face increasing KYC regulatory requirements. Its differentiation includes unusually broad document type coverage, high automation rates on complex and degraded document images, and fraud detection models trained on a large global dataset of identity fraud attempts. Veriff represents one of the most successful technology exits from the Estonian startup ecosystem and a flagship example of Baltic technology entrepreneurship.

Onfido was founded first in 2012, giving it 3 years of additional market experience. Veriff was founded later in 2015. In AI, even a year or two of head start can translate into significantly more training data, customer relationships, and institutional knowledge.

Both Onfido and Veriff report similar employee counts of approximately 500-1000. Team size is often a proxy for operational scale, though lean AI companies can punch well above their headcount.

Yes, Onfido and Veriff are direct competitors — both operate in the AI Security space and likely target overlapping customer segments. This comparison is especially relevant for buyers evaluating both platforms.