Veridas
- Company typePrivate
- Founded2017
- HeadquartersTajonar, Spain
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
Veridas firmographics
Firmographics- Name
- Veridas
- Legal name
- Veridas
- Website
- https://veridas.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Ownership category
- akta.pro rank
Veridas industry classification
Industry- Product category
- Identity Verification
- NAICS
- Investigation and Personal Background Check Services (561611)
- akta.pro primary industry
- Fraud Prevention & Identity Verification (IDV/KYC) (BPAMAEAI)
- akta.pro secondary industries
- Identity Verification & Digital ID (IDV, eIDAS, biometrics) (FSAGAFAA), Identity Verification & Proofing (IDV, KYC, Biometrics) (HDADAAAF), Decentralized Identity (DID) & Identity Wallets (DID methods, DIDComm, identity agents) (FSAPACAG)
Keywords
Where Veridas is headquartered
LocationHeadquarters
- HQ city
- Tajonar
- HQ country
- Spain
- HQ region
- Europe
Offices10 records
Markets served
Veridas business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Identity Verification Platform Subscription: SaaS-based identity verification platform subscription with usage-based pricing per verification. Pricing ranges from $0.33 to $3.70 per verification depending on volume and features used. Available through Google Cloud and AWS Marketplaces with cloud credit utilization.
- Transaction-based Verification: Pay-per-verification model where customers are charged per identity verification transaction. Volume-based pricing tiers with costs varying based on verification complexity and security features required.
- Professional Services: Identity Advisory Services including technical consulting during integration, 24/7 cloud monitoring, dedicated support, fraud tracking, free updates, and sandbox access as part of ongoing customer success engagement.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Pay-as-you-go | Standard Verification (Document + Biometric) |
| Subscription | Annual | Enterprise Volume Pricing |
Go-to-market motion3 records
Distribution channels6 records
Marketing channels8 records
Veridas product offering
Product offeringCore offering
Veridas provides a 100% proprietary, AI-driven identity verification and biometric authentication platform that combines document verification, facial biometrics, voice biometrics, liveness detection, and fraud detection into a single SaaS/API solution. The platform is delivered to enterprise customers via direct integration, cloud marketplaces (Google Cloud, AWS), and partner channels, and is used for KYC/AML compliance, customer onboarding, contact center authentication, age verification, and proof-of-life use cases. The company also offers a decentralized digital identity wallet (Nexus) for verifiable credentials compliant with eIDAS2 and GDPR.
Product overview
Veridas offers a 100% proprietary identity verification and biometric authentication platform. The core Identity Verification Platform combines document verification, facial biometrics, and fraud detection (PAD & IAD Anti-Fraud Shield). Add-on modules include Face Authentication for passwordless login, Voice Authentication for contact center security, Duplication Defense for synthetic identity detection, and Nexus Identity Wallet for decentralized digital credentials. The portfolio serves industries including banking, telcos, iGaming, crypto, insurance, healthcare, and mobility across 190+ countries.
Differentiator
Problem solved
Functional benefit
Brands
- Nexus Identity Wallet: A decentralized digital identity platform that allows organizations to issue, verify, and manage digital credentials securely and in compliance with regulations.
Products and services
- Identity Verification Platform AI-powered end-to-end identity verification platform combining document verification, facial biometrics, liveness detection, and fraud detection in a single unified solution for enterprise customers.
- Document Verification Automated AI-driven document verification with 99%+ accuracy that detects forged, altered, or manipulated identity documents; supports 500+ document types across 190+ countries with NFC chip reading for passports and national IDs.
- PAD & IAD Anti-Fraud Shield Presentation Attack Detection (PAD) and Injection Attack Detection (IAD) technology protecting against deepfakes, synthetic images, emulators, bots, and virtual machines in real time; iBeta Level 1 & 2 certified.
- Face Biometric Check Facial recognition technology based on AI and deep neural networks; verifies or identifies persons by comparing facial features; NIST-ranked #2 globally; processes in under 300ms with 99%+ accuracy.
- Face Authentication Facial biometric authentication solution enabling customers to log in using a selfie; eliminates passwords; prevents account takeover; certified by NIST and iBeta Level 1 & 2.
- Duplication Defense Duplicate identity detection solution that identifies and eliminates duplicate or synthetic identities by comparing facial data against existing records; processes 1 face against 1 million in under 1 second with 99%+ accuracy.
- Voice Authentication Voice biometric authentication solution using unique voice characteristics; 3-second enrollment and verification; reduces call center AHT by 60+ seconds; NIST-ranked #1 globally for voice biometrics.
- Nexus Identity Wallet Decentralized digital identity wallet enabling organizations to issue, verify, and manage digital credentials; compliant with eIDAS2 and GDPR; credentials are encrypted and stored on user's mobile device with selective disclosure capabilities.
Quantifiable outcome
- Reduces contact center Average Handling Time by 60+ seconds with voice biometrics
- +7 more outcomes
Companies that use Veridas
Customer profileNamed customers17 records
Segments8 records
Ideal customer profiles6 records
Veridas technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
AI capability10 records
Feature8 records
Veridas partnerships and signals
Strategic signalPartnerships
15 partnerships are on record, tiered core and minor.
- Q2 IngressoscoreVeridas partnered with Q2 Ingressos to improve security and reduce ticket fraud at major events in Brazil. The collaboration launched a facial validation solution used at Brazil's largest event producers' gathering with over 4,500 validations in two days. This partnership expands Veridas' presence in the Brazilian events and ticketing market.
- BBVA MexicocoreBBVA Mexico partnered with Veridas to implement voice biometric authentication allowing Mexican pensioners to verify proof of life from home via phone call. Over 147,000 citizens registered, completing 359,000 verification processes with 9-point NPS improvement and cost savings for the bank. Partnership won The Banker's Fintech Partnership prize.
- MaxxacoreMaxxa partnered with Veridas for identity automation to scale SME financing in Latin America. Veridas provides automated IDV enabling Maxxa to process SME loan applications with reduced fraud and faster onboarding times.
- AplazamecoreAplazame implemented Veridas for digital onboarding in BNPL financing. Results include 1,000x increase in financing volume, 85% automated validation, and 5-second average validation time with no major fraud attempts succeeding.
- PlazocorePlazo deployed Veridas for faster, safer digital onboarding achieving 95%+ fraudulent attempt detection, 99%+ verification success rate, and 3% faster onboarding process for financial wellness services.
- bplay (Grupo Boldt)corebplay implemented Veridas for player verification in Argentine online gaming ecosystem. Over 840,000 verified players with 100% compliance with gaming regulations. Verification integrates seamlessly so users hardly notice the identity check.
- FC BarcelonaminorFC Barcelona uses Veridas for fan registration through voice biometric enrollment during onboarding, capturing 5 seconds of voice for future authentication.
- ILUNION AccessibilityminorVeridas collaborates with ILUNION Accessibility for the Nexus Identity Wallet to ensure the application is fully accessible to all users, including those with disabilities. ILUNION conducts detailed studies of functionalities and requirements for accessibility compliance.
- Hermes InstituteminorHermes Institute conducts studies on digital rights impact for Veridas' Nexus Identity Wallet, ensuring the solution respects and promotes digital rights of all users while maintaining technical accessibility.
- AmeriabankminorAmeriabank implemented Veridas identity verification for banking services in Armenia, demonstrating Veridas' reach in emerging European banking markets.
- OrangecoreOrange implemented Veridas for KYC processes achieving significant fraud reduction. Emma Pérez, KYC Manager, noted fraudsters now only target use cases where these security measures are not implemented.
- Mutua MadrileñacoreMutua Madrileña implemented Veridas biometrics for digital customer acquisition. 65% of customer acquisition is now digital with customers demanding the perceived security biometrics provides.
- EndesacoreEndesa deployed Veridas voice biometrics for contact center authentication. Javier Vargas noted biometrics resolves security while improving customer experience and reducing call handling times.
- Google Cloud PlatformcoreVeridas is available on Google Cloud Platform Marketplace, enabling enterprise clients to deploy solutions using existing Google Cloud credits with simplified procurement and accelerated implementation.
- AWScoreVeridas is available on AWS Marketplace, allowing enterprise customers to utilize existing AWS credits for purchasing and deploying Veridas identity verification solutions.
Scale indicators17 records
Recent moves7 records
Expansion highlights7 records
Veridas competitors and assessment
Company assessmentDirect peers
- ID.me: ID.me is a US-focused identity verification and digital identity wallet provider serving government, healthcare, financial services, and e-commerce. It competes with Veridas in identity proofing and reusable digital credentials.
- Ondato: Ondato is a European-headquartered IDV and KYC/AML platform offering document verification, biometric authentication, and compliance tooling. It is a close regional competitor to Veridas across the EU and UK.
- Jumio: Jumio is a long-established IDV platform providing document verification, facial biometrics, and liveness detection for enterprise KYC/AML. It competes head-to-head with Veridas in banking, fintech, and crypto onboarding globally.
- iProov: iProov specializes in biometric facial verification with patented liveness detection for government, banking, and travel. Its deepfake-resistant face authentication directly competes with Veridas's das-Face engine and PAD capabilities.
- Onfido (Entrust): Onfido, now part of Entrust, is a global identity verification platform offering document verification, facial biometrics, and KYC/AML compliance. It is one of the most direct enterprise-grade IDV competitors to Veridas across banking, fintech, and telecom.
- Persona: Persona is a unified identity platform offering document, biometric, and database verification with configurable workflows. It competes directly with Veridas's configurable IDV platform across fintech, gig economy, and consumer applications.
Broad incumbents
- Okta: Okta is a broad identity and access management incumbent that has expanded into workforce and customer identity verification. While not a direct IDV platform, its customer identity CIAM offering overlaps with Veridas's authentication roadmap at large enterprises.
- Prove (formerly Payfone): Prove is an identity and authentication platform specializing in phone-based identity verification, possession checks, and biometric authentication. It overlaps with Veridas's telecommunications and contact center authentication use cases.
- Mitek Systems: Mitek is a long-standing US-listed identity verification incumbent providing mobile document verification, biometric authentication, and identity fraud prevention. It overlaps with Veridas in document authentication and biometric verification for financial services.
Emerging players
- Shufti Pro: Shufti Pro is an emerging global IDV provider covering document verification, facial biometrics, and AML screening. It targets similar customer segments as Veridas with comparable pricing and global document coverage.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Veridas social profiles
Digital presenceVeridas financial estimates
Financial estimateRevenue estimate
Valuation estimate
Veridas leadership team
Management profileNumber of profiles
Profiles2 records
Veridas funding detail
Funding detailFunding overview
Funding rounds2 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Veridas M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Veridas
What does Veridas do?
Veridas provides a 100% proprietary, AI-driven identity verification and biometric authentication platform that combines document verification, facial biometrics, voice biometrics, liveness detection, and fraud detection into a single SaaS/API solution. The platform is delivered to enterprise customers via direct integration, cloud marketplaces (Google Cloud, AWS), and partner channels, and is used for KYC/AML compliance, customer onboarding, contact center authentication, age verification, and proof-of-life use cases. The company also offers a decentralized digital identity wallet (Nexus) for verifiable credentials compliant with eIDAS2 and GDPR.
Is Veridas a public or private company?
Veridas is a private company. It is classified as venture growth investor backed and is currently operating.
When was Veridas founded?
Veridas was founded in 2017. It employs 101 to 250 people.
Where is Veridas based?
Veridas is headquartered in Tajonar, Spain, in the Europe region.
How does Veridas make money?
Three revenue lines are on record. Identity Verification Platform Subscription is the primary driver. The others are transaction-based Verification and professional Services.
Who are Veridas's main competitors?
Direct peers on record are ID.me, Ondato, Jumio, iProov, Onfido (Entrust) and Persona. Broad incumbents are Okta, Prove (formerly Payfone) and Mitek Systems. Shufti Pro is listed as an emerging player.
Does Veridas have an API?
Yes. Veridas offers APIs for identity verification processing. Clients manage the entire capture process using their own tools or systems and send evidence directly to the Veridas API for processing. This is ideal for clients with existing capture tools, lightweight integrations that don't require SDKs, or scenarios where SDKs are not viable. Developer documentation is at veridas.com/en/apis.
What industry is Veridas in?
Veridas's product category is Identity Verification. Its primary akta.pro industry code is BPAMAEAI, Fraud Prevention & Identity Verification (IDV/KYC), with a secondary code of FSAGAFAA, Identity Verification & Digital ID (IDV, eIDAS, biometrics). Its NAICS code is 561611.