Veryfi
- Company typePrivate
- Founded2017
- HeadquartersSan Mateo, United States
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
Veryfi firmographics
Firmographics- Name
- Veryfi
- Legal name
- Veryfi, Inc.
- Website
- https://veryfi.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Ownership category
- akta.pro rank
Veryfi industry classification
Industry- Product category
- Document Intelligence / OCR APIs
- NAICS
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210), Document Preparation Services (56141)
- SIC
- Services-Computer Programming Services (7371), Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- Optical Character Recognition (OCR) & Document Vision (HDAAAEAD)
- akta.pro secondary industries
- Intelligent Document Processing (IDP) & OCR Automation (HDAEAHAC), Content Authenticity, Watermarking & Deepfake Detection (HDAAAKAK), OCR, ICR & Intelligent Document Processing (IDP) (BPAAAKAB)
Keywords
Where Veryfi is headquartered
LocationHeadquarters
- HQ city
- San Mateo
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Veryfi business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations
Revenue model
- API Usage-based Subscription: Subscription-based pricing with usage-based API calls. Plans likely tiered by monthly document volume. 14-day free trial available. Enterprise plans with custom volume pricing.
- Enterprise Licensing: Custom enterprise agreements with dedicated support, higher volume limits, and advanced features. Includes HIPAA-compliant options for healthcare customers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Pay-as-you-go | Free Trial |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels7 records
Veryfi product offering
Product offeringCore offering
Veryfi provides an AI-powered document intelligence platform comprising the Veryfi Lens document capture SDK (mobile, browser, WhatsApp), a portfolio of data extraction APIs (receipts, invoices, checks, bank statements, W-2/W-9, business cards, and 30+ other financial document types), and AI agents for document classification, fraud detection, product intelligence, and document-to-markdown conversion. The platform extracts 150+ data fields per document in under 3 seconds with 99%+ accuracy, supporting 60+ languages and 91+ currencies, and integrates natively with QuickBooks, Xero, SAP, Oracle NetSuite, and 5,000+ apps via Zapier.
Product overview
Veryfi is an AI-powered document intelligence platform comprising three core components: Veryfi Lens (document capture SDK for mobile and browser), Veryfi Data Extraction APIs (multi-modal AI models for extracting 150+ fields from financial documents), and Veryfi Agents (AI-powered services for classification, fraud detection, and data enrichment). The platform offers a portfolio of dedicated document-specific APIs (Invoices, Receipts, Checks, Bank Statements, W-2/W-9, Business Cards, Bill of Lading, Health Insurance, Hotel Folios, etc.), plus add-on modules including Embedded (no-code AI builder), Business Rules Engine (workflow automation), WhatsApp ChatBot, Workflow Automation, and Practice Management App. The platform supports 60+ languages and 91+ currencies, is SOC 2 Type II certified, and integrates natively with QuickBooks, Xero, SAP, Oracle NetSuite, and via Zapier with 5000+ applications.
Differentiator
Problem solved
Functional benefit
Brands
- Veryfi Lens: Mobile and browser document capture SDK that handles document detection, blur assessment, lighting correction, and distortion correction.
- Veryfi Embedded
- OpenClaw Veryfi Skill
- Practice Management App
- Receipts OCR & Expenses App
- Rules Engine
- WhatsApp ChatBot
- Workflow Automation
- Fraud Detection Suite
- Veryfi OCR API
Products and services
- Veryfi Lens
- Veryfi Data Extraction APIs
- Veryfi Agents
- Veryfi Embedded
- Veryfi Business Rules Engine
- Veryfi Receipts OCR & Expenses App
- Veryfi WhatsApp ChatBot
- Veryfi Practice Management App
- Invoices OCR API
- Receipts OCR API
- Bank Checks OCR API
- Bank Statements OCR API
- W-2 OCR API
- W-9 OCR API
- W-8BEN-E OCR API
- Business Cards OCR API
- Bill of Lading OCR API
- Health Insurance Cards OCR API
- Health Insurance EOB OCR API
- Hotel Folios OCR API
- Purchase Order OCR API
- Credit Card Extraction
- Document Classification API
- Fraud Detection
- Product Intelligence
- Document to Markdown
- PDF Splitter
- GenAI Detector
Quantifiable outcome
- Extracts 150+ data fields from receipts and invoices
- +6 more outcomes
Companies that use Veryfi
Customer profileNamed customers8 records
Segments8 records
Ideal customer profiles5 records
Veryfi technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration10 records
AI capability11 records
Feature7 records
Veryfi partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core.
- QuickBookscoreNative integration with QuickBooks accounting software for seamless data flow from document extraction to accounting records.
- XerocoreNative integration with Xero accounting platform for automated bookkeeping and reconciliation.
- SAPcoreIntegration with SAP ERP systems for enterprise document processing and financial workflows.
- Oracle NetSuitecoreIntegration with Oracle NetSuite for automated financial document processing.
- StripecorePayment processing provider. Stripe handles credit card processing while Veryfi focuses on document intelligence.
- Envestnet | YodleecoreBank transaction feed integration for financial reconciliation. Veryfi uses Yodlee's secure token service to access bank data without storing credentials.
- ZapiercoreIntegration with Zapier's workflow automation platform connecting Veryfi to 5000+ apps without code.
- Amazon Web Services (AWS)coreCloud infrastructure provider. Veryfi runs on AWS with data centers in US Oregon (default) and EU (Ireland and Germany on demand). AWS complies with PCI DSS L1, FIPS 140-2, HIPAA, IRAP, and ITAR.
- IntercomcoreCustomer support platform providing 24/7 chat support to Veryfi customers.
Scale indicators7 records
Recent moves6 records
Expansion highlights6 records
Veryfi competitors and assessment
Company assessmentDirect peers
- Mindee: Mindee offers developer-first OCR APIs for invoices, receipts, and other documents with a similar API-first GTM. It competes head-to-head with Veryfi in extracting structured data from financial documents and is named in Veryfi's own competitive comparisons.
- Nanonets: Nanonets provides AI-powered document extraction and workflow automation APIs for invoices, receipts, and IDs. Like Veryfi, it targets enterprise AP/expense use cases with a usage-based API model and is explicitly benchmarked in Veryfi's competitive content.
- Rossum: Rossum is an AI-first IDP platform focused on invoice and AP automation for enterprises. It overlaps with Veryfi on document extraction, ERP integrations, and the same target buyer (finance and accounting teams), and has raised significantly more capital.
- Docsumo: Docsumo offers AI-based document OCR and data extraction APIs for invoices, receipts, and financial documents. It competes with Veryfi in the same developer API-first category and is named in Veryfi's competitor set.
- Hyperscience: Hyperscience is an enterprise IDP platform automating classification and extraction across financial, insurance, and government documents. It targets the same large-enterprise buyers as Veryfi but with a heavier on-prem and workflow-automation footprint.
Broad incumbents
- AWS Textract: AWS Textract is a hyperscaler OCR/IDP service that extracts text, forms, and tables from documents. It is one of Veryfi's primary competitive threats, bundling OCR into the broader AWS stack at scale.
- Google Cloud Document AI: Google Cloud Document AI (formerly Vision AI / DocAI) provides pre-trained and custom document processors inside the Google Cloud Platform. It is one of the broad incumbents Veryfi explicitly compares against in marketing materials.
- Microsoft Azure Document Intelligence: Azure AI Document Intelligence (formerly Form Recognizer) is Microsoft's hyperscaler IDP offering that competes with Veryfi on invoice, receipt, and custom-form extraction, often bundled into Microsoft 365 / Dynamics deals.
- ABBYY: ABBYY is a long-established OCR and IDP vendor with Vantage and FlexiCapture serving large enterprise document workflows. It overlaps with Veryfi on financial-document extraction but targets a broader, more traditional enterprise install base.
Emerging players
- Affinda: Affinda provides AI document extraction APIs for resumes, invoices, and other document types. It overlaps with Veryfi on API-first IDP for finance/HR workflows but is at an earlier commercial scale.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Veryfi social profiles
Digital presenceVeryfi financial estimates
Financial estimateRevenue estimate
Valuation estimate
Veryfi leadership team
Management profileNumber of profiles
Profiles3 records
Veryfi funding detail
Funding detailFunding overview
Funding rounds3 records
Investors6 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Veryfi 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 Veryfi
What does Veryfi do?
Veryfi provides an AI-powered document intelligence platform comprising the Veryfi Lens document capture SDK (mobile, browser, WhatsApp), a portfolio of data extraction APIs (receipts, invoices, checks, bank statements, W-2/W-9, business cards, and 30+ other financial document types), and AI agents for document classification, fraud detection, product intelligence, and document-to-markdown conversion. The platform extracts 150+ data fields per document in under 3 seconds with 99%+ accuracy, supporting 60+ languages and 91+ currencies, and integrates natively with QuickBooks, Xero, SAP, Oracle NetSuite, and 5,000+ apps via Zapier.
Is Veryfi a public or private company?
Veryfi is a private company. It is classified as venture growth investor backed and is currently operating.
When was Veryfi founded?
Veryfi was founded in 2017. It employs 51 to 100 people.
Where is Veryfi based?
Veryfi is headquartered in San Mateo, United States, in the North America region.
How does Veryfi make money?
Two revenue lines are on record. API Usage-based Subscription is the primary driver. The others are enterprise Licensing.
Who are Veryfi's main competitors?
Direct peers on record are Mindee, Nanonets, Rossum, Docsumo and Hyperscience. Broad incumbents are AWS Textract, Google Cloud Document AI, Microsoft Azure Document Intelligence and ABBYY. Affinda is listed as an emerging player.
Does Veryfi have an API?
Yes. RESTful API platform for document capture and data extraction. Supports both synchronous (immediate results) and asynchronous (high-volume) processing. Authentication via CLIENT_ID, Username, API_KEY, and CLIENT_SECRET (HMAC-SHA256 request signing). Production base URL: https://api.veryfi.com/api/v8/partner/documents, Dev/Staging URL: https://devapi.veryfi.com. Rate limits exist per plan tier. Developer documentation is at docs.veryfi.com.
What industry is Veryfi in?
Veryfi's product category is Document Intelligence / OCR APIs. Its primary akta.pro industry code is HDAAAEAD, Optical Character Recognition (OCR) & Document Vision, with a secondary code of HDAEAHAC, Intelligent Document Processing (IDP) & OCR Automation. Its NAICS code is 518210 and its SIC code is 7371.