Veriphy Ltd.

Name

Veriphy Ltd.

Legal name

Veriphy Ltd.

Website

https://veriphy.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Regulatory Compliance Software

NAICS

Investigation and Personal Background Check Services (561611)

akta.pro primary industry

KYC/KYB & Customer Onboarding (CIP, beneficial ownership, screening) (FSAGAFAB)

akta.pro secondary industries

AML/CTF Transaction Monitoring & Case Management (FSAGAFAC), Sanctions Screening & Watchlist/PEP Screening (Crypto) (FSADALAC), Fraud, Risk, KYC/AML & Compliance Platforms (BPAMAFAI)

Keywords

• AML compliance software
• KYC verification platform
• KYB due diligence
• Identity verification services
• Sanctions screening tools

Headquarters

HQ city

Newcastle Upon Tyne

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales, Supply Chain

Revenue model

1. Pay-per-check: Usage-based model where clients pay only for checks performed. No subscription fees, no platform fees, no minimum usage quotas. Free registration and setup. Free email and telephone support included.
2. Volume-based pricing: Competitive volume reduction rates available for AML checks upon request. Bespoke quotes for enterprise clients with large annual check volumes.
3. Training courses: Online AML training, sanctions training, PEP training, and advanced KYC training courses offered as standalone products.
4. AML Policy Documents: Custom AML policy documents created and delivered to meet specific regulatory requirements.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels8 records

Core offering

Veriphy operates a cloud-based SaaS platform delivering automated anti-money laundering (AML), Know Your Customer (KYC), Know Your Business (KYB) and Pre-Employment Screening (PES) checks. The platform aggregates data from multiple third-party sources (LexisNexis, Equifax, Experian, Creditsafe, GBG, Royal Mail, HM Treasury, OFAC and others) and exposes checks via a self-serve web UI and a single API hub. Customers buy individual checks on a pay-per-use basis with no subscription, minimum usage or contract requirements.

Product overview

Veriphy is a cloud-based SaaS compliance platform providing automated AML, KYC, KYB, and PES (Pre-Employment Screening) checks. The platform operates on a modular architecture with four core product lines: AML (Anti-Money Laundering) checks for identity verification, sanctions screening, and source of funds verification; KYC (Know Your Customer) solutions including biometric verification, credit screening, and Veriphy 360 comprehensive eIDV; KYB (Know Your Business) for company verification and enhanced due diligence; and PES for HR background checks including criminal records, right to work, and adverse media screening. The platform is accessed via a web UI or single API hub and integrates data from multiple third-party sources (LexisNexis, Equifax, Experian, Creditsafe, GBG, and others) into a unified compliance workflow. Veriphy offers enterprise-level solutions including CLM, batch remediation, and global HR screening, alongside a Training Academy providing AML, sanctions, PEP, KYC, and NFM training courses.

Differentiator

Problem solved

Functional benefit

Products and services

• AML Check
• Biometric Check Standalone biometric identity verification check using facial recognition and liveness detection to compare a live selfie with an uploaded identity document. Available as an AML, KYC and PES check.
• PEP & Sanctions Monitoring Standalone screening service that checks individuals, entities, vessels and aircraft against Politically Exposed Persons and global sanctions lists, with optional ongoing weekly or monthly monitoring.
• Source and Proof of Funds Check AML check that verifies the origin of funds for a specific transaction and confirms they are consistent with the client's risk profile and business nature.
• FraudScore Standalone fraud detection check that generates a 1-1000 risk score by comparing applicant data against UK credit application history, electoral register and adverse credit data.
• International ID Check Standalone international identity verification check using global data sources to support AML and KYC compliance for overseas clients.
• UK Company Reports Standalone UK business credit check and company verification report for AML and KYB due diligence on UK business partners.
• International AML Check Background AML check on international companies to mitigate risk when working with overseas firms.
• International Company Reports International business verification report aggregating background checks on overseas companies to confirm credibility and legitimacy.
• AML Screening (Batch) Automated batch screening service that analyses multiple individuals or entities at once, enabling screening of entire customer bases with different search parameters.
• Veriphy 360 Comprehensive electronic Identity Verification (eIDV) check combining multiple data sources and verification methods for the most thorough identity confirmation.
• KYC & Credit Screen Combined KYC identity verification and credit history check that reveals how customers have managed their finances and any past debt issues.
• Bank Account Verification Verification check confirming that submitted bank account details match those of prospective clients or payees.
• HR Screen Composite pre-employment screening check covering applicant/employee identity, address, credit, directorship and bank account verification.
• Criminal Record Checks UK Disclosure & Barring Service (DBS) checks at basic, standard and enhanced levels for pre-employment screening.
• Right to Work Checks Digital verification of an employee's legal right to work in the UK, ensuring compliance with immigration regulations.
• Adverse Media Check Screening check that matches individual and corporate names against global news data sources to surface adverse media.
• Director Check Verification check confirming company directorship status and related information for individuals.
• Enhanced KYB Check Enhanced due diligence business verification check with automatic screening against PEP, sanctions and adverse media databases.
• Lawyer Checker Verification service for lawyers and conveyancers, including bank account confirmation for property and legal transactions.
• Veriphy CLM Enterprise Contract Lifecycle Management module that enables clients to manage AML and KYC compliance through the full contract process.
• Veriphy Batch Remediation Enterprise batch processing service for remediating existing customer bases with comprehensive compliance screening.
• Veriphy Executive Due Diligence Enterprise enhanced due diligence service for vetting executives and high-level personnel.
• Veriphy Global HR Enterprise global HR screening service for multinational organisations requiring cross-border employment verification.
• Veriphy API Partnerships API partnership program that allows third-party software vendors to embed Veriphy compliance checks into their own platforms.
• AML Policy Documents Customised AML policy documentation service that produces formal documents outlining procedures and protocols for preventing, detecting and reporting money laundering.
• Veriphy Training Academy Training academy offering CPD-certified online courses covering AML, Sanctions, PEP, Advanced KYC and Non-Financial Misconduct for compliance staff.

Quantifiable outcome

• Processing time under 3 seconds for AML checks
• +2 more outcomes

Named customers6 records

Segments9 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature6 records

Partnerships

Eleven partnerships are on record, tiered core and supporting.

• LexisNexiscoreTechnology or IntegrationData supplier providing comprehensive legal and regulatory data for AML compliance checks and identity verification services.
• EquifaxcoreTechnology or IntegrationCredit data provider supplying credit file activity data for identity verification and credit screening services.
• ExperiancoreTechnology or IntegrationData partner providing credit application data for fraud score generation and identity verification.
• BT (British Telecom)supportingTechnology or IntegrationData supplier for telecommunications data used in identity verification processes.
• Royal MailsupportingTechnology or IntegrationAddress verification and postal data supplier for identity and address confirmation.
• HM TreasurycoreTechnology or IntegrationGovernment data source for sanctions list and financial sanctions information.
• OFAC (Office of Foreign Assets Control)coreTechnology or IntegrationUS government sanctions list data supplier for international sanctions screening.
• CreditsafesupportingTechnology or IntegrationBusiness credit data provider for company credit checks and business verification.
• GBG (GB Group)coreTechnology or IntegrationIdentity verification and location intelligence data supplier for electronic identity verification services.
• LawyerCheckersupportingTechnology or IntegrationLegal sector-specific data supplier for lawyer and conveyancer bank account verification.
• GlobalXsupportingTechnology or IntegrationLegal technology data supplier for property and legal services verification checks.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Veriff: Veriff offers identity verification and KYC compliance globally. Direct competitor in electronic identity verification (eIDV), biometric verification and AML onboarding — overlapping with Veriphy's core AML Check and KYC products.
• Onfido (Entrust): Onfido provides AI-powered identity verification and KYC/AML onboarding solutions. Direct competitor in biometric verification, document scanning and liveness detection — overlapping with Veriphy's Biometric Check and Veriphy 360 eIDV products.
• GBG Group: GBG provides identity verification, location intelligence and fraud prevention services globally. Highly comparable to Veriphy — both aggregate multiple data sources for KYC/AML checks and serve regulated UK firms; GBG is also one of Veriphy's data partners.
• Jumio: Jumio provides AI-driven identity verification, KYC and AML compliance solutions to enterprise clients. Direct competitor across biometric, document verification and PEP/sanctions screening — overlapping with Veriphy's full suite.
• Trulioo: Trulioo operates a global identity verification platform covering 195+ countries for KYC/AML compliance. Direct competitor in international AML/ID checks and KYB verification — competing for the same enterprise multi-jurisdiction clients.
• ComplyAdvantage: ComplyAdvantage provides AML transaction monitoring, sanctions screening and KYC solutions. Direct competitor in PEP/sanctions monitoring and AML checks — overlapping with Veriphy's PEP & Sanctions and AML Screening products.

Broad incumbents

• Creditsafe: Creditsafe provides business credit reports and company verification services globally. Broad incumbent and a Veriphy data partner — offers overlapping UK Company Reports and KYB verification capabilities.
• LexisNexis Risk Solutions: LexisNexis Risk Solutions provides identity verification, fraud detection and compliance analytics. Broad incumbent and also one of Veriphy's data partners — competes in the same UK AML/KYC market with broader portfolio capabilities.
• Refinitiv (LSEG): Refinitiv World-Check provides large-scale KYC, sanctions and adverse media screening under LSEG. Broad incumbent offering overlapping capabilities as part of wider financial data portfolio — competes for enterprise compliance budgets.

Emerging players

• Persona: Persona is an emerging identity verification platform offering flexible KYC/AML building blocks via API. Comparable to Veriphy's API-first, pay-per-check model — competing for the same SME and mid-market developer-led customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Veriphy Ltd.