verifact

What verifact does

Verifact International Limited (trading as Verifact) is an Irish software company founded in Cork in 2009, originally as Verifish, that builds cloud-based traceability, compliance, and circular economy solutions for organisations in regulated and operationally complex environments. Its portfolio centers on Verifact360, a multi-user, multi-location SaaS platform for tracking reusable assets, supporting ESG and CSRD reporting, and enabling circular economy initiatives through verified carbon savings; the Verifact supply chain validation platform, used by retailers, brands, and processors for food safety, product safety, and renewable energy validation; the Supplier Compliance System (SCS) for ESG policy dissemination and reporting; and the Vtrack GPS hardware product for asset theft prevention. Underlying technology is built on Microsoft cloud services with blockchain-based immutable traceability and QR-code consumer engagement.

The company runs two flagship specialised blockchain initiatives: Net360, which tracks end-of-life fishing nets from vessels through recycling to downstream products (developed with Novelplast), and VerifEye, an 18-month European Space Agency contract demonstrating animal provenance tags linked to a cloud-based blockchain ledger. Verifact's go-to-market is enterprise-focused and pilot-led, using direct consultative sales, demo requests, and channel partnerships with government and industry bodies including BIM (Ireland's Seafood Development Agency), Enterprise Ireland, InterTradeIreland, Local Enterprise Offices, and Microsoft for Startups Founders Hub. Revenue is generated through SaaS subscriptions, advisory and consulting services (including as an approved advisor for Enterprise Ireland's Digitalisation Voucher and GreenStart/GreenPlus programmes), government contracts, and hardware sales, with named customers spanning Aldi, HSE, Bennett Construction, Fisheries Innovation Scotland, and Irish seafood processors.

Name

verifact

Legal name

Verifact International Limited

Website

https://vfact.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Short description

Verifact provides cloud-based SaaS platforms for supply chain traceability, circular economy asset tracking, and ESG/CSRD compliance reporting, serving pharmaceutical, life sciences, manufacturing, seafood, retail, and construction customers across Ireland, the UK, and Europe.

Ownership category

akta.pro rank

Product category

Supply Chain Traceability Software

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210)

akta.pro industry

PRIMARYAFAAAFAJ

Supply Chain Traceability & Farm-to-Fork Data Systems

Agriculture & Food Production/Agricultural Equipment & Technology/Precision Agriculture & Farm Management Software (GIS, IoT, Telematics)

SECONDARYAFALAGAA

End-to-End Traceability System Verification (Farm-to-Fork)

Agriculture & Food Production/Food Safety, Testing & Certification/Food Traceability, Recall & Supply Chain Verification (Testing/Verification Services)

SECONDARYAFALANAC

FSMS Software Platforms (QMS/FSMS, CAPA, Document Control, Audit Management)

Agriculture & Food Production/Food Safety, Testing & Certification/Food Safety Management Systems (FSMS)

SECONDARYAFALAGAJ

Sustainability/Ethical Sourcing Claim Verification (RSPO, Rainforest, Fairtrade)

Agriculture & Food Production/Food Safety, Testing & Certification/Food Traceability, Recall & Supply Chain Verification (Testing/Verification Services)

SECONDARYHDABAHAI

Cloud Compliance, Audit & Continuous Controls Monitoring (CCM/GRC)

Hardware, Technology & Telecom/Cloud & Data Center Infrastructure/Cloud Security & Compliance Infrastructure

SECONDARYEUAHADAD

MRV Software Platforms, Data QA/QC & Digital Audit Trails

Energy, Utilities & Environment/Environmental Compliance, Monitoring & Consulting/Emissions Measurement, Reporting & Verification (MRV)

Keywords

• Supply chain traceability
• Circular economy software
• ESG compliance reporting
• Blockchain provenance tracking
• Sustainability validation

Headquarters

HQ city

Cork

HQ country

Ireland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Software Subscriptions (SaaS): Subscription-based software platforms including Verifact360 (circular economy platform), Verifact (supply chain traceability), and Supplier Compliance System (SCS). Delivered as cloud-based online platforms with multi-user and multi-location capabilities.
2. Advisory and Consulting Services: Digitalisation advisory services including sustainability planning, digitalisation roadmaps, and implementation support. The company is an approved advisor for Enterprise Ireland's Digitalisation Voucher and Green Directory Service Provider.
3. ESA Contract (VerifEye): 18-month contract awarded by the European Space Agency to demonstrate VerifEye technology for animal provenance verification.
4. Hardware Sales (Vtrack): GPS tracking device sales for security and asset protection applications targeting boats, outboard motors, campervans, and trailers.

Go-to-market motion3 records

Distribution channels3 records

Marketing channels6 records

Core offering

Verifact provides cloud-based software platforms for supply chain traceability, circular economy asset management, and sustainability/ESG compliance reporting. Its products — Verifact360, Verifact, the Supplier Compliance System (SCS), and the Vtrack GPS tracker — enable organisations in pharmaceutical, life sciences, manufacturing, food production, retail, and construction to track reusable materials, validate product provenance via blockchain and QR codes, and support CSRD/ESG reporting.

Product overview

Verifact offers a portfolio of digital solutions for traceability, compliance and circular economy across pharmaceutical, life sciences, manufacturing, food production, retail, and construction sectors. The product suite consists of Verifact360 as the core circular economy and reusable asset tracking platform, paired with the Verifact supply chain validation solution for food safety, product safety and renewable energy sectors. The Supplier Compliance System (SCS) enables ESG and CSRD reporting through supplier policy management. Vtrack provides GPS tracking for asset security. Net360 and VerifEye are specialized blockchain-enabled traceability projects for fishing net recycling and animal provenance respectively.

Differentiator

Problem solved

Functional benefit

Brands

• Verifact360: An online platform that supports circular economy initiatives by combining industry expertise with digital tracking to identify, recover, and repurpose end-of-use materials, providing verified CO2 savings.
• Verifact
• SCS (Supplier Compliance System)
• Vtrack
• VerifEye

Products and services

• Verifact360 Online platform supporting circular economy initiatives by combining industry expertise with digital tracking to identify, recover, and repurpose end-of-use materials, providing verified CO2 savings. Features include waste cost reduction, sustainability and carbon reporting support, multi-user and multi-location capability, reporting dashboards and analytics, compliance and audit support, and reusable materials and asset lifecycle reporting.
• Verifact Supply chain solution used by retailers, brands, manufacturing and processing companies to support food safety, product safety and renewable energy validation. Enables complete supply chain visibility with data validation and visualization for identifying risk and making informed business decisions.
• Supplier Compliance System (SCS) Online platform that helps businesses implement and report on sustainability and social initiatives by developing sustainability and labour policies, making them available to suppliers through the platform, and tracking progress for ESG reporting and CSRD compliance.
• Vtrack GPS tracker device that helps combat theft of moveable items such as outboard motors, boats, campervans and trailers. Features include location tracking, location history viewing, tamper detection with user notification, and a companion mobile app.

Quantifiable outcome

• 10 tonnes of fishing nets diverted from landfill in pilot phase
• +2 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Twelve partnerships are on record, tiered core, flagship and minor.

• MicrosoftcoreTechnology or IntegrationVerifact joined Microsoft for Startups Founders Hub. Their software products are built using Microsoft cloud services and tools, providing scalable, flexible solutions including cutting-edge data visualisation tools.
• BIM (Bord Iascaigh Mhara)flagshipStrategic or Co-development PartnerIreland's seafood development agency. Verifact has developed digitalisation roadmap for Irish Seafood Sector and was awarded a 3-year contract for Fishery Improvement Projects. BIM provides funding and strategic direction for Irish seafood sustainability initiatives.
• European Space Agency (ESA)coreStrategic or Co-development PartnerVerifact awarded 18-month contract by ESA for VerifEye project demonstrating use of tags for individual animals to transmit provenance information to blockchain database.
• Fisheries Innovation ScotlandcoreStrategic or Co-development PartnerPartnership to develop a Digitalisation Roadmap for Scottish Fisheries and implement digitalisation projects in UK fisheries sector.
• NovelplastcoreStrategic or Co-development PartnerCo. Meath based recycler partnered with Verifact for Net360 project to track end-of-life fishing nets through the recycling process. Novelplast sorts, shreds and pelletises nets for use in automotive and clothing manufacturing.
• AldiflagshipStrategic or Co-development PartnerRetail partner for blockchain supply chain validation solution ensuring produce meets retailer's strict sourcing criteria. Project expanded from 3 to 10 product lines.
• Ulster UniversitycoreStrategic or Co-development PartnerPartnership through InterTradeIreland Innovation Boost programme to identify new sectors and scale the software business through academic collaboration.
• Munster Technological University (MTU)coreStrategic or Co-development PartnerPartnership with MTU through The Rubicon Centre (incubator). Verifact developing carbon savings calculator with MTU for Verifact360 platform.
• InterTradeIrelandcoreGTM or Marketing PartnerInterTradeIreland created connections essential to scale Verifact's business. Through Innovation Boost programme with Ulster University, new sectors were identified.
• Enterprise IrelandcoreGTM or Marketing PartnerVerifact is an approved advisor for Enterprise Ireland's Digitalisation Voucher, Climate Action Voucher, GreenStart and GreenPlus Projects.
• Local Enterprise OfficesminorGTM or Marketing PartnerVerifact is an approved advisor for Local Enterprise Offices Digitalisation for Micro programme providing 100% grant aid for up to 4 days consultancy.
• HSE (Health Service Executive)coreStrategic or Co-development PartnerPilot project with HSE and St. Ita's Climate Crew to track reuse of wooden pallets using Verifact360 platform for Returnable Transport Items.

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• IBM Food Trust:

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/vfact.ie
• LinkedInlinkedin.com/company/v-fact
• Instagraminstagram.com/veri.fact

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 verifact