Veriff
👤 Kaarel Kotkas (Photoshopped his own ID at 14 to beat eBay's age check; at 20 built the fix after Wise asked him to repair their verification flow.)🌐 siteLinkedIn
AML law makes ID checks mandatory. Veriff turned live-video verification into a profitable, $100M+ business.
Will it work? · our read
Mandatory demand. The law creates the need - every regulated business must verify users. A decade of live-video checks became an AI accuracy edge, and Veriff is profitable at over $100M.
01How the money moves
AML/KYC law forces regulated firms to verify every user
→
They embed Veriff's API; user does a live ID + face check
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Veriff charges per verification, on a monthly platform deal
02The numbers
Over $100MStatedrevenue, profitable 2025
Dec 2025
All first-party, from Veriff's Dec 2025 milestone release. Veriff PR
Doubled YoY, profitable, over $100M (2025).
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See a full teardown, free → ImportYetiSourcesSources last checked 9 August 2026
Veriff press release - "doubled revenue while doing over $100M", profitable, 400M verified, 30x auth growth (Dec 10, 2025).Sacra - est. $110M ARR for 2025, 3,000+ customers, $1.5B valuation (Jan 2022 Series C).Wikipedia - founded 2015 in Tallinn, funding and history.Forbes - Kaarel Kotkas founder profile and background.
Revenue 'over $100M, doubled YoY, profitable' is Veriff's own Dec 10, 2025 press release - first-party STATED, not audited; confirmed in the page's raw HTML ('Doubled revenue while doing over $100M in revenue', 'Profitable'). 400M verifications and 30x authentication growth are from the same release. Sacra independently estimates $110M ARR for 2025 and 3,000+ customers; $1.5B valuation dates to the Jan 2022 Series C - both mentioned for context, not headlined. Founding story (age-14 photoshopped ID, 2015 launch, Wise/TransferWise trigger) corroborated by Forbes and Wikipedia. Regulation angle: AML/KYC and age-verification mandates force the demand. We never score you.