VeriFast offers a single-source configurable API that integrates biometric identity verification, banking data, payroll insights and tax transcript data into existing process flows. Led by Tim Ray, the platform analyzes applicants' real-time financial health via digital banking data with advanced AI to verify identity, income, assets and employment, validate ability to pay, and reduce fraud. The company serves customers throughout North America. VeriFast intends to use the seed proceeds to accelerate growth and expand operations and business reach. The company closed a $3.5M Seed round in which M3 Financial Group led and Scott McGillivray, Michael Sarracini of Keyspire, and Susan White Livermore participated. VeriFast is based in Toronto, Canada.

Total raised

$4M

Funding rounds

1

Latest round

Seed

Latest activity

Sep 2022