IVP and Accel have invested €58 million in the Estonian technology startup Veriff, and their representatives will be on the company’s board. Veriff offers a computer solution that allows identifying a person from 9,000 different types of documents in 36 languages in almost all world countries. The identification procedure takes only a few seconds.
The resulting investment will allow Veriff to continue developing its product and strengthen its position in the rapidly growing US market for this service. The total investment in the startup is now €78.6 million.
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