# Veryfi

> Veryfi turns receipts, invoices, checks, bank statements and other unruly documents into structured data through APIs, mobile capture SDKs and ready-to-use software. Its more interesting achievement is strategic: the founders used an expense app to gather the hard training data, then moved down the stack and sold the resulting document intelligence to more than 1,000 organizations, including Navan, PepsiCo, Square and Rippling.

- **Founded:** 2017
- **Headquarters:** San Mateo, United States
- **Founders:** Ernest Semerda (Co-founder and CEO), Dmitry Birulia (Co-founder)
- **Products:** Veryfi OCR APIs, Veryfi Lens, Fraud Detection Suite, Veryfi Workflows, Expense Management
- **Notable:** Graduated from Y Combinator's Winter 2017 batch., Raised a $12 million Series A in April 2021., Reported 3.5x year-over-year ARR growth and 1,100% year-over-year API transaction growth in 2021.

## Products & services

- **Veryfi OCR APIs** — Pre-trained APIs that extract structured fields and line items from receipts, invoices, checks, bank statements, tax forms and many other document types.
- **Veryfi Lens** — A mobile document-capture SDK for iOS, Android, web and React Native, including edge detection, long-receipt capture and image-quality controls.
- **Fraud Detection Suite** — An add-on that analyzes duplication, image manipulation, metadata anomalies and AI-generated documents before extracted data enters a workflow.
- **Veryfi Workflows** — No-code document automation for routing, validation and downstream actions.
- **Expense Management** — Web and mobile software for receipt capture, expense reporting, approvals and accounting-system synchronization.

## Achievements

- Graduated from Y Combinator's Winter 2017 batch.
- Raised a $12 million Series A in April 2021.
- Reported 3.5x year-over-year ARR growth and 1,100% year-over-year API transaction growth in 2021.
- Built a customer base of more than 1,000 organizations according to its website.
- Forbes ranked Veryfi first in its 2025 list of receipt scanner apps.
- A Bybe/Swiftly customer case reports nearly 800,000 receipts processed at 99.44% accuracy.
- A Travelit customer case reports a backlog of more than 70,000 invoices cleared in one week.

## Latest updates

- **2026-02** — Veryfi published updated comparison material for its Lens credit-card scanning capabilities.
- **2025-10** — The company documented an integrated detector for AI-generated receipt and document images in its Fraud Suite.
- **2025-09** — Veryfi introduced Workflows, a no-code document automation layer, and expanded its fraud-prevention messaging.
- **2025-04** — Veryfi announced that Forbes had ranked its receipt scanner first in a 2025 comparison.
- **2024-08** — Veryfi published its Navan case study, reporting up to 90% adoption and describing the build-versus-buy decision behind the integration.

## Links

- Website: https://www.veryfi.com/
- LinkedIn: https://www.linkedin.com/company/veryfi-inc/
- Twitter/X: https://x.com/veryfi
- GitHub: https://github.com/veryfi
- YouTube: https://www.youtube.com/veryfi
- Instagram: https://www.instagram.com/veryfi_inc/
- Facebook: https://www.facebook.com/veryfinance

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Profile page: https://yespress.io/veryfi
Published by YesPress — https://yespress.io
Last updated: 2026-09-28