Technology
AI
Veriff Acquires Vespia to Unify Business and Identity Checks
Identity verification firm Veriff has acquired Know Your Business (KYB) provider Vespia to create a single trust platform, aiming to automate the historically slow process of vetting corporate clients across more than 300 global jurisdictions.
- —Identity verification company Veriff has announced its acquisition of Vespia, a technology provider specializing in Know Your Business (KYB) services, aiming to create a comprehensive trust platform.
- —The acquisition integrates Vespia's KYB technology, which verifies business backgrounds globally across over 300 jurisdictions, into Veriff's existing identity verification capabilities.
- —Veriff's CEO Kaarel Kotkas stated the goal is to fundamentally rethink and improve the historically slow and manual KYB process, making it real-time and integrated.
- —Vespia was co-founded in 2021 by Julia Ront, who was Veriff's second employee, focusing on making KYB scalable and automated.
- —The integration of Vespia's technology into Veriff's platform is planned to be available through a Limited Access Program in early 2026 and commercially by mid-2026.
Recap
Veriff's acquisition of Vespia is a calculated move to consolidate the fragmented digital trust market. By integrating automated business verification with its core identity services, the company is positioning itself as a single, comprehensive compliance provider, directly addressing corporate demand for streamlined solutions to combat increasingly sophisticated fraud and regulatory burdens.