Veryfi
Extract Data. Catch Fraud. One API.
By Veryfi · HQ San Mateo, US · 4.7/5 verified-buyer score
Positioning guardrails
Best for
- Product and platform teams embedding document capture (receipts, invoices, checks, statements) through REST APIs and SDKs
- Fintech, expense-management and loyalty apps that need receipt and invoice extraction plus real-time purchase validation
- AP and back-office automation teams replacing manual data entry with OCR and NLU structured output
- Organizations that need document fraud and GenAI-fake detection signals at the point of entry
Ideal size: 50–5,000+ employees people · Scale-up or enterprise with engineering or integration capacity
Not for
- Buyers looking for a finished, employee-facing expense reporting app with no development work
- Teams without engineering resources to integrate and maintain API calls
- Very low-volume users: the paid Starter plan starts at a $500/month commitment
- Organizations that require on-premise-only deployment as a standard offering
Value metrics scorecard
Time-to-Value
~2 weeks to first production extraction
~14 days to first production value
Total Cost of Ownership
$6,000/yr
Starts at $0 · Per document, billed monthly: Free up to 100 docs/mo, Starter from $500/mo commitment, volume discounts and custom pricing on Growth.
Implementation Friction
2/5
Engineering + admin effort required
Buyer Score
out of 5 · verified buyers
Full cost breakdown
Mandatory implementation fee
None
Seat tiers
Not seat-based — priced by document volume
Add-on costs
- Fraud Detection Suite (add-on)
- GenAI Detector (add-on)
- Document Classification (add-on)
- Product Intelligence / Product Matching (add-on)
- PDF Splitter (add-on)
- Veryfi Lens mobile and browser capture (custom pricing)
- The Vault storage (add-on)
- Embedded AI Experience Builder (add-on)
- Workflow Automation (Growth plan)
- Model fine-tuning and custom ML (Growth plan)
Company & support
Who is behind Veryfi, and how your team gets help once it is live.
Company
- Founded
- Not recorded
- Headquarters
- San Mateo, US
How you get support
- PhoneNot listed
- EmailAll plans
- Live chatPaid plans
- Support portal / ticketsNot listed
- Community forumNot listed
- Help centre / docsAll plans
- Dedicated account managerEnterprise only
- In person / on-siteNot listed
- Hours
- Not recorded
- Response time
- Not stated
Free plan includes email support and self-serve knowledge base; Starter adds Slack; Growth adds Slack/Teams, SMS and Zoom plus quarterly reviews, optional SLA options and dedicated account management.
“Not listed” means the vendor’s public pages don’t mention that channel, not that it is unavailable. Ask about it during evaluation.
Market position
Where Veryfi sits against its closest alternatives. Pick any two of cost, speed, friction and buyer score, and up to 9 companies to compare.
Quadrant view
Typical annual cost × Time-to-value
The lines cross at the median of the solutions shown, so about half sit on each side of each line. A dashed ring marks an outlier pinned to the edge; hover for its value.
Companies on the chart 6 / 10
- Veryfi
- monday.com
- Docusign
- Toggl
- BetterCloud
- TalentLMS
Add or change companies
Up to 10 companies including Veryfi. Listed closest first.
Stack fit signal
Compatibility with standard B2B ecosystems.
No supported MCP path today, so it cannot be driven from an AI client.
AI & MCP readiness
What Veryfi ships in AI, and what it asks of your ecosystem.
AI features shipped
Sources describe in-house ML models for OCR extraction with NLU/NLI enrichment, plus a fraud and risk engine that scores documents and flags fakes, including GenAI-generated documents. Models are trained on the vendor's own NVIDIA GPUs. No copilot, BYO-model option or per-action AI logging is described.
In your ecosystem
- AI connection
- Not supported
- Model key
- Not recorded
- AI usage audit
- Not recorded
Compliance attestations
* IAPP AIGP certifies individuals, not products. It means named staff hold the credential — not that the platform does.
Bottom line
Veryfi is a document AI platform sold as APIs and SDKs: it ingests receipts, invoices, checks, bank statements, W-2/W-9s and 100+ other document types from mobile, browser, email or API, then returns structured JSON plus fraud and risk signals. Buyers get free SDKs, a 14-day trial and a free tier of 100 documents a month, with paid plans starting at a $500/month commitment. The vendor reports SOC 2 Type II, GDPR, CCPA and HIPAA compliance, a 99.995% uptime target and a fully automated, no-humans-in-the-loop pipeline.
Frequently asked questions
How does Veryfi pricing work?
Veryfi bills monthly per document sent to the API, not per page. The Free plan covers up to 100 documents a month; Starter carries a $500/month minimum commitment (roughly under 5,000 documents) with rates such as $0.16 per invoice, $0.08 per receipt and $0.25 per check or bank statement. Growth adds volume discounts, unlimited storage, SSO, SLA options and model fine-tuning, and 12-month commitments receive a one-cent-per-document discount. Credit cards, bank checks and Veryfi Lens are custom priced, and all add-ons such as fraud detection are charged separately.
Do we need to build the integration ourselves?
Veryfi is an API-first platform, so yes — but the vendor supplies free SDKs for Python, Node.js, Java, C#, Go, Ruby, PHP, Rust, JavaScript, Kotlin, Swift and Dart, plus sample code, tests and Postman collections on GitHub, and a private Slack channel for developers. No-code options exist through the verified n8n integration and the Zapier OCR app, and Lens provides mobile and browser capture frameworks if you do not want to build the capture layer.
Which compliance certifications does Veryfi hold?
The security page states SOC 2 Type 2 certification, GDPR and CCPA compliance, and HIPAA compliance with a BAA signed on request. Encryption uses TLS 1.2 and 1.3 with AES at rest and in transit, and the vendor states there are no humans in the loop with access to customer data. A SOC 2 Type 2 report is available on request through your account manager or the security officer, and audit logs are kept for every API call.
Can Veryfi detect fraudulent or AI-generated documents?
Yes. The platform's fraud and risk layer inspects file structure, image forensics, metadata origin and file integrity, then checks line items, tax math, quantity-times-price and duplicate detection, returning a fraud score per document. The Fraud Detection Suite and a GenAI Detector aimed at LLM-generated fakes are add-ons on the Starter and Growth plans. Because the models are deterministic and trained in house, the vendor positions extraction output as reliable for financial and statutory use.
How quickly can we go live?
You can start on a free tier of 100 documents a month or a 14-day trial without a credit card, and the vendor markets the platform as 'Day 1 ready'. Realistically, teams that already have an application can extract structured data from a first document type within a couple of weeks using the SDKs; custom model training, on-premise or hybrid deployment and Lens capture take longer and should be scoped with the vendor.
Does Veryfi support deployment and data-residency choices?
Veryfi is delivered primarily as a cloud API running on AWS global infrastructure with regional locations, and the vendor states hybrid or on-premise deployment is available when required. Data residency, custom retention and unlimited storage sit on the higher plan. Confirm the specific region and deployment model you need with sales, since those options are not self-serve.