Veridas Increases Capital by €15 Million; Boosts Global Expansion as an Identity Company • Veridas
Summary
Veridas has experienced a 133% growth over 2021 and expects to grow by a further 100% by 2023, with an estimated annual turnover of 26.3 million Euros and a planned workforce of 278 employees.Veridas is a global company of Navarrese origin that began its journey in 2017 as a joint venture with BBVA. Since then, the company has gained the trust of more than 250 clients in 25 countries, in sectors as demanding as banking, insurance, telecommunications, public administration and more.We are a global company with a presence in Spain, Mexico, the United States, United Kingdom and we continue to expand with new customers, thanks to the differential value proposition in our industry, said Eduardo Azanza, CEO of Veridas. Its solution uses facial recognition, both informed and voluntary, which is changing the way attendees access physical spaces including establishments, sporting events, or concerts. However, this does not constitute an obligation.From that perspective, Veridas offers its solutions in different use cases based on a regulation that has been in place for several years and continues to grow in various sectors (financial, gaming, and trusted e-services providers) and in access to football stadiums.Through its modular, 100% automated and adaptable solutions, Veridas enables its customers to solve any identification scenario with a single provider. Since then, it has become a leading global player in the identity industry, serving over 250 clients across 25 countries in sectors such as banking, insurance, telecommunications, and public administrations.