
1. Technology overview
Veryfi is a document AI company headquartered at 210 S B St, San Mateo, California. It sells OCR and data extraction APIs and apps to businesses that process receipts, invoices, bank statements, checks and similar documents, and claims 1,000+ organizations as customers.
Its products cover capture (mobile, browser, email, WhatsApp, scanner and API), extraction and fraud detection, plus a no-code Embedded builder and Rules Engine. Mobile SDK features include on-device extraction and offline capture. A 14-day free trial is offered, and the deployment options include on-premise.
2. Highlighted features & specifications
- Ingest: captures documents from mobile, browser, email, WhatsApp, scanner and API.
- Understand: extracts data from receipts, invoices, bank statements and checks.
- Trust: detects duplicates, line-item sum errors and tax math errors.
- Rules Engine: applies business rules to extracted data.
- Embedded builder: no-code tool for building capture flows.
- Mobile SDK: on-device extraction, offline capture and blur detection.
3. Potential application
Retail and FMCG brands in Vietnam can validate purchase receipts for cashback or loyalty campaigns. Finance teams can read supplier invoices into accounting systems and flag duplicates.
4. Benefits
Extracts line items from receipts and invoices in seconds; a 2026 customer story reports an average of 2.6 seconds per receipt. Fraud checks catch duplicates and arithmetic mismatches. Free SDKs in twelve languages ease integration. SOC 2 Type II, GDPR and CCPA compliance are listed.
5. Market trends & opportunities
Expense management, accounts payable and loyalty programs increasingly rely on automatic receipt and invoice capture, with fraud checks. Vietnamese e-invoicing, fintech expense apps and retail loyalty programs can embed receipt OCR through APIs.
6. Other information
Headquartered in San Mateo, California. Customer logos on its site include Navan, Rippling, Merkle, SquareUp, Volvo, Abbott and PepsiCo. Claims a 99.995% uptime SLA and an on-premise deployment option.
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