Verifiet

Verifiet

verifiet.com·United States·Updated Aug 31, 2023

B2B fraud prevention and company verification SaaS providing real-time legitimacy scoring and due diligence via API, with access to 300+ government data sources across regions including China, Russia, and the Middle East.

SaaSAPIFintechAnalytics

Est. Valuation

$39K

$39,000 · 5× ARR estimate

Monthly Revenue (MRR)

$650

$650/mo

Annual Revenue (ARR)

$7.8K

$7,800/yr

Employees

3

Founded

2022

Verifiet Revenue History

Revenue history for Verifiet from 2023 to 2026.

YearMRRARRYoY GrowthSource
2023$650$7,800Aug 2023

How Verifiet Makes Money

subscriptions

Verifiet Funding

Verifiet is fully bootstrapped with no outside funding. The company has grown to $7,800 ARR organically.

Verifiet Founders

Farhan Afsahi

Co-founder

Verifiet FAQ

How much does Verifiet make?
Verifiet generates $650 in monthly recurring revenue (MRR), which is $7,800 annualized (ARR). This revenue figure is self-reported by the founder.
What is Verifiet's valuation?
Verifiet's estimated valuation is $39,000, calculated as a 5× multiple of its annual recurring revenue (a standard SaaS benchmark for unverified companies).
Who founded Verifiet?
Verifiet was founded in 2022 by Farhan Afsahi (Co-founder). The company is based in US.
Is Verifiet bootstrapped?
Yes, Verifiet is fully bootstrapped with no outside funding. The company has grown to $7,800 ARR organically as a solo-founder business.
What does Verifiet do?
B2B fraud prevention and company verification SaaS providing real-time legitimacy scoring and due diligence via API, with access to 300+ government data sources across regions including China, Russia, and the Middle East. Verifiet operates in the SaaS, API, Fintech space.

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How We Estimate Verifiet's Revenue & Valuation

Profitable tracks revenue, valuation, and other key metrics for thousands of companies using a layered confidence model. Each revenue figure on this page is tagged with one of three confidence levels:

  • Verified — directly confirmed via Stripe integration or audited filings.
  • Self-reported — numbers publicly shared by the founder on X, blog posts, or interviews.
  • Estimated — derived from publicly available signals (traffic, employee count, pricing, comparables).

Valuation follows a hierarchy: public companies use the live market cap; private companies with disclosed funding rounds use the last reported valuation; otherwise we apply a conservative 5× ARR multiple as an estimate. Multiples vary by business model — SaaS typically sits 5–7×, profitable bootstrapped operations 3–5×, consumer brands 1–3×, marketplaces 8–12×.

These are estimates, not official figures. Official numbers — when available — will always override estimates.