Veryfi

AI document extraction API for receipts, invoices, cheques and bank statements, with fraud checks.

Data entry & receiptsAll sizes practice Editor's score: 4.1 / 5

About Veryfi

Veryfi is an AI document extraction platform that reads receipts, invoices, cheques, W-2s, bank statements and other financial documents field by field and returns structured data through an API. It also offers fraud detection that checks a document's pixels, arithmetic and whether it has been seen before, plus Lens capture SDKs for mobile and browser with on-device OCR.

The vendor's site says more than 1,000 organisations use it and shows Navan, Rippling, Square, Volvo, Abbott and PepsiCo as customers powered by its OCR API. It lists SOC 2 Type II, CCPA, GDPR and HIPAA compliance, and offers cloud, hybrid or on-premise deployment. Data hosting region is not stated on the pages we read, and the vendor says it does not sell or share your data without addressing model training.

Veryfi is positioned for software builders, fintechs and finance teams that need extraction as a service rather than a finished bookkeeping product. Accounting practices can use it through its workflow tools and integrations, but it is closer to a component than a client-facing app. Prices are published in US dollars.

Key Features

Field-level extraction from receipts, invoices, cheques, W-2s and bank statements
Fraud detection on pixels, arithmetic and duplicate documents
Mobile and browser capture SDKs with on-device OCR
Free plan up to 100 documents a month

The AI Ledger

Our in-depth review

Veryfi is a document extraction engine first and an accounting product second. It turns receipts, invoices, cheques and statements into structured data through an API, with SDKs for capture on phones and browsers. That makes it more of a building block than a drop-in tool for a small practice. Pricing is in US dollars and the platform is US-led, with GDPR also listed.

What it does well. Extraction covers a wide range of document types, and the fraud layer, which checks pixels, arithmetic and duplicate submission, is something many receipt tools lack. SOC 2 Type II is listed by the vendor. There is a free plan for up to 100 documents a month and a 14-day trial, so you can test accuracy on your own paperwork without a commitment. Named customers include Navan, Rippling and Square.

Where it falls short. The Starter plan carries a $500 a month minimum, which is steep for a small practice, and the Growth plan is quote only. Per-document rates stack on top, so costs scale with volume. Integrations with Xero, QuickBooks, Sage and NetSuite are not named on the pages we read, so you may need to build or buy the last mile. Data hosting region and whether customer data trains models are not stated on the pages we read.

Best for. Fintechs, expense and AP software teams, and larger finance teams with developers who want accurate extraction and fraud checks embedded in their own workflow. Small practices that just want receipts in the ledger will usually be better served by Dext or AutoEntry in this directory.

Verdict. Test it with the free plan on a messy batch of real documents, including crumpled receipts and multi-page invoices, and measure field accuracy and the fraud flags. Then ask what integration work you would own, where data is stored and how long documents are retained. If you have developers, it is a strong engine; if you do not, a packaged product is likely the safer buy.

Veryfi pricing

Plans as published on the vendor's site, checked 2026-11-06. Practice and partner pricing is often lower.

Plan	Price	Billed	Includes
Free	$0	monthly	Up to 100 documents a month, all document types, SDKs, limited storage
Starter	From $500 a month	monthly	Monthly minimum commitment covering under 5,000 documents; per-document rates such as $0.08 per receipt and $0.16 per invoice
Growth	On request	Not stated	Volume discounts, unlimited storage, custom retention, SAML SSO, SLA options

Free trial: 14-day free trial, no credit card required; Free plan up to 100 documents a month

Who Veryfi is for

Software teams, fintechs and finance departments with developers that need accurate extraction and fraud checks on receipts, invoices, cheques and statements. Suits anyone who wants to test on a free tier first.

Look elsewhere if: Small practices that want a finished bookkeeping app with ready-made Xero or QuickBooks connections, or that cannot absorb a $500 monthly minimum.

Compared with the nearest alternatives

The closest scored tools in Data entry & receipts. Scores are independent and never for sale.

Tool	Score	From	Best for	In one line
Veryfi	4.1 / 5	$500 a month	All sizes	AI document extraction API for receipts, invoices, cheques and bank statements, with fraud checks.
Dext	4.7 / 5	£12.5 a month	All sizes	The UK default for receipt, invoice and statement capture, now with AI Assist automations and MTD for Income Tax
Cifrato	4.2 / 5	On request	2–10	Agentic accounting engine for Colombia and Mexico that pulls e-invoices from the tax authority, codes them and posts to the ERP
StatementEdge	4.2 / 5	€19 a month	2–10	Converts PDF and scanned bank statements into balance-checked CSV, Excel, QBO, Xero, Sage 50 and OFX files

Compare Veryfi side by side

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Common questions about Veryfi

What does Veryfi do?

Veryfi reads receipts, invoices, cheques, W-2s, bank statements and other documents and returns structured data through an API. It also offers fraud detection, document classification and capture SDKs for mobile and browser. The vendor says more than 1,000 organisations use it.

Does Veryfi have a free plan?

Yes. The vendor lists a free plan for up to 100 documents a month and a 14-day free trial with no credit card. Paid use starts with a Starter plan that has a monthly minimum commitment, and higher volumes are quoted individually.

Is Veryfi secure?

The vendor lists SOC 2 Type II, GDPR, CCPA and HIPAA compliance and says it does not sell or share your data. Data hosting region and whether customer data is used to train models are not stated on the pages we read, so ask before sending client documents.

Does Veryfi connect to Xero or QuickBooks?

The pages we read do not name Xero, QuickBooks, Sage or NetSuite, and refer only to ERP integrations and an API. Check its integrations page and ask what you would need to build before relying on a direct ledger connection.

How much does Veryfi cost?

Free up to 100 documents a month; Starter from $500 a month minimum; Growth on request. Per-document rates apply. We last checked the price on 6 November 2026. See current pricing on Veryfi's site.

Who is Veryfi best for?

Fintechs, expense and AP software teams, and larger finance teams with developers who want accurate extraction and fraud checks embedded in their own workflow. Small practices that just want receipts in the ledger will usually be better served by Dext or AutoEntry in this directory.

Is Veryfi worth it?

We score Veryfi 4.1 out of 5. A mature, developer-friendly extraction engine with real fraud checks and a free tier, best when you are embedding capture into a product or workflow rather than buying a finished bookkeeping app.

What are the alternatives to Veryfi?

The highest-scored alternatives in Data entry & receipts are Dext (4.7/5), Cifrato (4.2/5), StatementEdge (4.2/5), Glean.ai (4.1/5) and Nanonets (4.1/5). Compare them side by side.

Answers checked 6 November 2026.

At a glance

Category: Data entry & receipts
Best for: All sizes practice
Editor's score: 4.1 / 5
Pricing: Free up to 100 documents a month; Starter from $500 a month minimum; Growth on request. Per-document rates apply.
Client data hosted: Not stated
Trains AI on your data: Not stated
Ledger access: Not stated
Customers: More than 1,000 organisations (vendor claim)
Last verified: 2026-11-06