Last updated: 2026-08-20
Veryfi is a document-AI API founded in 2016 that extracts structured data from over 40 document types, including receipts, invoices, bank statements and IDs, reporting 99.56% field-level accuracy on expense receipts. It ships native iOS and Android SDKs, backend SDKs in 7 languages, and an OpenClaw agent skill for real-time JSON extraction.
About Veryfi
Veryfi is a document-AI company founded in 2016 by Ernest Semerda and Dmitry Birulia in San Mateo, California, and backed through YC's Winter 2017 batch. Its core product is a set of OCR and data-extraction APIs that convert unstructured documents such as receipts, invoices, bank statements, checks, W-2s and passports into structured JSON, using deterministic pre-trained models rather than a general-purpose language model. The engine returns results in 3 to 5 seconds per document and runs on Veryfi's own fleet of NVIDIA data-center GPUs for training and inference in Silicon Valley. The API covers dozens of document types across finance, identity, logistics, healthcare, hospitality and legal use cases, from bills of lading and airway bills to health insurance cards and articles of incorporation. Invoice and receipt extraction supports 91+ currencies and 38+ languages. Capture happens through Veryfi Lens, a mobile and browser SDK available natively for iOS (Swift) and Android (Kotlin) plus React Native, Flutter, Cordova, Xamarin and Ionic, alongside backend SDKs for common server languages. A dedicated OpenClaw Veryfi Skill, installable via `clawhub install veryfi-ocr`, lets agent workflows call the same OCR engine and get back a large set of structured fields as JSON. The API product is aimed at accounts-payable teams automating invoice and bill processing, fintech and expense-management developers embedding receipt OCR into their own apps, insurance and healthcare back offices digitizing claims and ID documents, and logistics operators processing shipping paperwork. Veryfi also ships a standalone consumer app, Veryfi Receipts OCR & Expenses, on the iOS App Store and Google Play, for people who want the same OCR engine without building against the API. Pricing splits into a free plan for light usage, a pay-as-you-go Starter plan for the OCR API billed per document, and a custom-quoted Growth plan for high-volume accounts that adds Lens, Product Matching, Workflows, unlimited storage and SAML SSO. The separate consumer Expense Management app runs on its own monthly subscription. Veryfi is SOC 2 Type II certified and GDPR, HIPAA, CCPA and ITAR compliant, with a GovCloud option for federal customers.
Pricing
Free plan: $0/month for up to 100 documents (all document types, SDKs, limited storage, email support). Starter (OCR API): $500/month minimum, pay-per-document (receipts $0.08, invoices $0.16, bank checks and statements $0.25, W-2s/W-9s $0.16), 14-day free trial, no credit card required. Growth: custom volume pricing at 10,000+ documents/month, adds Lens, Product Matching, Workflows, unlimited storage, SAML SSO. The separate Expense Management consumer app runs on a PRIME plan at $19.99/user/month, or $17.50/user/month billed annually.
Key Features
- 40+ document-type OCR APIs: Extracts structured JSON from receipts, invoices, bank statements, checks, W-2s/W-9s, passports, bills of lading and 30+ other document types.
- 99.56% field accuracy on receipts: Veryfi's 2025 benchmark reports 99.56% field-level accuracy on expense receipts using pre-trained deterministic models with no human-in-the-loop review.
- 3 to 5 second processing SLA: Invoices and receipts return structured JSON in 3 to 5 seconds per document through a REST API.
- Lens mobile and browser capture SDKs: Native iOS (Swift) and Android (Kotlin) SDKs plus React Native, Flutter, Cordova, Xamarin, Ionic and browser/PWA capture for embedding document scanning in a host app.
- Fraud detection add-on: Paid add-on that flags AI-generated or tampered images and detects duplicate document submissions.
- OpenClaw Veryfi Skill for agents: Installable via 'clawhub install veryfi-ocr', letting agent workflows extract 100+ structured fields from a document as real-time JSON.
- Seven-language backend SDKs: Official integration libraries covering Python, Node.js, Java, PHP, Ruby, Go and .NET/C#, plus n8n workflow nodes for no-code automation.
- 91+ currencies, 38+ languages: Invoice and receipt extraction reads 91+ currencies and 38+ languages, including line-item and tax detail for 3-way matching.
Pros
- The free plan includes every document type with full SDK access, and the Starter API plan has a 14-day trial with no credit card required.
- G2 rates Veryfi 4.7 out of 5 across 57 reviews, with reviewers naming it easier to use than Everlance and FreeAgent for receipt scanning.
- SOC 2 Type II certified with GDPR, HIPAA, CCPA and ITAR compliance, plus a GovCloud option and BAA availability for healthcare customers.
Cons
- The Starter OCR API plan carries a steep flat monthly minimum regardless of document volume, which Capterra reviewers call expensive for small businesses.
- OCR accuracy drops when scanning business cards printed in faint colors or documents captured in low light, per user reviews.
- Extraction relies only on Veryfi's own pre-trained models; unlike Nanonets, there is no customer-labeled fine-tuning option, so unusual document layouts can still need manual correction.
Frequently Asked Questions
How much do you pay for Veryfi?
Veryfi's OCR API has a free plan for up to 100 documents a month, then a Starter plan with a $500/month minimum billed per document ($0.08 per receipt, $0.16 per invoice, $0.25 per bank check or statement). Growth tier pricing for 10,000+ documents a month is custom-quoted. The separate Expense Management consumer app is $19.99 per user per month, or $17.50 billed annually.
Is Veryfi free to use?
Yes, Veryfi's free plan covers up to 100 documents a month across every supported document type, with full SDK access, limited storage and email support. The Starter API plan also offers a 14-day free trial with no credit card required before the $500/month minimum kicks in.
What should you use instead of Veryfi?
Mindee is a closer fit if you only need a handful of document types and want a lower entry price than Veryfi's $500/month Starter minimum. Nanonets is worth considering if you need to train custom extraction models on your own labeled documents rather than rely on Veryfi's pre-trained set. Reducto fits better if the extracted data feeds directly into a RAG pipeline or AI agent.
Is Veryfi better than Mindee?
Veryfi covers more than 40 document types, from bank checks to bills of lading, versus Mindee's narrower catalog, and adds an OpenClaw agent skill for real-time extraction inside agent workflows. Mindee starts cheaper at $29/month with credit-pack pricing, so it can work out lower cost for teams processing a small, fixed set of document types.
How long does it take to get going with Veryfi?
Sign up for the free plan or start the 14-day Starter trial with no credit card, then call the REST API with an official SDK (Python, Node.js, Java, PHP, Ruby, Go or .NET) or drop in the Lens mobile/browser SDK for document capture. Veryfi returns structured JSON for a submitted receipt or invoice in 3 to 5 seconds, so a first working integration is typically a same-day task.
Top Alternatives
- Mindee: Pick Veryfi if you need document-type coverage beyond invoices and receipts; pick Mindee if you only process a narrow set of forms and want lower entry pricing.
- Reducto: Pick Reducto if the output feeds a RAG pipeline or AI agent over mixed file types; pick Veryfi if you need purpose-built extraction for financial and identity documents.
- Vic.ai: Pick Vic.ai if you want a full AP-automation workflow with approvals built in; pick Veryfi if you just need the extraction API to build your own workflow around.