Cybersecurity company Verafin, which became the most valuable startup in Atlantic Canadian history when it exited to Nasdaq in 2021 for US$2.75 billion, is continuing to grow its staff in its home city of St. John’s, reaching 900 employees last week.
Founded in 2003, Verafin provides more than 2,000 financial institutions in North America with a cloud-based platform to help detect, investigate and report money laundering and financial fraud.
The company’s employee count has nearly doubled since the sale, at which time it had about 500 staff. As part of the deal, Nasdaq promised to grow