Killick Capital

In making today’s announcement, Mark Dobbin, President of Killick Capital Inc. stated, “This investment represents another example of our commitment to backing a strong Atlantic Canadian entrepreneurial firm operating in the high growth technology field. We believe that Verafin, with its unique product offering and strong management team, is extremely well positioned for growth, as it addresses the needs of small and midsize financial institutions worldwide,” Dobbin added.

"Verafin has established itself as a leader in the Canadian market and has recently installed systems in Texas and California. This investment from Killick will enable Verafin to pursue a more aggressive marketing strategy outside of Canada and establish itself as a key player in international markets”, stated Jamie King, Verafin President. "Financial institutions need the tools to effectively identify and prevent debit fraud and to report large cash transactions and suspicious activity. Verafin is the leader in developing these tools," added King.

Verafin is headquartered in St. John's, Newfoundland and Labrador and will soon open an office in the US. Currently, Verafin has over 50 customers including some of the largest credit unions in Canada.

About Verafin
Verafin™ provides customer intelligence solutions for financial institutions in Canada and the United States. Verafin's automated regulatory compliance reporting, suspicious activity identification and fraudulent activity identification and reporting products are designed to enable the financial services industry to achieve operational efficiencies, improve customer service and enhance internal controls. www.verafin.com