We advised Veriff, a leading Estonian digital identity verification firm, on its acquisition of technology provider Vespia.
For Veriff, which began as a startup, this marks a strategic move in expanding beyond individual identity verification and towards building a full-trust platform.
The deal will help Veriff meet the expectations of its global clients
Vespia is an innovative, AI‑driven, all‑in‑one Know Your Business (KYB) platform. Internationally, it operates mainly in the Baltic States, the United Kingdom, Germany, Bangladesh and Canada, and is preparing to expand into Africa.
“KYB services have historically been slow, manual and inefficient. We don’t want to improve the process step by step – we want to redesign it entirely,” said Kaarel Kotkas, founder and CEO of Veriff. “With Vespia, we can do this far better than ever before, offering a real‑time, end‑to‑end KYB journey from a single platform built to Veriff’s global standards.”
As part of the transaction, the Vespia team will also join Veriff. Veriff will begin integrating Vespia’s technology, aiming to make it available on its platform by mid‑2026.
Our team and services
We supported the client throughout the entire transaction process, including the DDL, transaction structuring, preparation of the documentation, and participation in the negotiations. We coordinated communication and provided advice on IP law, employment law, contract law, tax law and on the overall transaction structure.
Our client team was led by partner Mirell Prosa and counsel Robin Teever, who were supported by partner Kaido Künnapas, counsel Pirkko-Liis Harkmaa, senior associate Liisa Maria Kuuskmaa, associate Karina-Anette Kiristaja and assistant lawyer Elisabeth Lauri.
