January 21, 2021 All Things Fintech in Africa

Verifyme Secures a Series A Funding from Consonance Investment Manager

VerifyMe Nigeria, an ID verification and KYC technology company,  has secured a Series A financing for an undisclosed amount from Consonance Investment Managers.

 

The startup tends to expand its strategic partnerships and bring new digital ID verification products to the market with the funds.

According to Esigie Aguele, Co-founder/CEO  of Verify Me:

“We are delighted to partner with Consonance Investment Managers in our mission to build Africa’s KYC infrastructure. Digital services are a key catalyst for Africa’s economic growth and financial inclusion but they can only be unlocked if there’s a mechanism to verify identity at scale. We strive to transform the digital landscape by providing businesses with KYC-as-a-service tools to verify their client identities.”

 

While in a statement by  Mobolaji Adeoye, Managing Partner at Consonance Investment Managers, he believes  the startup is on the right track to being a  foundation to digital commerce:

“Authenticated identity is a critical foundation of digital commerce and financial services; it’s the cornerstone of trust which is essential for collaboration in economies. We believe that Tunji, Esigie and the VerifyMe team are doing work that is pivotal to meeting Nigeria’s financial inclusion goals. We are proud to support their vision and journey.”

With the funding, VerifyMe plans to expand adoption across Nigeria and double its revenue twenty-fold over the next three years.  VerifyMe also hopes to help unlock financial inclusion and intervention services in rural communities, as one of its social mission.

About VerifyMe NG

 

VerifyMe Nigeria is a technology company offering trusted Know Your Customer (KYC) data via API and portal to industries, and the Nigerian retail market. With KYC reports that comply with Anti-Money Laundering (AML) directives and CBN Tier III compliant verifications, VerifyMe products enable business growth across sectors by delivering KYC as a service.

 

Since 2017, VerifyMe has built a KYC infrastructure layer to enable the interoperability of KYC data across industries and employers. This gives decision-makers the tools to assess customer suitability for financial and other services. VerifyMe partners with major banks and government agencies in Nigeria to provide  KYC as a service. With over 10,000 domestic employers and 1,000 corporate employers using VerifyMe products today to verify identities, VerifyMe has emerged as a leading technology company pioneering innovative, secure and realistic ID solutions in the African market.

 

VerifyMe’s ID Validation (IDV) verification capabilities include Nigerian Identity Management Corporation (NIMC), Bank Verification Number (BVN) and Drivers License verification.

Banner
Related Posts

Five Online Payment Platforms in Nigeria and How to Use Them

April 5, 2019

April 5, 2019 3

I would be writing on Five Online Payment Platforms in Nigeria and How to use them to make transactions on...

  How to go Cashless with Paga

March 29, 2020

March 29, 2020

 For frequent cash users who are more comfortable with the traditional payment systems, going cashless have built up a sort...

Visa partners with PalmPay to drive financial inclusion across Africa

April 26, 2019

April 26, 2019

Visa partners with PalmPay to drive financial inclusion across Africa Visa, the global payments technology company and PalmPay, a new...

Using Blockchain to Enable Faster Cross Border Remittance

May 10, 2019

May 10, 2019

Using Blockchain to Enable Faster Cross Border Remittance Blockchain derived its name from how it works and the way it...

Konga Pay : Features you never knew  about and How it Works.

May 7, 2019

May 7, 2019

Konga Pay is a pilot product launched by Konga.com in 2015 for online shoppers.  Shopping on Konga was made easier...

MTN Mobile Money Wallet Users Can Transfer through Western Union Directly

November 1, 2019

November 1, 2019

Cross-border transfer has been made easy with the new launch of western union on MTN mobile money wallet.  In this...

Opay Expands as it launches tricycle hailing service, OTrike in Nigeria

August 25, 2019

August 25, 2019 1

  Introduction The opera company, the Chinese-backed startup is giving other fin tech startups a clear run for their money...

FlutterWave  yet again secures a $35 million series round and a Partnership with WorldPay

January 24, 2020

January 24, 2020

  FlutterWave, a San Francisco and Lagos-based fintech startup has secured a $35 million Series  B round  and a partnership...

Remitly Partner with Xpress Money to Expand Cross-border Money Services

December 2, 2019

December 2, 2019

Remitly is an online remittance service which allows users to transfer money from United states to Nigeria , while Xpress...

Carbon Plans to Launch a Micro Insurance and Digital Wallet in Kenya

October 24, 2019

October 24, 2019

  Carbon is a Nigerian instant loan, investment, and payment   digital service,  planning to launch new operations  in Kenya.   In...

 FlutterWave:  Creating Financial Accessibility With Digital Payment Solutions

September 27, 2019

September 27, 2019

Introduction:  Sometimes, I feel the technology is  man’s coolest invention. Digital bank is the newest rave of the now, which...

Top 10 Interesting facts about Interswitch Nigeria

April 11, 2019

April 11, 2019 1

Top 10 Interesting facts about Interswitch Nigeria Today many payment processing companies exist, but Interswitch Nigeria has made an incredible...

PayStack Introduces USD Payouts into Zenith Banks  

December 11, 2019

December 11, 2019 1

  Introduction:  PayStack introduced USD settlements which allow Paystack merchants to list their goods in USD, get paid and settled...

Uber Launches a Financial Product Known as Uber Money

November 28, 2019

November 28, 2019

  Uber, the ride company has announced a new expansion into a financial product which includes a digital wallet and...

Zazu Raises $1.4m in an attempt to expand their user base

December 11, 2019

December 11, 2019 1

  Zazu fully started as a digital banking space in 2107.  Previously, Zazu was a platform where farms could connect...

Comments
Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.