NIGERIA – VerifyMe Nigeria, an ID verification and KYC (Know Your Customer) technology company, announced today it has secured a Series A financing for an undisclosed amount from Consonance Investment Managers.
The company’s verification platform enables seamless, real-time ID verifications backed by the Nigerian Identity Management Commission (NIMC), Central Bank of Nigeria (CBN), Bank Verification Number (BVN), and Federal Road Safety Commission (FRSC) Driver’s Licenses.
VerifyMe services enable employers to make informed hiring decisions, promote transparency and make workers and customers accountable.
VerifyMe said that the funds will be used to expand strategic partnerships and bring new digital ID verification products to market.
“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,” said Esigie Aguele, VerifyMe Co-founder/CEO.
Mobolaji Adeoye, Managing Partner at Consonance Investment Managers said, “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 the VerifyMe team are doing work that is pivotal to meeting Nigeria’s financial and digital inclusion goals. We are proud to support their vision and journey,” said
VerifyMe plans to expand adoption across Nigeria and grow revenue twenty-fold over the next three years.
A company with a social mission, VerifyMe will help unlock financial inclusion and intervention services in rural communities.