KYC Startups in Africa

KYC adoption in East Africa is gaining traction, driven by regulatory compliance and the need for secure digital transactions. Local business leaders recognize the importance of KYC for fraud prevention, risk management, and customer onboarding. Players like Smile Identity, iiDENTIFii, and Youverify are gaining ground, offering innovative solutions and leveraging local partnerships. However, challenges remain, including infrastructure limitations and the need for wider financial inclusion.

Total Sectors
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Market Map

16 companies in this sector

CompanyTaglineTotal FundingLast RoundTeam SizeBackersAction
Paycode
Paycode
South Africa

Paycode is giving biometric identity and access to financial services to the unbanked.

-
Series A
-
11-50
No Data
Entersekt
Entersekt
South Africa

Entersekt is a single authentication hub allowing consumers to transact securely and easily on any digital channel, from any device.

-
Private Equity
-
51-200
No Data
Cotrust Equity
Cotrust Equity
Nigeria

Cotrust Equity harnesses KYC of target audience to provide unique credit plans to banked and unbanked Micro Traders in sub-Saharan Africa.

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-
-
11-50
No Data
VerifyMe
VerifyMe
Nigeria

VerifyMe is Securely Digitizing Identities for Nigeria.

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Series A
-
11-50
No Data
Smile Identity
Smile Identity
Nigeria

Smile Identity is an Africa-focused Identity Management that provides the best Africa-focused solutions.

$31M
Corporate
-
11-50
No Data
iiDENTIFii
iiDENTIFii
South Africa

iiDENTIFii (identify) is a world leading digital identity solution.

$15M
Series A
-
11-50
No Data

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