Identitypass, Nigerian digital compliance, and security firm have secured $360,000 in pre-seed capital to help it expand its client base, enhance its product, and hire more people.
Lanre Ogungbe, Niyi Adegboye, and David Obi founded Identitypass in January of this year with the goal of creating a world-class compliance and security infrastructure for Africa.
The platform is simple compliance and data security platform that allows online businesses to quickly verify and confirm a transacting party’s identity using existing forms of identification.
Identitypass has created several products, including an ID checker, an identity graph, and an identity form, and is presently used by over 170 companies to verify their identities. After collecting $360,000 in pre-seed finance, it is aiming for additional consumers and growth into other continents. CcHub, Midlothian Angel Network, D Global Ventures Fund, and other angel investors were among those who contributed money.
“In the last three quarters since we launched, we have verified millions of users and businesses and this growth is largely due to our market approach strategies. The coming quarter’s goal is to launch new products that don’t only keep businesses secured but also secures every internet user in the region,” Ogungbe said.
