To expand digital ID services throughout Africa, Nigeria’s Seamfix raised $4.5 M funding

In order to expand its digital ID and credential services into five more African countries, enhance data flow—which is essential for continental trade and integration—and scale its technological infrastructure, Nigerian provider of digital identity solutions Seamfix has raised US $4.5 million in funding.

Seamfix, founded by Chimezie Emewulu and Chibuzor Onwurah, offers process automation, identity management, and data capture solutions to major corporations and governmental organizations worldwide.

For businesses like Veremark, Nigeria’s National Identity Management Commission [NIMC], MTN, Glo, Airtel 9 Mobile, United Bank for Africa, Interswitch, and Union Bank, among others, the company has provided a broad range of solutions that make it easy for these businesses and their clients around the world to create, validate, and access reliable digital identities and services.

With the US $4.5 million funding it received from Alitheia IDF—a US $100 million gender-lens fund that finds, funds, and develops SMEs run by teams with a diversity of genders—it is now preparing for more growth and expansion.

The company will be able to extend its services to Ghana, Kenya, South Africa, Ethiopia, and Uganda thanks to the additional funding, which marks Seamfix’s first institutional investment.

“We are thrilled to announce this new funding, which marks a significant milestone in our journey of shaping the future of digital ID verification in Africa and connecting Africa to the rest of the world. Digital identity is a right – not a privilege – and this belief underpins our innovation and commitment to enabling individuals and businesses in Africa to access all the benefits that come with having verifiable identities,” said Emewulu.

“This investment not only validates our vision but also empowers us to expand our reach and innovate further. We are thankful for the support from Alitheia IDF and their commitment to our mission, and we are excited to lead the charge in shaping a digitally inclusive Africa.”

Principal partner at Alitheia IDF Tokunboh Ishmael stated that in a world going digital, where digital platforms are facilitating inclusion and expanding access to basic services, digital IDs are becoming more and more important for opening doors.

“According to a recent McKinsey report, such access can result in the unlocking of up to 70 percent of an economy’s full economic potential and an additional six percent of GDP,” she said. “This is particularly pertinent, when you consider that studies show that low-income women in emerging economies are less likely to have a digital ID, which further hinders their ability to participate in economic value creation and access opportunities. With this investment Alitheia IDF is working with Seamfix to amplify its work in enabling millions of women to participate in the African economy and reach their full potential by providing crucial identification services and empowering businesses across the continent to scale.”