Smile Identity Raises $20 Million In Series B Funding For Pan-African Expansion
Smile Identity Raises $20 Million In Series B Funding For Pan-African Expansion. Smile Identity has announced that it has managed to raise $20 million in Series B funding as it plans on to expand into Africa. The company took to LinkedIn to make the announcement.
The post read, “We are thrilled to announce that we have raised $20 million in Series B funding 🙌 The round was co-led by Costanoa and Norrsken22. Additional new investments came from Commerce Ventures, Courtside Ventures, Two Culture Capital, and Latitude. Existing investors Valuestream Ventures, Intercept Ventures and Future Africa also joined the round.We promise to double down on our commitment to make Africans the most trusted users in the digital economy.”
Smile Identity provides the best Africa-focused solutions for real time Digital KYC, Identity Verification, User Onboarding, Document Verification, Liveness Checks, Face Verification, Anti-fraud, Know your Business (KYB), and Identity Data Deduplication across Africa. The company is building the tools and software that make it easier for millions of Africans to prove and verify their identity online.
The company continued to say, “Our plans for Series B include the following:1. Expanding into the francophone and Arabic-speaking African markets. 2. Increase the size of our product and engineering teams. 3. Accelerate the development and specialisation of our technology. 4. Grow our teams in East, West, and Southern Africa to provide more localised support.”
