Biometric Identity Verification Startup iiDENTIFii Raises US$15M Series Aby Fintechnews Africa 5 October 2022
Identity verification platform iiDENTIFii has raised a US$15 million Series A funding round led by African investment company Arise, with Sanari Capital and angel investor Bill Spruill.
iiDENTIFii’s biometric authentication technology enables identity verification through cellphones and computers. The solution is used by businesses for both customer and employee authentication.
The company, whose clients include Standard Bank, Absa and Investec Bank, will use the investment to fund its expansion across Africa.
Founded in 2018 and headquartered in Cape Town, iiDENTIFii also won the recent KPMG Private Enterprise Tech Innovator in Africa Award 2022.
“We’re excited to put the investment to work as we close in on our goal of authenticating every face in Africa,”
said Gur Geva, Founder and CEO, iiDENTIFii.
“Our partnership with iiDENTIFii will allow us to offer their unique technology to banks in Sub-Saharan Africa, strengthening digital anti-money laundering practices and advancing financial inclusion,”
said Gavin Tipper, CEO, Arise.