VerifyMe Raises Series A Investment Led by Consonance Investment Managers
Summary
TechInAfrica An ID verification and KYC technology company VerifyMe Nigeria has announced on Monday, January 27 that it has raised a Series A financing led by Consonance Investment Managers for an undisclosed amount.The company plans to use the funds for the expansion of its strategic partnerships and bringing new digital ID verification products to the market.We are delighted to partner with Consonance Investment Managers in our mission to build Africas KYC infrastructure. Digital services are a key catalyst for Africas economic growth and financial inclusion but they can only be unlocked if theres a mechanism to verify identity at scale. We strive to transform the digital landscape by providing businesses with KYC-as-a-service tools to verify their client identities, said Esigie Aguele, VerifyMe Co-founder/CEO.VerifyMe Nigeria is a technology company offering trusted Know Your Customer (KYC) data via API and portal to industries, and the Nigerian retail market. We are proud to support their vision and journey, said Mobolaji Adeoye, Managing Partner at Consonance Investment Managers.Over the next three years, VerifyMe plans to expand adoption across Nigeria and grow revenue twenty-fold. Consonance backs entrepreneurs who are building large and profitable enterprises that create systems to enable national wealth creation.It focuses on the following sectors and themes: Access to wealth creation, financial and capital markets infrastructure, access to essential services (education, health & power), culture and media, logistics and mobility, retail at scale, food, and its distribution systems, and technology infrastructure services.