Nigeria based ID verification and KYC compliance platform raised $7m in Series A funding co-led by Costanoa Ventures and CRE Venture Capital.
"Smile Identity has powered our hyper growth across Africa, accelerating our ability to acquire real users and build a great KYC user experience for our customers. With Smile Identity, we were able to automate our compliance process and reduce KYC completion time by 99%, from 2 days to 2 minutes. Within 6 weeks of turning on Smile Identity's automated KYC solution, we catapulted to #1 in the South African app store." said Maijid Moujaled, Chippercash Co-founder and President.