Smile Identity
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | $4.0m | Seed | |
$4.0m | Seed | ||
N/A | N/A | Series A | |
$7.0m | Series A | ||
* | $20.0m | Series B | |
Total Funding | €31.8m |
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EditSmile Identity specializes in providing digital Know Your Customer (KYC) and identity verification solutions tailored for the African market. The company serves a diverse range of clients including startups, banks, and telecom companies. Smile Identity's core services include ID verification, user authentication, biometric authentication, and data cleanup and deduplication. These services help businesses onboard, verify, and authenticate users efficiently while staying compliant with regulatory requirements. The business model revolves around offering software and APIs that integrate with clients' systems to automate compliance processes and reduce KYC completion times significantly. Smile Identity generates revenue through subscription fees and usage-based pricing models. The company is trusted by over a hundred organizations and covers over 250 million identities across Africa.
Keywords: KYC, ID verification, user authentication, biometric authentication, fraud prevention, data cleanup, deduplication, compliance, APIs, Africa.