Grace Ashiru
South African digital identity platform Contactable has secured USD 13.5 million in funding to enhance its onboarding and eKYC solutions across Africa. The funding round was led by Venture Capitalworks, with participation from Fireball Capital, Ke Nako Capital, and Mavovo.
Founded in 2012 by Shaun Strydom, Contactable offers an integrated platform for digital onboarding, identity verification, fraud prevention, and compliance. Its services cater to sectors such as finance, telecommunications, insurance, retail, motor finance, and payments. The new investment will support the company’s expansion into more African markets and drive innovation in areas such as Ultimate Beneficial Ownership, AI, self-sovereign identity, and payments integration.
Strydom emphasized that the funding will help advance Contactable’s mission of democratizing digital identity across Africa. Brent Shahim, managing partner at Venture Capitalworks, noted that digital identity is crucial for financial inclusion and digital transformation, calling the partnership a strategic move to scale trusted identity infrastructure in underserved markets.
Attendees can register for the Afreximbank Compliance Forum through this link: acf2025.com.
