Chekkit has announced a $500,000 pre-seed round with top investors such as Launch Africa, Japan Strategic capital, Blockchain Founders Fund, and two angel investor indicate groups. A grant from the Orange Corners program was added to the funding round.
Chekkit is working towards becoming the leading product authentication and distribution tracking solution worldwide. Over the past years, Chekkit customers in the Nigerian and Afghanistan markets have been safeguarded from the dangers posedby counterfeit products giving consumers an opportunity to identify products that are original. In so doing, this has safeguarded 200,000 consumers expanding the partnership with the Afghan government on the tracking and verification of over 200 million products across the country. All this was achieved by working alongside pharmaceutical companies like Royal Star Pharma, Nabros Pharmaceutical, Merck, and others.
Chekkit was founded by Dare Odumade (CEO), Samuel Ukhueleigbe (CTO), and Oluwatosin Adelowo (CMO). The trio will channel the funds towards strengthening their anti-counterfeiting strategy while offering consumer engagement solutions that build their supply chain tracking and infrastructure optimization plans.
In Nigeria, the company has worked alongside major brands such as Flourmills of Nigeria Plc, Indomie, and Nivea. This helps them get closer to consumers through the company’s point-of-sale consumer engagement solution. Most brands can now optimize their loyalty programs and promotions while collecting valuable insights directly from their customers through smart intuitive surveys.