IdentityPass, Nigerian digital security, and compliance startup has secured US$360,000 in pre-seed funding. The funds will go towards its team expansion, serving more customers, research, and development. This funding round attracted participation from CCHub, Midlothian Angel Network, D Global Ventures Fund, and other Angel Investors. Identitypass is on a mission to build world-class compliance and security infrastructure for Africa free from identity theft and other compliance-related bottlenecks.
Identitypass was launched in 2017 by Lanre Ogungbe, Niyi Adegboye, and David Obi. The company is working to deliver seamless identity verification solutions to various businesses through its simplified compliance and data security platform allowing online businesses to easily authenticate and validate how genuine a transaction party is.
This is done through existing forms of identification that range from personal traits to government-issued identity cards. All this data can help individuals and businesses to identify with people, money, and data in much easier, secure, and faster ways.
Among the products on offer are an identity checker, Identity form, Identity graph, and biometric technologies. Identitypass currently powers verification engines or solutions for over 170 businesses with plans to empower many more in the coming quarter with product verification.
Identitypass has further secured strategic partnerships that will see its product usage kick off in multiple continents, i.e the America and Asia.