Afrigather Kenyan identification administration startup, Peleza has merged with YC-backed Prembly to kind the Prembly Group. Each firms declined to offer the particular monetary particulars of the transaction.
Whereas Prembly gives identification verification, safety, and compliance, Peleza conducts background checks for companies. Peleza has key partnerships in East Africa with mobility apps Uber and Bolt and logistics company FedEx. With this merger, the Prembly group will construct an even bigger East African enterprise utilizing Peleza’s business information and enhance customer support choices.
During the last 18 months, Peleza has been utilizing Prembly’s infrastructure.
“This merger serves as an extension of that collaboration and our longstanding partnership, offering a chance to develop service choices to prospects throughout varied markets and globally,” Peleza’s founder Marita Mutemi informed TechCabal.
“Merging each firms considerably will increase our choices and worth, positioning us as essentially the most used supplier throughout Pan-Africa and attaining chief standing on this area,” mentioned Lanre Ogungbe, the co-founder and CEO of Prembly.
Ogungbe has been appointed the CEO of Prembly Group. Marita Mutemi, the founder and CEO of Peleza, will be a part of the Prembly Group as CFO and double because the CEO of Prembly East Africa. “Different executives from Peleza have been reassigned and retained their management roles, guaranteeing continuity and stability,” Mutemi informed TechCabal.
The merger creates a mixed workforce of about 100 staff. Ogungbe and Marita disclosed that no less than ten staff might be let go as a result of their roles have been duplicated due to the merger. These employees members will obtain a severance package deal.
“The choice to call the entity Prembly Group is borne out of a mutual settlement to leverage the model fairness and established market presence of Prembly, particularly given its international recognition in compliance and digital safety options,” mentioned Ogungbe.
There are plans to combine the KYC/B know-how platforms for each firms.
Peleza is the older of the 2 firms; it was based in 2015 and has not disclosed funding from enterprise capital corporations. Prembly was based in 2021 and raised a $2.8 million seed spherical in 2022, backed by MaC Enterprise Capital and Soma Capital.
