Afrigather Biometrics tech agency iiDENTIFii has raised $15 million in a progress capital spherical led by African funding firm Come up whose buyers embody Rabobank Partnerships, Norfund, NorFinance and FMO. Progress-stage non-public fairness agency Sanari Capital and US tech entrepreneur Invoice Spruill additionally partook within the spherical.
iiDENTIFii claims that its face authentication know-how securely authenticates customers by way of their cellphones or PCs inside seconds. The agency operates throughout a number of trade verticals and boasts high-profile clients together with Customary Financial institution, ABSA Financial institution, and Investec Financial institution.
Talking on the funding spherical, iiDENTIFii founder and CEO Gur Geva mentioned that the funding validates their central enterprise thesis that they’re the popular accomplice for enterprise-grade id in Africa.
“We’re excited to place the funding to work as we shut in on our aim of authenticating each face in Africa. With this new funding and the networks of Come up, Sanari, and Invoice – we confidently proceed our mission of stopping id theft in Africa,” he added.
For Come up, CEO Gavin Tipper acknowledged, “We’re enthusiastic about our partnership with iiDENTIFii, which is able to permit us to supply their distinctive know-how to banks in Sub-Saharan Africa, strengthening digital anti-money laundering practices and advancing monetary inclusion.”
iiDENTIFii lately received KPMG’s Tech Innovator in Africa award and can compete for the worldwide title happening in Lisbon, Portugal in November. It has beforehand received MTN App of the Yr and Microsoft Unbiased Software program Vendor (ISV) Accomplice of the Yr.
