Identitypass, a Nigerian digital compliance and security firm, has raised $360,000 in pre-seed capital to help it expand its customer base, enhance its product, and hire more people.
Lanre Ogungbe, Niyi Adegboye, and David Obi founded Identitypass in January of this year with the goal of creating a world-class compliance and security infrastructure for Africa.
The platform is a simple compliance and data security platform that allows online businesses to quickly authenticate and validate a transacting party’s identity using existing forms of identification.
Identitypass has created a number of products, including an ID checker, identity graph, and identity form, and is currently used by over 170 companies to verify their identities. After collecting US$360,000 in pre-seed finance, it is aiming for more consumers and expansion into other continents. CcHub, Midlothian Angel Network, D Global Ventures Fund, and other angel investors were among the investors.
Read also China’s Tencent Leads $48m Series B Round In South African Payments Startup Ozow
“In the last three quarters since we launched, we have verified millions of users and businesses and this growth is largely due to our market approach strategies. The coming quarter’s goal is to launch new products that don’t only keep businesses secured but also secures every internet user in the region,” Ogungbe said.
Identitypass compliance Identitypass compliance
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning write