# Laboremus Uganda

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/laboremus-uganda

- Industry: Financial Services
- Headquarters: Kampala, Uganda
- Website: www.laboremus.ug/
- Latest round: Seed (Apr 26, 2022)
- Investors on record: 2

## About

Based in Kampala, Uganda, and founded in 2013, Laboremus Uganda Ltd. is a fintech company that provides financial technology solutions such as digital onboarding and KYC solutions for banks and financial companies in Africa. Timothy Musoke (CEO) and Marius Koestler are the co-founders of the company. In April 2022, Laboremus Uganda Ltd. raised seed funding from DOB Equity and Finn Church Aid. Some of the company’s customers include Bank of Uganda, Bank2, Brac, NITA Uganda, and others.

The company offers a digital infrastructure tailored for customer onboarding and Know Your Customer (KYC) and Know Your Business (KYB) processes. For individuals, the platform verifies various identity parameters, including ID cards, addresses, Tax Identification Numbers (TINs), phone numbers, and Anti-Money Laundering (AML) and Politically Exposed Person (PEP) statuses. Similarly, for businesses, it verifies details such as business names, TINs, trade licenses, and shareholder information. Laboremus's core feature is its adaptability to multiple channels for customer onboarding, including web, WhatsApp, USSD, and mobile applications. In addition, the company integrates with government registries via the NITA data hub, which ensures the reliability of customer information.

## Funding rounds

- Seed, Apr 26, 2022 — DOB Equity, Finn Church Aid

## Investors

- DOB Equity (https://capitalatlas.ai/funds/dob-equity) — Seed
- Finn Church Aid — Seed