Smile Identity
Latest round
- Series B
Last raised
- Nov 2022
Total raised
- $28M
Investors
- 14
About Smile Identity
Smile Identity provides identity verification solutions to businesses, enabling accurate identity checks through advanced technology.Smile Identity offers a comprehensive suite of identity verification solutions designed to enhance user authentication and compliance across various sectors. Their core products include Document Verification, Biometric KYC, Enhanced DocV, and Business Verification, all of which facilitate accurate identity checks by matching user-provided information against government records and biometric data. These solutions address critical use cases such as fraud prevention, customer onboarding, and regulatory compliance, particularly in the financial services and digital payment markets. The company’s services are tailored for businesses operating in multiple African countries, including South Africa, Nigeria, Tanzania, Uganda, and Kenya, and have been adopted by clients across industries such as banking, lending, and cryptocurrency.Smile Identity operates primarily on a subscription-based revenue model, allowing businesses to integrate its identity verification solutions seamlessly into their platforms. Clients, including financial institutions and digital service providers, engage with Smile Identity through various pricing plans that align with their specific verification needs. Revenue is generated through the utilization of services such as Biometric Authentication and AML Checks, with clients paying fees based on the volume of verifications they conduct or the tier of service selected. The company plans to accelerate the development and specialization of its AI-powered biometrics, document verification, anti-fraud, and compliance solutions tailored for African markets. Future initiatives include the launch of new products designed for enhanced identity verification, alongside strategic expansion into additional African markets.
Who invested in Smile Identity
14 investors across 3 rounds
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Questions about Smile Identity
Who invested in Smile Identity?
Smile Identity has 14 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Smile Identity raised?
Smile Identity has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Smile Identity last raise money?
Smile Identity's most recent round on record is a Series B, in Nov 2022.
What does Smile Identity do?
Smile Identity provides identity verification solutions to businesses, enabling accurate identity checks through advanced technology.
Where is Smile Identity headquartered?
Smile Identity is headquartered in San Francisco, US.
Which VCs invest in companies like Smile Identity?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Smile Identity's stage. Their profiles are linked below.
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