VerifyMe Nigeria
Latest round
- Series A
Last raised
- Jan 2020
Total raised
- Undisclosed
Investors
- 1
About VerifyMe Nigeria
Founded in 2013 and headquartered in Lagos, Nigeria, VerifyMe Nigeria provides identity verification solutions. The company was established by Esigie Aguele, who also serves as the CEO. VerifyMe has made a significant pivot towards enhancing remote verification solutions, particularly with its offerings for KYC compliance.VerifyMe Nigeria focuses on providing advanced solutions for identity verification and risk management, primarily through its flagship products, Pluto and QoreID. Pluto serves as a comprehensive background check solution, allowing businesses to conduct remote verifications of candidates without the need for in-person appointments. It integrates ID verification with facial recognition technology, ensuring that the individual being verified is indeed who they claim to be. QoreID complements Pluto by streamlining Know Your Customer (KYC) compliance processes, allowing businesses to centralize their verification efforts and design customized workflows for their applications.VerifyMe Nigeria generates revenue through subscription-based models and transactional partnerships with businesses seeking robust verification solutions. Clients engage with VerifyMe's services primarily on a B2B basis, leveraging products like Pluto and QoreID to enhance their hiring and compliance frameworks. The transaction structure typically involves organizations subscribing to these services for ongoing verification needs or integrating solutions via QoreID's customizable API. This model allows clients to optimize their verification processes while minimizing operational complexities and costs.VerifyMe Nigeria is focusing on expanding its product line and geographical reach. The company plans to launch new features for Pluto and QoreID that enhance user experience and compliance capabilities, with an anticipated release in 2021. Additionally, VerifyMe aims to penetrate new markets in West Africa, particularly targeting Ghana and Kenya by 2022.
Who invested in VerifyMe Nigeria
1 investor across 1 round
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Funding rounds
Series A
Jan 20, 2020
Amount
Undisclosed
Investors
Questions about VerifyMe Nigeria
Who invested in VerifyMe Nigeria?
VerifyMe Nigeria has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has VerifyMe Nigeria raised?
VerifyMe Nigeria has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did VerifyMe Nigeria last raise money?
VerifyMe Nigeria's most recent round on record is a Series A, in Jan 2020.
What does VerifyMe Nigeria do?
Founded in 2013 and headquartered in Lagos, Nigeria, VerifyMe Nigeria provides identity verification solutions.
Where is VerifyMe Nigeria headquartered?
VerifyMe Nigeria is headquartered in Lagos, Nigeria.
Which VCs invest in companies like VerifyMe Nigeria?
Among active investors with capital left to deploy, WestBridge Capital Partners, Ventures Platform, Norrsken22 and 4DX Ventures back software companies at VerifyMe Nigeria's stage. Their profiles are linked below.
VCs backing software startups at Series A
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