Identitypass, a Nigerian digital compliance and security startup, has raised $360,000 in pre-seed funding to help it expand its customer base, enhance its product, and hire more employees.
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 through existing forms of identification.
Identitypass has created a variety of products, including an ID checker, identity graph, and identity form, and is currently used by over 170 companies to verify their identities. After securing US$360,000 in pre-seed funding, it is aiming for more consumers and expansion into other continents. CcHub, Midlothian Angel Network, D Global Ventures Fund, and other angel investors are among investors.
“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.