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Outlierz Ventures backs Youverify, KYC check for Nigeria, in a $1.5M Seed round led by Orange Digital Ventures

Outlierz Ventures participated in Youverify's $1.5M Seed round, led by Orange Digital Ventures.

Youverify, is a Nigerian regtech company that helps automate KYC check, due diligence and compliance by using data-driven decisions for the financial services, and telecommunication industries. Since it's launch, the startup has processed registrations and verification for banks and companies like Sterling Bank, Bolt, Kobo 360, and NIPOST.

In Africa where identity check and customer's due diligence process is still done manually by corporate organizations, Youverify offers a simple, easy-to-adopt, and cost-effective solution to transform the customer onboarding decisions and automate this process while reducing fraud, manual processes and cost.

“This constitutes a unique opportunity for us to take further our ambition to simplify and secure our client’s internal processes, whether in the recruitment of staff, customer onboarding etc. Our ambition is to be the leading African player in verifying people and companies’ identities by making data protection and security the core of our proposal”, said its co-founder and CEO, Gbenga Odegbami.

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