The funds will be used to expand strategic partnerships and bring new digital identity verification products to the market.
“We are delighted to work in partnership with Consonance Investment Managers to accomplish our mission of building the customer knowledge infrastructure of Africa. Digital services are a key catalyst for Africa’s economic growth and financial inclusion, but they can only be unlocked if there is an identity verification mechanism at all levels. We strive to transform the digital landscape by providing businesses with customer insight tools , ” said Esigie Aguele, co-founder and CEO of VerifyMe.
“Authenticated identity is an essential foundation for digital commerce and financial services; it is the cornerstone of trust, a key element to collaboration in economies. We believe that Tunji, Esigie and the VerifyMe team are doing work that is essential to achieving Nigeria’s financial and digital inclusion goals. We are proud to support their vision and their journey, ” said Mobolaji Adeoye, Associate Director at Consonance Investment Managers.
VerifyMe plans to expand adoption across Nigeria and increase revenue by twenty over the next three years. A social enterprise, VerifyMe will help unlock financial inclusion and intervention services in rural communities.