Seamfix, a Nigerian-based digital ID provider that helps businesses and customers globally to create, verify, and access trusted digital identities, has secured $4.5 million to fund the expansion of its digital ID and credential services.
The private equity funding round was secured from Alitheia IDF, a leading professional investment and advisory firm that embodies the philosophy of true profit with a purpose.
According to Seamfix, the funds secured will be used to scale its technology infrastructure, improve data flow for continental trade and integration, and expand its digital ID and credential services into five new African countries.
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Commenting on the funding round, Group CEO and co-founder of Seamfix Chimezie Emewulu said,
“We are thrilled to announce this new funding, which marks a significant milestone in our journey of shaping the future of digital ID verification in Africa and connecting Africa to the rest of the world. Digital identity is a right, not a privilege and this belief underpins our innovation and commitment to enabling African individuals and businesses to access all the benefits of having verifiable identities. This investment validates our vision and empowers us to expand our reach and innovate further. We are thankful for the support from Alitheia IF and their commitment to our mission, and we are excited to lead the charge in shaping a digitally inclusive Africa.”
With Digital ID and verification systems crucial to unlocking significant economic value across Africa’s growing and increasingly digital societies, Seamfix has been at the forefront of delivering end-to-end digital ID and credentials solutions for connecting businesses and individuals to disparate identity databases in Africa and around the world.
In Nigeria, the company provides identity creation, verification, and transaction accreditation solutions for large organizations and government agencies. It has delivered a wide range of solutions for organizations such as Veremark, Nigeria’s National Identity Management Commission [NIMC], telcos (MTN, Glo, Airtel, and 9 Mobile), financial institutions (United Bank for Africa, Interswitch and Union Bank) and more, enabling them and their customers globally to seamlessly create, verify and access trusted digital identities and services.
Currently, Seamfix works with major telcos across Africa, on their SIM registration, verification, and linkage to national identities. Thousands of fintechs and SMEs rely on Seamfix’s verification APls for KYC checks during customer onboarding and employee background checks.
It powers them to issue instantly verifiable credentials and reduces the process of certifying credentials such as student transcripts and other official documents from over six months to a few days. With its roots in Africa, Seamfix is passionate about connecting Africans to the rest of the world, eliminating a lot of digital, financial, social, and economic exclusion in Africa, to enable them to have equal access to opportunities both online and offline.
