Smile Identity Secures 7 Million In Series A Funding To Expand Its Online Identity Verification Service For Africans
Costanoa Ventures co-led the investment with pan-African venture firm CRE Venture Capital. Other investors that took part in the funding include Intercept Ventures, Future Africa, Local Globe and undisclosed angel investors. This is Smile Identity’s second major fundraising since it launched 4 years ago in 2017.The first funding was for the sum of $4 million and was raised in 2019. Founded by Mike Straub and William Bres,Smile Identity provides provides an ID verification and KYC compliance infrastructure for companies in different fields including fintech, banking ride-hailing and cryptocurrency....