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ODV Africa leads $1.5m seed investment round in Nigerian startup Youverify

Orange Digital Ventures, ODV Africa has announced its latest investment on the African continent by leading the $1.5m seed investment round in Youverify.

The start-up, founded in Lagos, Nigeria automates identity and background verification processes, primarily serving financial and telecommunication service providers.

Youverify is the fifth company to join the portfolio of Orange group’s African investment initiative.

Financial and mobile payment services continue to accelerate their development on the continent with verification tasks remaining complex and manual for the major players like fintech and large corporate and the rise of RegTech companies, such as Youverify is key for the market in order to speed up and simplify these tasks.

Read more from source article: https://techeconomy.ng/2020/03/odv-africa-leads-1-5m-seed-investment-round-in-nigerian-startup-youverify/

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