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Kenyan identity management startup Peleza and Y Combinator-backed Prembly have joined forces to create a new entity, the Prembly Group.
The merger brings together Peleza’s expertise in background checks, particularly valuable due to its established partnerships with East African mobility giants Uber and Bolt and logistics leader FedEx, with Prembly’s focus on identity verification, security, and compliance solutions.
This collaboration isn’t entirely new as Peleza has been leveraging Prembly’s infrastructure for the past year and a half.
According to Peleza’s founder, Marita Mutemi, the merger formalizes this partnership, which aims to expand service offerings across various markets with a specific focus on global reach.
“This merger is a natural extension of our existing collaboration,” Mutemi said. “It allows us to provide a wider range of services to customers across different markets, including internationally.”
Prembly’s co-founder and CEO, Lanre Ogungbe, echoed this sentiment, highlighting the combined entity’s potential for leadership in the Pan-African identity management space.
Following the merger, Ogungbe will assume the CEO role of the Prembly Group. Mutemi will become the Group’s CFO and concurrently serve as the CEO of Prembly East Africa.
Alterra Capital Partners, a private equity firm founded in 2020 by former Carlyle Group employees, has raised $140 million in the first closing of a $500 million fund focused on investments in Africa.
Sahel Capital, an investment company with a focus on agriculture and food sectors in sub-Saharan Africa, has finalized a $1 million loan agreement with Camino Ruiz, a Kenyan company that specializes in fish processing and distribution.
Early-stage venture capital firm Launch Africa Ventures has launched its Mezzanine Impact Fund, a new initiative aimed at providing growth capital to technology companies in Africa and the Gulf Cooperation Council (GCC) region.