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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.
Nigerian payment service provider Nomba has raised a $30 million Pre-Series B funding round to enable businesses to easily and securely receive customer payments across Africa.
South African private equity firm Sanari Capital has announced a significant R87.5 million (approximately $5 million) investment in Energenic Holdings, a leading provider of energy generation products and solutions operating in over 32 African countries.
Nairobi-based logistics technology company Leta has secured $5 million in seed funding to enhance its artificial intelligence (AI)-powered platform.