The Empower Africa Business Platform is Now Live !!!
Nigerian digital identity solutions provider Seamfix has secured $4.5 million in funding to fuel its expansion into five new African countries.
This marks the company’s first institutional investment and will be used to improve its technology infrastructure, enhance data flow for continental integration, and launch digital ID services in Ghana, Kenya, South Africa, Ethiopia, and Uganda.
Seamfix, founded by Chimezie Emewulu and Chibuzor Onwurah, offers identity management, data capture, and process automation solutions for large organizations and government agencies globally.
The company has a proven track record, having delivered solutions for clients like Nigeria’s National Identity Management Commission (NIMC), MTN, Glo, Airtel, and various banks, enabling seamless digital identity creation, verification, and access for users.
This funding round was led by Alitheia IDF, a $100 million gender-focused investment fund supporting businesses with diverse leadership teams.
“We are excited about this investment, a major step forward in shaping Africa’s digital ID verification landscape and connecting the continent to the global sphere,” said Emewulu.
“We believe digital identity is a fundamental right, and this drives our innovation to empower individuals and businesses across Africa to unlock the benefits of verifiable identities.”
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
The KawiSafi Fund is set to receive a significant boost of $10 million from the African Development Bank Group (AfDB) to support climate-focused businesses in Africa.
Early-stage VC firm Launch Africa Ventures has invested a total of US$4.3 million in 16 startups in Africa as part of its second fund.
Ecobank, a pan-African financial services group, has named Daba Finance, an Ivorian fintech company, as the Grand Winner of the 2024 Ecobank Fintech Challenge.