Prembly
The security and identity verification rail for emerging market digital economies
What it does
Founded in 2021 by Lanre Ogungbe and Niyi Adegboye, Identitypass provides KYC, KYB, and identity verification API infrastructure for businesses across Africa. After graduating from Y Combinator (W22) and raising $2.8M in seed funding, the startup expanded its product suite and launched Prembly as its parent umbrella brand in 2022.
KYC / KYB / identity verificationAML / transaction monitoringeKYC & biometricsIdentity infrastructure
Known for
- Identitypass KYC API
- African digital identity verification
- Prembly brand rebranding
Model & industry
Compliance / KYC-as-a-ServiceAPI-as-a-ProductIdentity-as-a-ServiceAll / Cross-industry
Funding history
$6.0M
Total raised
3
Rounds
Seed
Latest stage
2022
Latest year
| Date | Stage | Amount | Lead investor |
|---|---|---|---|
| 2022-05 | Seed | $2.8M | MaC Venture Capital |
| 2022-05 | Seed | $2.8M | MaC Venture Capital |
| 2021-11 | Pre-Seed | $360K | — |
Source: Condia Funding Tracker
Products & subsidiaries
Identitypass · Verification APIIdentity Radar · Fraud Detection
Acquisitions
- Tunnel (2023). Acquired data infrastructure startup Tunnel.
In the News
- 2022-05-11 · Identitypass, an identity verification API for Africa, raises $2.8M seed funding · TechCrunch