Smile Identity lands $20M Series B for pan-African expansion Africa's leading KYC onboarding and identity verification platform, Smile Identity has secured a $20 million Series B to grow its team and expand its offering across Africa.
National IDs are important for KYC, but frequent downtimes hinder their reliability, reports Smile Identity In 2022, National ID databases in Africa experienced an average daily downtime of 6%, according to Smile Identity's KYC report. This frequent downtime hinders their reliability as a sole verification step in onboarding customers on the continent.
