Smile ID (formerly Smile Identity) is a technology company that focuses on providing efficient and secure identity verification, user onboarding, and real-time digital KYC solutions in Africa. Established in 2017 and headquartered in the United States, the company's platform offers a range of tools and software designed to simplify online identity verification for millions of Africans. This includes SDKs and APIs for user onboarding, digital KYC, identity verification, document verification, face verification, anti-fraud, and ID validation for mobile applications and web platforms. Notably, Smile ID's identity verification and artificial intelligence tools are tailored for African faces and identities. In February 13, 2023, Smile ID secured a significant $20.00M Series B investment from a consortium of investors including Courtside Ventures, ValueStream Ventures, Costanoa Ventures, Commerce Ventures, Intercept Ventures, Future Africa, Norrsken22, Two Culture Capital, Latitude, and 500 Fintech. This backing solidifies the company's position in the market and propels its mission to enhance access to a modern digital lifestyle by fostering trust in underserved markets. Smile ID's dedication to its vision is further emphasized through its industry focus on Analytics, Big Data, Financial Services, Information Technology, and SaaS. In addition to its core offerings, Smile ID also provides an insightful newsletter, Identity Illustrated, aimed at empowering African business leaders with a better understanding of the continent's intricate ID, regulatory, and fraud landscape. With the support of notable investors and a strong foothold in the African market, Smile ID is well-positioned to further expand its impact and advance the accessibility of digital identity verification solutions across the continent.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Series B | $20.00M | 10 | 500 Fintech | 13 Feb 2023 |
Series A | $7.00M | 10 | LocalGlobe, Everywhere Ventures (The Fund) | 08 Jul 2021 |
Series A | Unknown | 1 | 05 Nov 2020 | |
Seed Round | Unknown | 1 | valU | 19 Dec 2019 |
Seed Round | $4.00M | 6 | 09 Apr 2019 |
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