NIGERIA – Seamfix, a software development company that deals with identity solutions, has secured US$4.5 million from Alitheia IDF in a private equity funding round to expand its services to Ghana, Kenya, South Africa, Ethiopia, and Uganda.
The funding will scale the technology infrastructure that underpins Seamfix solutions, improve data flow crucial for continental trade and integration, and kickstart the expansion of its digital ID and credential services into five new African countries.
Seamfix provides identity creation, verification, and transaction accreditation solutions for large organizations and government agencies across multiple African countries.
The new funding represents Seamfix’s first institutional investment. Digital ID and verification systems are crucial to unlocking significant economic value across Africa’s growing and increasingly digital societies.
From financial participation and efficiency in government services to public health and job creation, digital ID and verification systems are a fundamental driver of economic growth on the continent.
A recent report suggested that African countries implementing effective digital ID systems can boost their GDP by up to 13 percent.
Since Chibuzor Onwurah and Chiimezie Emewulu founded the company, Seamfix has been at the forefront of delivering end-to-end digital ID and credentials solutions for connecting businesses and individuals to disparate identity databases in Africa and worldwide.
The company has delivered a wide range of solutions for organizations such as Veremark, Nigeria’s National Identity Management Commission [NIMC], telcos (MTN, Glo, Airtel, and 9 Mobile), financial institutions (United Bank for Africa, Interswitch, and Union Bank) and more, enabling them and their customers globally to seamlessly create, verify and access trusted digital identities and services.
Seamfix’s key achievements include the successful development of a digital solution enabling widespread access to National Identification Numbers (NINs) for more than 100 million Nigerians.
Seamfix also supported Nigerian telecommunications services providers in registering and verifying a database of over 200 million Subscriber Identification Modules (SIMs) to comply with Nigerian Communications Commission regulations.
Seamfix works with significant African telcos (Nigeria, Côte D’Ivoire, Liberia, Sudan, Guinea-Bissau, and more) on their SIM registration, verification, and linkage to national identities.
Thousands of fintechs and SMEs rely on Seamfix’s verification APIs for KYC checks during customer onboarding and employee background checks.
Seamfix will also welcome two new board members: Tokunboh Ishmael and Frank Atube. Tokunboh is the Co-founder and Principal Partner of Alitheia Capital and a global voice for wealth creation and transformational impact.
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