Smile Identity, the leading identity verification platform in Africa, has raised $20 million in its Series B funding round. The funding was led by Costanoa and Norrsken22, with participation from other investors, bringing the total amount of funding raised to $31 million. Smile Identity will use the funds to expand its product and engineering team, accelerate the development of AI-powered biometrics and document verification solutions for African markets, and expand into French and Arabic-speaking markets. The company has completed 50 million KYC checks for hundreds of partners across the African continent since its Series A funding round and offers global coverage with its document verification product. Smile Identity is helping businesses and organizations verify the true identity of their customers and mitigate fraud while ensuring compliance with KYC requirements.
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