Nigerian regulatory technology YouVerify which focuses on building full-cycle global compliance products for businesses has launched operations in Kenya.
YouVerify’s entry into Kenya is part of an elaborate expansion spree where the firm eyes setting foot in among other countries Tanzania, Uganda, Rwanda, Zambia, and Egypt.
By The Numbers
The company which was founded in 2018, has raised $1 million in seed extension funding in August last year bringing the total size of its round to $2.5 million after it raised a $1.5 million round in 2020.
What They’re Saying
“Expanding our products and solutions to Kenya is a strategic move that has always been in the works. Having thoroughly studied the compliance landscape in Kenya, we believe the market is ripe for our superior technology,” said YouVerify CEO Gbenga Odegbami during the launch.
“Expanding our product offerings to Kenya aligns perfectly with our vision to drive financial innovation on a global scale. As we bring our cutting-edge technology and expertise to the Kenyan market, we aim to revolutionize the way businesses approach compliance.”
Source: Business Daily Africa