About Torche
Torche is a company based in Lagos (Nigeria) founded in 2021 by Gbenga Oni. Torche has raised $20 thousand across 1 funding round from investors including Techstars. Torche operates in a competitive market with competitors including ComplyAdvantage, Riskified, Entrust, Signifyd and Yoti, among others.
- Headquarter Lagos, Nigeria
- Founders Gbenga Oni
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Sectors
TechnologyIndustrial Goods & Manufacturing Financial Services
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Phone
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Website
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$20 K (USD)
in 1 rounds
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Latest Funding Round
$20 K (USD), Seed
Apr 11, 2022
- Investors
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Employee Count
Not available
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Funding Insights of Torche
Torche has successfully raised a total of $20K through 1 strategic funding round. The most recent funding activity was a Seed round of $20 thousand completed in April 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Torche
Torche has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Techstars.
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Startups are accelerated globally without sector restrictions through structured programs.
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Investor details for Torche
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Investments & Acquisitions by Torche
Investment portfolio details for Torche
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Financial Statements - Torche
Detailed financials for Torche
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Torche Comparisons
Peer comparison for Torche
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Competitors of Torche
Torche operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ComplyAdvantage, Riskified, Entrust, Signifyd and Yoti, among others.
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Cloud-based anti-money laundering solutions are provided for compliance.
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AI-based fraud prevention for e-commerce payments is provided.
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Provider of digital identity management solutions
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Provider of fraud prevention and payment validation for online retailers
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Identity verification solutions are provided for multiple industries digitally.
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Cloud-based fraud prevention solutions are provided for businesses.
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Detailed competitors of Torche
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Latest news on Torche
Complete news archive for Torche
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Frequently Asked Questions about Torche
Torche was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Torche is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Torche is a funded company, having raised a total of $20K across 1 funding round to date.
Torche was founded in 2021 in Lagos, Nigeria, focusing on biometric authentication within the payments sector. Fingerprint-based solutions are offered to enable secure transactions at POS terminals. Customers phone numbers are entered, followed by fingerprint verification, to authorize payments. Operations center on integrating these systems for retail and financial services across Africa, with the domain torche.africa supporting online access. Leadership includes co-founder Gbenga Oni.
Torche's top competitors include ComplyAdvantage, Riskified and Yoti.
Torche has 1 investor. Key investors include Techstars.