About Youverify
Youverify is a company based in Lagos (Nigeria) founded in 2017 by Gbenga Odegbami. It operates as a SaaS (Software-as-a-Service), and FinTech. Youverify has raised $5 million across 5 funding rounds from investors including Elm, Plug and Play Tech Center and Orange Ventures. Youverify offers products and services including Know Your Customer (KYC), Know Your Business (KYB), Know Your Employee (KYE), Know Your Transaction (KYT), and Risk Intelligence Solution.
- Headquarter Lagos, Nigeria
- Founders Gbenga Odegbami
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Sectors
Business Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Youverify
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5 M (USD)
in 5 rounds
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Latest Funding Round
$2.5 M (USD), Seed
Mar 14, 2024
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Investors
Elm
& 12 more
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Employee Count
Employee Count
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Products & Services of Youverify
Youverify offers a comprehensive portfolio of products and services, including Know Your Customer (KYC), Know Your Business (KYB), Know Your Employee (KYE), Know Your Transaction (KYT), and Risk Intelligence Solution. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Customer identity is verified quickly for compliance needs.
Business threats are identified early through robust screening.
Employee onboarding is streamlined with address verification tools.
Transactions are monitored in real-time to prevent fraud.
Customer risks are monitored using AI-powered intelligence tools.
Unlock access to complete
Funding Insights of Youverify
Youverify has successfully raised a total of $5M across 5 strategic funding rounds. The most recent funding activity was a Seed round of $2.5 million completed in March 2024. 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.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Seed — $2.5M
- First Round First Round
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2024 | Amount | Seed - Youverify | Valuation |
investors |
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| Aug, 2022 | Amount | Seed - Youverify | Valuation | Orange Ventures , LoftyInc Capital Management | |
| Nov, 2020 | Amount | Seed - Youverify | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Youverify
Youverify has secured backing from 13 investors, including institutional and venture fund investors. Prominent investors backing the company include Elm, Plug and Play Tech Center and Orange Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investments are directed toward startups and early-stage companies.
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Founded Year | Domain | Location | |
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Early-stage technology investments are made across African markets.
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Founded Year | Domain | Location | |
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Startups are accelerated and invested in across multiple tech sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Youverify
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Youverify
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Youverify Comparisons
Competitors of Youverify
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Youverify
When was Youverify founded?
Youverify was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Youverify located?
Youverify is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Who is the current CEO of Youverify?
Gbenga Odegbami is the current CEO of Youverify. They have also founded this company.
Is Youverify a funded company?
Youverify is a funded company, having raised a total of $5M across 5 funding rounds to date.
What does Youverify do?
Compliance automation and risk management solutions are offered by Youverify to businesses globally. Services including Know Your Customer (KYC), Know Your Business (KYB), Know Your Employee (KYE), and Know Your Transaction (KYT) are delivered through AI-powered tools. Sectors such as fintech, banking, crypto, and gaming are served with tailored solutions. Fraud prevention, customer onboarding, and regulatory compliance are facilitated across various markets. Global coverage is ensured with operations spanning Europe, America, Middle East, Sub-Saharan Africa, and the UK.
What products or services does Youverify offer?
Youverify offers Know Your Customer (KYC), Know Your Business (KYB), Know Your Employee (KYE), Know Your Transaction (KYT), and Risk Intelligence Solution.
Who are Youverify's investors?
Youverify has 13 investors. Key investors include Elm, Plug and Play Tech Center, Orange Ventures, LoftyInc Capital Management, and Octerra Capital.