Financial and mobile payment services continue to accelerate their development on the continent. Verification tasks remain complex and manual for major players, fintech and large corporates and the rise of RegTech companies, such as Youverify, is key for the market in order to speed up and simplify these tasks. 

Co-founded by Gbenga Odegbami, the company’s CEO, Youverify aims to help companies automate the verification processes of different types of data treated seperately today, such as identity, academic background, home address, credit history , facial recognition, for example. while respecting the highest standards of regulation and data protection.
“This constitutes a unique opportunity for us to take further our ambition to simplify and secure our client’s internal processes, whether in the recruitment of staff,  customer onboarding etc. Our ambition is to be the leading African player in verifying people and companies’ identities by making data protection and security the core of our proposal. " says Gbenga Odegbami.

The $1.5 million investment round will help Youverify improve its technology and accelerate business development in Nigeria and the continent.

“Matters of security and access to financial or telecommunications services should never be at odds with each other. Telecom operators like Orange are at the forefront of these transformational challenges. We are proud to support Youverify, which intends to resolve this triple objective of fostering  financial inclusion, strengthening security and preserving user rights over their data," said Grégoire de Padirac, Investment Manager at ODV.
Since its launch in Lagos in 2018, Youverify has already performed more than 300,000 customer registrations and verifications for some of Nigeria's largest banks and financial companies.

About Orange Digital Ventures

Orange Digital Ventures is a 150 million euros early-stage tech fund which invests globally. It finances disruptive start-ups in the fields of connectivity & networks, enterprise SaaS (cloud, AI, big data, cybersecurity…), Fintech and Internet of Things. Backed by the Orange group, the fund provides “smart money” by facilitating synergies with its various business units and its 263 million customers in 29 countries.
For more information, meet us on digitalventures.orange.com or follow us on Twitter @Orange_DV.

À propos
 d’Orange

Orange est l’un des principaux opérateurs de télécommunication dans le monde, avec un chiffre d’affaires de 42 milliards d’euros en 2019 et 143 000 salariés au 30 juin 2020, dont 84 000 en France. Le Groupe servait 253 millions de clients au 30 juin 2020, dont 208 millions de clients mobile, 21 millions de clients haut débit fixe. Le Groupe est présent dans 26 pays. Orange est également l’un des leaders mondiaux des services de télécommunication aux entreprises multinationales sous la marque Orange Business Services. En décembre 2019, le Groupe a présenté son nouveau plan stratégique « Engage 2025 » qui, guidé par l’exemplarité sociale et environnementale, a pour but de réinventer son métier d’opérateur. Tout en accélérant sur les territoires et domaines porteurs de croissance et en plaçant la data et l’IA au cœur de son modèle d’innovation, le Groupe entend être un employeur attractif et responsable, adapté aux métiers émergents.

Orange est coté sur Euronext Paris (symbole ORA) et sur le New York Stock Exchange (symbole ORAN).

Pour plus d'informations (sur le web et votre mobile) : www.orange.com, www.orange-business.com ou pour nous suivre sur Twitter : @presseorange et @orange.

Orange et tout autre produit ou service d'Orange cités dans ce communiqué sont des marques détenues par Orange ou Orange Brand Services Limited.