Seamfix, a Nigerian business providing digital identity solutions, has raised $4.5 million to expand its digital ID and credential services.
The Alitheia IDF, a gender lens investing fund, secured the private equity capital round.
According to a press statement by the company, the funding will also allow Seamfix to scale the technology infrastructure that underpins its solutions, improve data flow, which is critical for continental trade and integration, and launch the expansion of its digital ID and credential services into five new African markets.
Seamfix began in Nigeria and provides identity creation, verification, and transaction certification solutions to large enterprises and government bodies in several African countries.
The company stated that the new capital is its first institutional investment, allowing it to expand its services to Ghana, Kenya, South Africa, Ethiopia, and Uganda.
Seamfix stated that the financing will allow it to add additional members from the investors. According to the release, Tokunboh Ishmael, Co-founder and Principal Partner of Alitheia Capital, has joined the board of Seamfix.
Frank Atube, a transformative change leader with a decade of experience managing strategic initiatives across multiple sectors, has joined the Seamfix board.
Chimezie Emewulu, Seamfix’s Group CEO and co-founder commented on the funding: “We are delighted to announce this new funding, which represents a significant step forward in our path to shaping the future of digital ID verification in Africa and connecting Africa to the rest of the world.
Digital identification is a right, not a privilege, and this idea drives our creativity and commitment to enable African individuals and businesses to reap the full benefits of possessing verifiable identities.
He further remarked that the investment validates the firm’s idea and gives it the opportunity for expansion and new innovations.
He expressed gratitude for Alitheia IDF’s support and commitment to the firm’s cause and stressed that the firm is delighted to lead the charge in creating a technologically accessible Africa.
Tokunboh Ishmael, Principal Partner at Alitheia IDF, also commented that with the investment, Alitheia IDF is partnering with Seamfix to expand its work in enabling millions of women to participate in the African economy and reach their full potential by providing critical identification services and empowering businesses across the continent to scale.
Seamfix operates in the expanding digital identification industry, which includes VerifyMe, YouVerify, Identity Pass, and Smile ID, among others.
