Nigeria’s Youverify receives $2.5M in funding for biometrics, AML

Youverify, a biometrics and AI-powered AML and KYC service provider based in Lagos and San Francisco, has received a $2.5 million pre-Series A investment from Elm, a digital security firm owned by the investment arm of Saudi Arabia’s Ministry of Finance.

A press release says the money will help strengthen Youverify's mission to expand its Africa-focused AML compliance operations globally. Launched in Nigeria in 2018 and currently serving customers in 12 countries, Youverify hopes to add new markets …

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