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Nigeria’s identity verification startup, Youverify takes expansion drive into Kenya

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Nigeria’s identity verification regtech startup, Youverify has taken its African expansion drive into Kenya after successfully launching its operations in Ghana, South Africa, Côte d’Ivoire and Uganda.

The move into the Kenyan market with its full-cycle global compliance products, is coming after the startup raised $1 million in seed extension funding in August last year to take the total size of its round to $2.5 million.

Co-founder and CEO of Youverify, Gbenga Odegbami, who spoke at the launch of the platform in Nairobi, said having its products in Kenya was a long-held dream for him and his partners.

“Expanding our products and solutions to Kenya is a strategic move that has always been in the works. Having thoroughly studied the compliance landscape in Kenya, we believe the market is ripe for our superior technology.’’

‘’Expanding our product offerings to Kenya aligns perfectly with our vision to drive financial innovation on a global scale.

“As we bring our cutting-edge technology and expertise to the Kenyan market, we aim to revolutionize the way businesses approach compliance,” he said.

Founded in Nigeria in 2018, Youverify provides API for address and identity verification to several financial institutions in the country, as well as countries where it has its branches.

“Over the years, the company has added more Know Your Customer (KYC), Know Your Business (KYB), Know Your Transaction (KYT), Know Your Employee (KYE), Adverse Media Screening and Risk Intelligence Solution solutions to its offering,” Odegbami said.

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Institute calls for responsible social media usage among youths

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Smart Zambia Institute has reiterated the importance of youths to use social media responsibly.

Senior Business Applications Officer at the e-Government Division, Kamuvwi Lungu, emphasized the existence of strict measures on government communication platforms aimed at prohibiting users from posting profanity or engaging in abusive behaviour.

This information was conveyed in a post reflecting on the digital transformation discussion held on the Smart Zambia official Facebook page on Tuesday.

“These security measures are crucial for identifying and regulating individuals who violate these guidelines,” Smart Zambia stated.

The institute said the primary purpose of such policies was to maintain a respectful and constructive online environment while promoting responsible online behaviour among users.

“It served as a reminder of the importance of creating a safe and respectful online space while harnessing the benefits of social media for personal and professional growth,” it added.

The institute described social media as a powerful tool for communication and networking adding that it is a platform that requires careful monitoring and regulation to ensure a positive user experience.

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UN signs MoU with Kenya’s Konza Technopolis

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The United Nations has signed a Memorandum of Understanding (MoU) with Kenya’s Konza Technopolis that will provide a wide range of interrelationships with the various UN agencies domiciled in Nairobi.

Konza CEO, John Paul Okwiri, who disclosed this in a statement on Monday, said the MoU would see Konza Technopolis working together with UN-Habitat, the World Food Programme, United Nations Educational, Scientific
and Cultural Organization (UNESCO), United Nations Development Programme (UNDP), among other UN agencies.

“This MOU provides us with a collaborative platform whereby we bring our strengths and unite for a common good,” Okwiri said.

“The MoU will see Konza Technopolis partner with UN-Habitat and allow city-to-city benchmarking and learning exchanges, strengthening smart city growth including research and data sharing, implement local climate action initiatives including greening initiatives, promotion of non-motorised transport and formulation of smart city frameworks,” he added.

Also speaking on the partnership, Dr. Stephen Jackson, the Resident Coordinator for UN Kenya, said:

“Our MoU will support to explore points of synergies, and strategic partnerships in supporting Kenya and Konza Technopolis as part of Vision
2030 and UN Agenda 2030.”

Konza Technopolis, also known as the Silicon Savannah, is envisaged to be a smart city that will provide work and living space.

“The smart city spatial planning has taken into account provision of clustered industries, educational facilities, recreational parks, green spaces. It has one of the most modern waste recycling and water treatment plants,” Okwiri stated.

“The other areas of cooperation is with the UNDP whereby more than 20 innovators have received technical and financial support to achieve
commercialization and market entry, strategic partnership in the implementation of joint programs based on the Kenya Innovation Ecosystem Mapping.

“We have established the Konza Innovation Ecosystem Initiative (KIEI), which supports the creation of new enterprises, training of young innovators, and commercialization of research findings.

“To date the KIEI has supported over 100 startups and innovators, providing them with mentorship, funding, and access to market.

“We have established partnerships with over 50 institutions, such a UNDP, universities, research centers, and industry associations, to foster knowledge transfer and innovation.

“It has also facilitated the development and commercialization of over 30 innovative products and solutions, such as smart irrigation systems, e-health platforms, and
blockchain applications.

“The cooperation with UNESCO involves a tripartite Agreement together with the Chinese Association of Natural Science Museum (CANSM) which will see the development and management of Konza Natural Science Museum, resource mobilization for the development of the museum and technical advice support and capacity building and professional development programs,” he added.

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