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Nigeria’s digital security startup Prembly announces merger with Kenya’s Peleza

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Nigeria’s digital security startup, Prembly Group, has announced a strategic merger with Kenya’s security firm, Peleza, with the aim of creating a combined entity and a robust data infrastructure and compliance solutions company that will serve emerging markets in Africa.

While Prembly which was founded in 2021 has quickly become a key player in the digital security and infrastructure space, serving enterprises and global companies, Peleza is one of East Africa’s most prominent background checks and KYB companies, and the merger will help the firms expand into emerging markets and position the continent as the next hub for growth.

Lanre Ogungbe, founder and CEO of Prembly, who made the announcement in a statement, said Peleza has developed AI-powered solutions that offer KYC, KYB, and background checks “Solutions for Instant” and seamless Identity verification, background checks, and business onboarding to the entire client lifecycle and user-based management.

Ogungbe added that the merger of the two companies will make the new combined entity the “most robust data infrastructure and compliance solutions company serving emerging markets.”

“The merger with Peleza deepens our industry knowledge and elevates our strengths and technologies, empowering us to exceed our clients’ expectations worldwide,” Ogungbe said.

“Operating under a unified brand as Prembly Group, this strategic alliance will leverage synergies to enhance service delivery across multiple sectors, including finance, telecommunications, e-commerce, and more.

“Customers can expect enhanced capabilities in identity verification, background checks, risk management, and regulatory compliance solutions tailored to meet businesses’ evolving needs,” he stated.

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d.light closes $176 securitized financing for off-grid solar in Kenya, Tanzania, Uganda

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Global provider of household products and affordable finance for low-income households, d.light, has announced closing $176 million in securitized financing for off-grid solar in Kenya, Tanzania and Uganda.

According to the CEO of the firm, Nedjip Tozun, the new financing was provided by social impact-focused asset management company, African Frontier Capital.

Tozun, in a statement, said the will use the facility “to scale up its PayGo consumer finance offering to make solar-powered products available to more low-income households and communities without access to electricity.”

He stated that the facility is multi-currency and will enable access to reliable, renewable energy for an estimated six million people across the three countries over the next three years.

“With this new facility, d.light has now closed securitized financing with a total combined purchasing value of USD$718 million across five separate facilities since 2020,” the CEO said.

“This new facility is another landmark step in d.light’s mission to provide people with affordable energy that is also clean, safe and sustainable.

“It lets us expand our reach so that millions of off-grid families across Kenya, Tanzania and Uganda can experience the benefits of solar energy.

“Facilities like this make possible our pioneering PayGo consumer financing model with which we are able to offer solar home systems and high efficiency appliances to the people that need them most in a way that is affordable and sustainable.”

“With this new facility, d.light has for the first time in its history receivables-based financing facilities in each of our PayGo markets – Kenya, Uganda, Tanzania, and Nigeria.

“These facilities allow d.light to remain consistently cash flow positive and remove the requirement for further external equity fundraising to fund our growth.”

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Liquid C2 launches Cloudmania in Egypt

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Liquid C2, a subsidiary of Liquid Intelligent Technologies, has expanded its Cloudmania business into the Egyptian channel partner ecosystem.

The firm, which made the announcement on Monday, said the Cloudmania platform was Liquid C2’ distribution business unit for cloud and cyber security solutions with operations in 35 countries across the Middle East and Africa.

“Cloudmania’s strategic partnership with Microsoft has allowed it to equip numerous partners with cloud and cyber security services and solutions, including Microsoft 365 and Azure solutions, within a fully supported ecosystem,” the statement issued by Sherif Shaltout, Vice President, Operations at Liquid C2, said.

“Extending Cloudmania’s reach to Egypt reflects our confidence in the Egyptian economy following the launch of Liquid C2 in Egypt a year ago.

“We see Egypt as the anchor country of our expansion into the Middle East and North Africa and we look forward to playing our role in realizing the government’s Egypt Vision 2030 strategy, supported by its ‘Digital Egypt’ initiative. ” said

”Partnering with local businesses will help in developing digital infrastructure, promoting digital skills development, creating opportunities for entrepreneurship and economic growth, all while tapping into Egypt’s wealth of local tech talent,” Sherif added.

Vinay Hiralall, the Chief Commercial Officer at Liquid C2 who addressed a press conference, said Cloudmania’s growth over the last year from 100 partners to over 750 demonstrates how their value proposition resonates with channel partners across these regions.

”Being named the Microsoft Partner of the Year in Ethiopia and Côte d’Ivoire in 2022 and 2023 respectively, reflects our commitment to delivering solutions that propel cloud adoption and partner growth, accelerating digital transformation for businesses in Africa.

“Resellers that partner with Cloudmania will receive access to a suite of market-leading solutions tailored to suit their customers’ needs.

“Cloudmania aims to help channel partners better manage their business by creating a single-pane view via an always-on platform that assists with billing and subscription management services.

“In addition to providing partners with programmes that drive sales enablement, they also have access to Cloudmania’s marketing and technical support.

“Cloudmania alleviates the backend operations, enabling partners to focus on their core business.”

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