Youverify, a Lagos and San Francisco-based identity verification company helping African banks and startups automate Know Your Customer (KYC), Anti Money Laundering (AML) and other compliance procedures, today announced a special program for African startups “The YV startup program”
The YV startup program is a six-month support program aimed at helping high-growth startups from across Africa leverage the superior technology of youverify to build and scale at no cost.
Selected startups will get up to $2,000 worth of YVOS credits in support, this credit will allow them access to super-fast technology, with which they can perform KYC, Anti-money laundering, Address verifications and other customers due diligence processes.
Other benefits of getting into the program include access to mentorship opportunities, spotlighting and network opportunities, special interviews and features, community-based growth sessions, and many more.
Application into the program is on a rolling basis, and only startups who meet the requirement will be selected for the program.
Speaking on the inspiration behind the program, Hakeem O. Akiode, Head of Growth and Marketing at Youverify said:
“Customer due diligence and compliance is a huge process and can sometimes be overwhelming for smaller startups. This has made lots of startups, especially in the financial services sector, undermine the KYC and Customer Due Diligence (CDD) process. As a way to lessen their burdens and support them on the journey to scale, we created this program to give support to every willing startup in Africa.”
This is in line with our vision of an Africa, where every African and African business can build economic relationships. We hope this program and support credits will be a major step in achieving this goal, empowering other businesses to do their due diligence and fostering economic trust.
Youverify’s technology helps startups, fintech companies and large financial institutions automate compliance decisions, onboard customers and fight identity fraud with data. Founded in 2018, Youverify is the leading identity verification company in Nigeria with nearly two-thirds of commercial banks using its identity verification and KYC products.
Youverify counts among its customers, large banks such as Standard Chartered, Standard Bank, and Fidelity Bank, as well as ride-hailing company, Bolt.
Get the best of Africa’s daily tech to your inbox – first thing every morning.
Join the community now!