• About
  • Contact
Friday, September 5, 2025
  • Login
No Result
View All Result
NEWSLETTER
Now Then Digital
21 °c
Falkenstein
18 ° Thu
20 ° Fri
26 ° Sat
20 ° Sun
  • HOME
  • NEWS
  • POLITICS
  • BUSINESS
  • TECH
  • ENTERTAINMENT
  • LIFESTYLE
  • TIPS & ADVICE
  • HOME
  • NEWS
  • POLITICS
  • BUSINESS
  • TECH
  • ENTERTAINMENT
  • LIFESTYLE
  • TIPS & ADVICE
No Result
View All Result
Now Then Digital
No Result
View All Result
ADVERTISEMENT
Home Business

IIDENTIFII Raises USD 15 Million in Growth Capital for African Cyber Security

iiDENTIFii, the innovative biometrics company, has raised $15 million in growth capital. It plans to use the funds to expand across Africa.

Now Then Digital by Now Then Digital
September 28, 2022
in Business, News, South Africa
Reading Time: 5 mins read
1 0
A A
0
biometrics firm iiDENTIFii raises USD 15 million in funding

IIDENTIFFII raises USD 15 million in growth capital in a win for African Cybersecurity. FILE PHOTO

1
SHARES
10
VIEWS
Share on FacebookShare on Twitter

A USD 15 million growth capital investment has been raised by iiDENTIFii, an innovative biometrics technology company. This investment will be used to continue the company’s expansion throughout Africa.

CAPE TOWN, SOUTH AFRICA | NOW THEN DIGITAL — iiDENTIFii, an innovative biometrics tech company, has raised USD 15 million in growth capital. The round was led by African investment company Arise whose cornerstone investors include Rabobank Partnerships, Norfund, NorFinance and FMO. This is, to date, the largest African Series A in the identity verification space.

  • iiDENTIFii, the innovative biometrics tech firm, has raised USD 15 million in growth capital. iiDENTIFii will use this investment to fund its expansion across Africa. 
  • Cybercrime within the financial sector is a growing threat to the continent. The consequences of attackers exploiting security vulnerabilities are particularly severe for financial services and banking apps that process sensitive financial information. 
  • The use of iiDENTIFii’s biometric authentication to protect access to this sensitive financial information makes iiDENTIFii’s solution an integral part of financial inclusion, digital inclusion, and identity inclusion on the continent. 
iidentifii 15 million growth capital
Africa’s Cybersecurity Wins as IIDENTIFFII Raises USD 15 Million.

iiDENTIFii is a world leader in biometric authentication. Its advanced face authentication technology securely authenticates users via their cellphones or PCs within seconds. 

iiDENTIFii operates across several industry verticals and is used by the largest pan-African banks, insurers and mining houses for both customer and employee authentication. Its customers include Standard Bank, ABSA Bank, and Investec Bank. 

Investors in the round alongside Arise are growth-stage private equity firm Sanari Capital and veteran US tech entrepreneur Bill Spruill.

iiDENTIFii will use this investment to fund its expansion across Africa. Cybercrime within the financial sector is a growing threat to the continent. 

The consequences of attackers exploiting security vulnerabilities are particularly severe for financial services and banking apps that process sensitive financial information. 

The use of iiDENTIFii’s biometric authentication to protect access to this sensitive financial information makes iiDENTIFii’s solution an integral part of financial inclusion, digital inclusion, and identity inclusion on the continent. 

ADVERTISEMENT

“I’m incredibly proud of our engineering team and our growth as a company over the past three years,” says iiDENTIFii Founder and CEO, Gur Geva. 

“This investment validates our central business thesis that we are the preferred partner for enterprise-grade identity in Africa. We’re excited to put the investment to work as we close in on our goal of authenticating every face in Africa. With this new funding and the networks of Arise, Sanari, and Bill – we confidently continue our mission of stopping identity theft in Africa.” 

“In addition to complementing Arise’s portfolio of bank investments across Sub-Saharan Africa, this investment heralds our foray into the African fintech market,” says Arise CEO Gavin Tipper. 

“We are excited about our partnership with iiDENTIFii, which will allow us to offer their unique technology to banks in Sub-Saharan Africa, strengthening digital anti-money laundering practices and advancing financial inclusion.” 

“At Sanari, we place a strong emphasis on digital and human enablement to unlock business potential,” says Sihle Gumede of Sanari Capital. 

“iiDENTIFii is, therefore, a great addition to our investment portfolio and we look forward to being part of its ongoing growth journey. We are excited about co-creating a scalable and sustainable pan-African biometrics business.”

“As an entrepreneur and investor, I’ve had a significant amount of experience with transformative technology,” says Bill Spruill.

“The work being done by iiDENTIFii is particularly exciting and I am excited to see the impact it has on the African continent.”  

iiDENTIFii recently won KPMG’s Tech Innovator in Africa award and will compete for the global title, taking place in Lisbon, Portugal in November 2022. It has previously, amongst other awards, won MTN App of the Year and Microsoft Independent Software Vendor (ISV) Partner of the Year.

About iiDENTIFii 

iiDENTIFii is a world leader in biometric authentication. Its advanced face authentication technology safely authenticates users via their cell phones or PCs within seconds. 

iiDENTIFii operates across several industry verticals and is used by the largest pan-African banks, insurers and mining houses for both customer and employee authentication. 

Youmight also like

Zari shuts down paternity rumours after Diamond’s remarks.

‘They’re his’ – Zari Hassan on children with Diamond Platnumz

September 5, 2025
Bushenyi remembers ‘remarkable daughter’ Mary Karooro Okurut.

Mary Karooro Okurut: Uganda mourns former minister and author

August 13, 2025
South African exports face delays as Maersk reroutes US-bound cargo.

Maersk cuts direct US shipping route, deepening South Africa’s trade woes

August 6, 2025
African Women in Business unveils Association to Boost Intra‑African Trade.

CONWOBAA Launches to Boost Intra-African Trade

July 29, 2025

Editor’s Note: Our content may be inaccurate or out-of-date, so please contact us at press@nowthendigital.com if you see something that needs to be updated.

You’re reading nowthendigital.com — which breaks the news about Uganda, Kenya, Nigeria, South Africa and the rest of the world, day after day. Be sure to check out our homepage for all the latest news, and follow NOW THEN DIGITAL on YouTube, Google, Web Stories, Google News, Medium, Twitter, Reddit, Pinterest, Linktr, Buy Me a Coffee, and Flipboard to stay in the loop.

Source: Lifestyle Uganda
Tags: biometrics company iidentifiibiometrics player iidentifiibiometrics player iidentifii raisesiidentifii 15 million capitaliidentifii 15 million growth capitaliidentifii biometricsiidentifii biometrics 15 millioniidentifii raises recordiidentifii raises record million
ADVERTISEMENT
Now Then Digital

Now Then Digital

Now Then Digital offers breaking news and opinion articles, giving you a unique opportunity to see what goes on behind the scenes in Uganda, Kenya, Nigeria, South Africa and elsewhere.

Recommended For You

Zari shuts down paternity rumours after Diamond’s remarks.
Entertainment

‘They’re his’ – Zari Hassan on children with Diamond Platnumz

by Kisitu Peter
September 5, 2025
Bushenyi remembers ‘remarkable daughter’ Mary Karooro Okurut.
News

Mary Karooro Okurut: Uganda mourns former minister and author

by Wafula Steven
August 13, 2025
South African exports face delays as Maersk reroutes US-bound cargo.
Business

Maersk cuts direct US shipping route, deepening South Africa’s trade woes

by Now Then Digital
August 6, 2025
African Women in Business unveils Association to Boost Intra‑African Trade.
Business

CONWOBAA Launches to Boost Intra-African Trade

by Now Then Digital
July 29, 2025
ADVERTISEMENT

Related Articles

sandra kahumuza twinoburyo quits NTV Uganda (1)

Sandra Kahumuza Twinoburyo Leaves NTV Uganda After Four Years of Service

3 years ago
mia threapleton movies

Mia Threapleton: The Rising Star Following in Her Mother’s Footsteps

2 years ago
Bart Katureebe launches book about his life

Ex-Chief Justice Bart Magunda Katureebe Launches Memoir on Turbulent Times in Government

2 years ago

Popular News

  • Pioneer of Christian rap Lecrae set for Kigali concert.

    US rapper Lecrae to perform in Kigali for the first time

    0 shares
    Share 0 Tweet 0
  • Nikki Duval Weight Loss Journey: A Transformation That’s Making Waves Online

    0 shares
    Share 0 Tweet 0
  • The Best Weight Gain Pills: Hydrolyzed Salmon Protein Or Crazy Nutrition?

    0 shares
    Share 0 Tweet 0
  • Angélique Kidjo is to be honoured with a Hollywood Walk of Fame star — a first for an African artist

    0 shares
    Share 0 Tweet 0
  • How Manufacturers Use RPA to Optimize Order Fulfillment

    0 shares
    Share 0 Tweet 0

Connect With Us

Join our Newsletter

Who We Are

Now Then Digital | Breaking News from Uganda & Africa

Latest headlines from Uganda, Africa & the world. Explore politics, entertainment, sports, finance & more on Now Then Digital.

Sign Up For Our Newsletter

Now On Pinterest

marjorie harvey steve harvey's wife

Marjorie Harvey: A Closer Look at Her Impressive Net Worth

cropped-nowthendigital.com__Azawi-receive-YouTube-silver-play-button-1.webp

YouTube Awards Azawi, Will Smith wins Oscar and More

Nigeria Tems to perform at Global Citizen Festival 2022 (1)

Global Citizen Festival 2022 Lineup, Burna Boy, Fireboy Album, Movie Room

From Our Partners

  • Editorial Policy
  • Disclaimer
  • Corrections Policy
  • Fact-Checking Policy
  • DMCA Policy

© 2025 Now Then Digital - Breaking News from Uganda, Kenya, Nigeria & South Africa.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
    • Movies
    • Music
    • Sports
  • Lifestyle
    • Fashion
    • Travel
    • Tech
  • Health
  • Food

© 2025 Now Then Digital - Breaking News from Uganda, Kenya, Nigeria & South Africa.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.