Nigeria’s Verification Firm Youverify Reveals Support Program for African Startups


Lagos and San Francisco-based identity verification company Youverify has announced a special program for African startups “The YV startup program.”

The firm helps African banks and startups automate Know Your Customer (KYC), Anti Money Laundering (AML), and other compliance procedures,

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. 

Successful startups will get up to $2,000 worth of YVOS credits in support. This credit will allow them access to technology tools, 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 live, and only startups who meet the requirement will be selected for the program. More details can be found here 

“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,” says Hakeem O. Akiode, Head of Growth and Marketing at Youverify

Interested startups can use the same link above to apply.

Just the other day, the startup announced a $1 million seed round extension to grow the number of identities it can verify from 400 million to 2 billion.