IdentityPass Secures $360,000 to Improve African Workspace

Image

By Sodeinde Temidayo David

Nigerian digital compliance and security company, Identitypass, has secured $360,000 in pre-seed funding, which would be used to expand the team, serve and get more customers including research and development.

The funding round saw the participation of CCHub, Midlothian Angel Network, D Global Ventures Fund and other Angel Investors.

Launched in January 2021 by Mr Lanre Ogungbe, Mr Niyi Adegboye and Mr David Obi, Identitypass has been noted to deliver seamless identity verification solutions to various businesses.

The platform provides easy-to-use compliance and data security platform that allows businesses online to easily authenticate and validate the genuineness of a transacting party.

This is done through the existing forms of identification ranging from personal traits to government-issued identity cards to every bit of data that can help uniquely identify individuals and businesses while dealing with people, money and data in an easy, secure and faster way.

With a variety of products that include identity checker, Identity graph, Identity form and biometrics technologies, Identitypass is currently powering the verification engine or solution for over 170 businesses but hopes to power more businesses in the coming quarters with upcoming verification products.

The firm has also established strategic partnerships to make its product usage kick off in multiple continents, such as America and Asia.

According to the company, its operation is set on a vision is to build a world-class compliance and security infrastructure for Africa free from identity theft and compliance bottlenecks.

And the new fund generated would be used by the company for customer acquisition, research and development, and team expansion.

Speaking on the development, the Chief Executive Officer (CEO) of Identitypass, Mr Lanre Ogungbe, noted that the organisation aims to achieve more with modern products that do not only keep businesses secured but also secures every internet user in the region.

Share
Related Stories
Image
09-January-2024

Tinubu Sacks Babatunde Irukera as FCCPC Chief

By Adedapo Adesanya President Bola Tinubu has sacked the chief executive of the organisation responsible for protecting consumers in the country, the Federal Competition and Consumer Protection Commission (FCCPC), Mr Babatunde Irukera. A statement signed by the Special Adviser to the President on Media and Publicity, Mr Ajuri Ngelale, late Monday explained that Mr Irukera, a member of Mr Tinubu’s ruling All Progressives Congress (APC) was removed from office due to “plans to restructure and reposition critical agencies of the federal government towards protecting the rights of Nigerian consumers and providing a strong basis for enhanced contributions to the nation’s

Image
13-January-2024

Tinubu Gives Ali Nuhu, Shaibu Husseini, Obi Asika, Others Appointments

By Modupe Gbadeyanka President Bola Tinubu has appointed 11 new chief executives for agencies under the Federal Ministry of Art, Culture, and Creative Economy. The Special Adviser to the President for Media and Publicity, Mr Ajuri Ngelale, in a statement issued on Friday, said Mr Tinubu has mandated “the appointees to discharge their duties in accordance with the highest standards of professionalism, diligence, and patriotism with a view to making the creative sector more vibrant and robust. Business Post reports that a renowned journalist and art enthusiast, Mr Shaibu Husseini, has been appointed as the Director-General of the National Films

Image
22-February-2024

Purple Real Estate Welcomes Umar, Oladimeji to Board

By Adedapo Adesanya Nigerian real estate platform, Purple Real Estate Income Plc, has made significant changes to its board, marking a pivotal moment in the company’s growth strategy amid current macro headwinds. The reshuffle brings on Mr Aminu Umar and Mr Olasunkanmi Oladimeji to join the board as Non-Executive Director and Executive Director. The duo of Mr Umar and Mr Oladimeji will take over from Mrs Osareme Archibong and Mrs Fiona Ahimie, both outgoing Independent Non-Executive Directors, according to notice on NASD OTC Securities Exchange, where the company trades its securities. Commenting on the changes, the Chairman of the board,

Image
05-January-2024

NPA, NIMASA Get Six New Executive Directors

By Adedapo Adesanya President Bola Tinubu has approved the appointment of six new Executive Directors in two agencies under the Federal Ministry of Marine and Blue Economy. According to a statement late on Thursday by Mr Ajuri Ngelale, the Special Adviser to the President on Media and Publicity, three executives were appointed to the Nigerian Ports Authority (NPA) and Nigerian Maritime Administration and Safety Agency (NIMASA) each. For the NPA, Mrs Vivian C. Richard Edet was appointed as the Executive Director of Finance and Administration (NPA), Mr Olalekan Badmus — Executive Director of Marine and Operations (NPA), and Mr Ibrahim

More Stories
Image
16-March-2021

UN Seeks Collective Action on Violence Against Women

By Ahmed Rahma The United Nation (UN) Secretary-General, Mr Antonio Guterres, has called for a collective action stop to violence against women. The UN chief made the call at the start of the annual Commission on the Status of Women which takes place from March 15 to 26 and brings together thousands of women for speeches, exchanges and dozens of specific events. According to Mr Guterres, women have been more exposed to harmful consequences such as loss of jobs, sexual abuse or child marriage than men during the global pandemic. “Women’s equal participation is the game-changer we need,” he said, calling

Image
19-July-2017

Angry Truck Drivers Burn Diamond Bank, Sterling Bank

By Modupe Gbadeyanka Two banks located in Apapa, Diamond Bank and Sterling Bank, were destroyed by fire on Wednesday morning by some angry truck drivers after a mobile policeman allegedly shot dead one of their colleagues. Trouble started when the mobile cop allegedly ordered the deceased driver to move his heavy duty vehicle away from premises of the bank. Eyewitnesses informed Business Post correspondent that while the driver was allegedly obeying the order reluctantly, an argument ensued, which led to the cop shooting him dead. The incident attracted other truck drivers, who mobilised and arrived scene of the shooting in

Image
11-July-2021

JUST IN: Nigerian Singer Sound Sultan Dies

By Dipo Olowookere A popular Nigerian singer, Mr Olanrewaju Fasasi, has died. The talented music act, who shot into the limelight in the late 90s, was said to have died of throat cancer. Recall that in May 2021, an online news platform, Sahara Reporters, reported that the singer was diagnosed with throat cancer and was in the United States of America (USA) for chemotherapy. In a report on Sunday by the Punch, a family member of the singer, who released his debut single, Jagbajantis in 2000, Mr Kayode Fasasi, was said to have issued a statement to confirm the demise

Image
17-February-2017

African Capital Markets Shows Significant Decline in 2016—PwC

By Dipo Olowookere Twenty-sixteen marked a challenging year for African equity markets in the wake of lower economic growth and political upheaval around the globe, largely as a result of the US elections cycle and the Brexit vote. African equity capital markets (ECM) broke a streak of three successive years of growth, recording a decline in overall ECM activity of 28% from 2015 in the number of transactions and 33% from 2015 in terms of capital raised. PwC issued its 2016 Africa Capital Markets Watch publication today, which analyses equity and debt capital markets transactions that took place between 2012

Image
30-November-2016

Reps Propose N70 Per Litre For Petrol

By Modupe Gbadeyanka The House of Representatives has called for a downward review of the price of premium motor spirit (PMS) popularly called petrol. In a motion sponsored on Tuesday by Mr Abubakar Hassan Fulata, the House appealed to the Petroleum Products Prices Regulatory Agency (PPPRA) and the Federal Ministry of Petroleum Resources to consider the proposal. It urged the agencies to review the current price template for fuel with a view to bringing down the price of the product to about N70 per litre. Mr Fulata argued that over 90 percent of the price of PMS is for transport-related

Image
01-November-2023

Nigeria Boosts Crude Oil Exports by 50,000 in October

By Adedapo Adesanya Nigeria boosted crude oil exports in October without any major disruption to shipments by as much as 50,000 barrels per day in October, according to a survey by Reuters based on shipping data and sources. This indicates that the country is on course to meet the target of 1.8 million barrels per day to further recover its set production level by next year. Business Post had reported that the country produced 1.35 million barrels per day in September, with the 50,000 barrels per day addition in October, this will bring Nigeria’s numbers to 1.4 million barrels per

Image
31-October-2023

NASD OTC Exchange Declines by 0.67%

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange opened the week in the red territory after it depreciated by 0.67 per cent on Monday, October 30. The weakening of the NASD OTC exchange was influenced by the N4.65 loss recorded by FrieslandCampina Wamco Nigeria Plc, closing at N75.04 per unit versus last Friday’s N79.69 per unit. However, Central Securities Clearing System (CSCS) Plc gained 20 Kobo to finish at N20.20 per share compared with the preceding session’s N20.00 per share, and UBN Property Plc appreciated by 10 Kobo to trade at N1.46 per unit, in contrast to last Friday’s

Image
02-May-2023

Firm Assures Clients High-quality Advisory, Fund Arrangement Services

By Adedapo Adesanya  PAC Capital Limited has assured its clients of high-quality advisory and fund arrangement services that will enhance their growth and expansion prospects. The firm made this assurance after its role as the lead financial adviser and fund arranger to Access Holdings Plc’s $300 million investment finance facility for its lending subsidiary, Access Bank Plc. The Managing Director of PAC Capital, Mr Humphrey Oriakhi, stated that the organisation was committed to ensuring it continues to support growth and expansion for its clients. “We are delighted to bring this landmark deal to a close for our client. This is

Ad
Ad
Recent Stories
Image
23-February-2024

Applications Open for AIG Public Leaders Programme

By Aduragbemi Omiyale Eligible African public servants have been urged to submit their applications for the AIG Public Leaders Programme Cohort 4 before Tuesday, April 30, 2024. This call for entries was made by Aig-Imoukhuede Foundation and the applications are to be filed through www.aigimoukhuedefoundation.org/leaders-programme, a statement disclosed. Applicants must be working in the public sector in Africa, with a minimum of seven years of active service, at grade levels 12-17, and aged between 35-50 years at the time of application. The AIG Public Leaders Programme is tailored for senior public leaders and delivered in partnership with the Blavatnik School

Image
23-February-2024

Okpe Leaders Want Completion of Sapele Polytechnic, University in Orerokpe

By Henry Ovie The Delta State Governor, Mr Sheriff Oborevwori, has been tasked to make efforts to complete the Sapele Polytechnic, which was started by the administration of Mr Emmanuel Uduaghan. This call was made by some prominent leaders from the Okpe kingdom, who said the completion of the school and the establishment of a university in Orerokpe would assuage, “to some extent,” the people of the areas, who they said have been “historically neglected.” On Thursday, the leaders held a crucial meeting of the National Executive Council (NEC) of the Okpe Union worldwide. They commended Mr Oborevwori for responding

Image
23-February-2024

HabariPay Take-on-Squad Hackathon 1.0 Produces Three Winners

By Modupe Gbadeyanka Three winners have emerged in the inaugural Take-on-Squad Hackathon 1.0 coding event organised by HabariPay Limited after intense collaboration, innovation, and problem-solving at the GTCO Training Complex, Tayo’s Plaza, Abeokuta, Ogun State, from January 18 to 20, 2024. Business Post reports that the three winning teams are Team Within, Team X, and Team Storepoint. Each team was selected based on real-world applicability, technical creativity, user experience, and teamwork. Team Storepoint, represented by Haruna Faruk and Ladipo Samuel from the University of Lagos, secured third position and a prize of N1 million. Their winning solution, Storepoint, facilitates quick

Image
23-February-2024

Group Mourns OAU’s Veterinary Technologist Olabode Olawuyi

By Modupe Gbadeyanka The Nigeria Biodiversity Conservation Alliance (NBCA) has expressed sadness over the death of the Veterinary Technologist of the Obafemi Awolowo University, Ile-Ife, Osun State, Mr Olabode Olawuyi, a few days ago. Mr Olawuyi was fatally mauled by a lion at the Zoological Garden of the institution. In a statement signed by the National President of the Nigerian Association of Zoological Gardens and Wildlife Parks (NAZAP), Mr Dipo Bali, the group said the deceased was a man who was dedicated to his job and the organisations he belonged to in his lifetime. Mr Olawuyi, apart from being a

Image
23-February-2024

NUPENG Seeks EFCC Support to Tackle Illegal Oil Bunkering

By Adedapo Adesanya Following its fight against foreign exchange speculators and hoarders, the National Union of Petroleum and Natural Gas Workers (NUPENG) has sought the collaboration of the Economic and Financial Crimes Commission (EFCC) in the fight against illegal oil bunkering in the country. The collaboration was sought when the National President of NUPENG, Mr Williams Akporeha, led members of his executive council to the corporate headquarters of the anti-graft agency on a courtesy visit. Mr Akporeha mentioned the challenges involved in the movement of petroleum products across the country and appealed to the EFCC to always come to the

Image
23-February-2024

SON Launches Facility to Test Quality of Generators, Transformers

By Adedapo Adesanya The Standards Organisation of Nigeria (SON) has inaugurated a facility to test generators and power transformers sold in the Nigerian electricity market. Speaking at the inauguration of SON Mobile Generators Testing Laboratory and Mobile Transformer Equipment on Thursday, the Director-General of the agency, Mr Ifeanyi Okeke, said it was no longer business as usual for assemblers and importers of these products. He said it was important for these products to meet the quality benchmarks, stressing that buyers must have value for their money. According to him, all information supplied on generators and transformers will be verified and

Image
23-February-2024

Port Harcourt Refinery to be Fully Operational Soon—FG

By Adedapo Adesanya  The federal government has disclosed that the Port Harcourt Refinery should become operational very soon as it has attained 80 per cent completion. The Minister of State for Labour and Employment, Mrs Nkeiruka Onyejeocha, during a tour of the facility, disclosed that the refinery would produce two million litres of Premium Motor Spirit, otherwise known as petrol, and 2.2 million litres of diesel per day upon resuming operations. In a statement by the Director of Press and Public Relations in the Federal Ministry, Mr Olajide Oshundun, it was further stated that the old plant should produce 54,000

Image
23-February-2024

Nigeria Moves to Crash Cooking Gas Price

 By Adedapo Adesanya Nigeria is considering taking a major step aimed at crashing the price of Liquefied Petroleum Gas (LPG), also known as cooking gas, to ease the sufferings of its citizens. The Minister of State Petroleum Resources (Gas), Mr Ekperikpe Ekpo, speaking at the opening of its Internal Stakeholders’ Workshop on Thursday in Abuja, disclosed that the government would most likely ban the exportation of the commodity to keep the price lower than its current level. Currently, prices range between N1,300 per kg to N1,400 per kg. “All LPG produced within the country will have to be domesticated and

Image
23-February-2024

How MultiChoice Empowers Nigerian Youth Through Creative Investment

As global populations age, Africa remains a bastion of youthful promise, with around 70% of the continent’s population below the age of 30. This youthful demographic can be an asset – but only if it is developed, by empowering young people through training, and by giving them a stake in the growth of their countries’ economies. Helping to develop young people’s abilities and expanding the pool of skills is also in the interests of industry and big business. Over the years, the Federal government of Nigeria embarked on youth empowerment initiatives to harness the skills and energy of Nigerian youths

Image
23-February-2024

Eva Adelaja Girls’ At 60: Old Students Donate to Orphanage, Thrill Students

By Adedapo Adesanya It has been an eventful celebration at the ongoing 6oth Anniversary of Eva Adelaja Girls’ Secondary Grammar School, Bariga, Lagos. The event was planned to celebrate the institution established by the late educator, Mrs Evangeline Adebayo Adelaja, in 1964. Particular resplendent in this celebration are the alumni of the school, the Eva Adelaja Girls’ Secondary Grammar School Old Girls’ Association, which have been on the ground to ensure that the planned activities go smoothly. The event, which kicked off with the Praise Day and Community Hymn Singing held at Chapel of Christ the Light in Alausa, Ikeja,