The combined entity becomes the most robust data infrastructure and compliance solutions company serving emerging markets.

Founded in 2021, Prembly has quickly become a key player in the digital security and infrastructure space, serving enterprises and global companies by helping them expand into emerging markets and positioning the continent as the next hub for growth. 

By partnering with several African governments to provide tailored solutions that account for the intricacies of local contexts regarding adoption and implementation, the company has facilitated digital security transformation and has been at the forefront of compliance solutions for emerging markets.

“The merger with Peleza deepens our industry knowledge and elevates our strengths and technologies, empowering us to exceed our clients’ expectations worldwide. We are also very excited to have Marita, with over 15 years of experience, join our leadership team at the newly formed Prembly Group to drive innovation and enhance our strategic initiatives,” said Lanre Ogungbe, founder and CEO of Prembly.

Operating under a unified brand such 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.

With almost a decade of experience in the East African region and key partnerships, including Uber, Bolt, and FedEx, Peleza brings a legacy of business excellence and strong customer relations. 

This merger further demonstrates increased growth opportunities within the continent and is expected to create significant value for shareholders, customers, and investors alike.

“This is truly a once-in-a-lifetime transformational opportunity to combine two great companies with great cultures, histories, and a promising future. The strength in both our numbers as one unified team, with both enterprises coming together to serve global markets and creating a combined culture that supports our single global vision of driving excellence in data integrity and regulatory compliance quite excites us!” said Marita Mutemi of Peleza.

Combining both teams of over 100 employees, with operational offices in Uganda, Kenya, and Nigeria, and headquarters in the US, Prembly Group will ensure the expansion of products and footprint globally. 

Since launching in 2021, Prembly has processed over 40 million verifications, projected to triple with this merger, with an average projection of about 3.5 million identity verifications monthly, covering emerging markets and global data infrastructure needs. 

The brand equity inherent in Prembly and Peleza will enhance their core strengths and provide increased resources to invest in growth opportunities.

Identitypass plans to expand its existing infrastructure, roll out new verticals around compliance, security and data collection, spread its reach into new African countries and employ more innovative minds.

The round, which comes a few months after Identitypass raised $360,000 in pre-seed investment, bringing its total funding to $3.1 million, also includes investors such as Y Combinator, Soma Capital, True Capital Fund and Sherwani Capital.

Identitypass affirms to have processed over 1 million distinct verifications since launch, with government-approved IDs, such as national IDs, driver licenses, international passports, bank verification numbers (BVN), phone numbers, vehicle plate numbers, debit cards, security watchlists and tax history included in its offerings. 

Depending on the number of endpoints a business connects to, the identity and verification platform charges between 10 cents to 20 cents on every verification it executes. 

Its products enable clientele to verify, gain deeper insights about users and businesses, detect as well as prevent fraud. Users can easily integrate data searches to retrieve contact or user data and are allowed to personalize web pages with contact or visitor information when they implement Identitypass’ data search on their website/application.

Businesses from across the fintech, e-commerce, education, mobility and other sectors leverage the platform and are spread in countries such as Nigeria, the United Kingdom, Kenya, the United States and India.

Founded by Lanre Ogungbe, Niyi Adegboye and Ebuka Obi, the two-year-old launched a SaaS platform in addition to its APIs. The software was built to enhance Identitypass’ growth scale and excel among its competitors in the market.