Sunday, December 10

Nigerian startup, Identitypass, joins Y combinators winter 2022 batch

Identitypass, a startup that makes it possible for digital businesses in Africa to easily verify their customers within seconds has been accepted into Y combinator’s winter 2022 batch.

Y Combinator (YC) is a technology startup accelerator based in California, that was founded in March 2005. Twice a year, the company invests $125,000 in early-stage companies it chooses from a pool of applicants for a 7% equity.

The startups go through a training program that is divided into two groups: winter and summer. The winter batch begins in January and ends in March, whereas the summer batch begins in June and ends in August. Y Combinator has worked with and invested in over 3,000 startups since its inception, earning a reputation as the go-to startup accelerator for entrepreneurs seeking early investment.

What Identitypass does

Lanre Ogungbe, Niyi Adegboye, and David Obi founded Identitypass in January 2021 with the goal of creating a world-class compliance and security infrastructure for Africa.

The startup is a simple compliance and data security platform that allows online businesses to easily verify and confirm a transacting party’s identity using existing forms of identification.

Identitypass has developed a variety of products, including an ID checker, identity graph and identity form, and is currently powering the verification solutions of over 170 businesses.

Identitypass has created a number of products, including an ID checker, identity graph, and identity form, and is presently used by over 170 companies to verify their identities.

In November 2021, the startup raised $360,000 in pre-seed funding to help it acquire more customers, further develop its product and expand its team.