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Smile Identity expands African footprint with acquisition of Appruve to strengthen ID verification services

Smile Identity, a KYC compliance and ID verification partner for many African fintechs and businesses, has acquired Inclusive Innovations, the parent company of Appruve, a Ghanaian developer of identity verification software. This strategic acquisition will expand Smile Identity’s footprint across Africa and solidify its position as the continent’s leading identity verification and digital KYC provider.

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Clara Raises US$60M in a round led by GGV Capital

April 27, 2023

Clara, the Mexican corporate expense management unicorn in Latin America, today announced the closing of a US$60 million investment round. The capital received will be used to boost the technological development of the digital payments and expense management platform, in addition to consolidating its market leadership in the region. Today the startup reports that it works with around 10,000 companies in Latin America, which use Clara’s suite of products to automate and simplify their daily operations.

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How Nigeria’s Peppa makes it safer to shop socially online in Africa

April 27, 2023

Nigerian startup Peppa is making it safer to shop online in Africa, with a focus on social buying and selling, via a payment protection scheme that means buyers are protected from fraud and sellers are protected from losses that come from cancelled orders. Founded in September 2021, though conceived of much earlier, Peppa allows users to safely and seamlessly make payments for purchases on social commerce platforms.

CDPI Emerging Markets
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Customer Data Platform Industry Adds New Vendors: CDP Institute Report

July 12, 2024

Software vendors continued to add Customer Data Platform (CDP) capabilities to existing systems in the first half of 2024, according to the CDP Institute’s latest Industry Update report.  Nearly all of the dozen companies appearing in the report for the first time started as marketing or messaging applications and added CDP capabilities after they were built.  These firms accounted for most of the industry growth during the report period.

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