3 years ago

Umazi Raises $1 Million for Enterprise Identity Verification Platform

  • Umazi, a London-based startup automating enterprise identity verification, has secured $1 million in pre-seed funding from Innovate UK and angel investors

  • The funding will be used for product development and market growth in the UK, South Africa and Mauritius

  • Umazi's platform uses distributed ledger technology to digitally verify corporate identities, allowing verified identities and credentials to be shared with other organizations

  • The startup is currently in the Founders Factory accelerator program and has signed deals with Artesian: DueDil, ComplyAdvantage and African law firm Webber Wentzel.

      • ProblemTechnology

      "Enterprise due diligence is still a costly, time-consuming exercise that is repeated over and over again."

      Solution

      "Umazi's platform uses distributed ledger technology to digitally verify corporate identities. This allows verified identities and credentials to be shared with other organisations, helping businesses avoid high-risk clients."

      Covered on