Africa: Smile Identity Raises $7m to Build KYC and Identity Verification Tools for Africa

An estimated one billion people worldwide face the challenge of proving who they are, according to a World Bank Group report which states that 81% of this number live in sub-Saharan Africa and South Asia without official proof of identity.

It's no news that Africans spend an inordinate amount of time trying to prove or verify their identities to gain access to address proofs, financial accounts, loans, SIM cards, and social services. Per reports, an estimated 500 million Africans have no formal identification at all.

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