(Ecofin Agency) - Youverify, a Nigerian startup that eases the verification of the identity, background, learning process and the full address of employees for private and public companies, has raised $1.5 million from Orange Digital Ventures Africa (ODVA).

The startup will use these resources to improve its technology and finance expansion across Nigeria and the rest of Africa. Co-founded in Lagos in 2018 by Gbenga Odegbami and Suru Avoseh, Youverify has so far carried out over 300,000 data checking operations for banks and financial institutions in the country.

Let’s note that this new fundraising is Orange Digital Ventures Africa's last investment in Africa. Launched in 2017 with a capital of €50 million, this Fund has mainly targeted strategic sectors such as finance, health, energy, agriculture, and education across the continent.

Chamberline Moko