Open finance infrastructure startup, VerifyMe Nigeria, has announced over 1,000% growth from 2020 to 2021 and has achieved a minimum of 40% month to month growth in revenue for 2021.
Since Q4 2020
In a statement, Chief Executive Officer of
Aguele noted that even with the COVID-19 pandemic last year and a general slowing of the national economy, the numbers indicate a positive outlook for
Aguele added "We have remained focused on our mission to deliver trust for the ever-evolving African digital economy. To date, 206 service providers across the country have integrated with our APIs, with over 150 acquired customers in integration and about 22 new service providers integrating with our APIs monthly. COVID-19 drove some of the accelerated growth, as the need for remote identity and authentication services became an industry priority. Our APIs provide access to trusted identities and authentication, and link customer information to tiered alternative and traditional data for assessment. We continue to generate strong revenue and expect to be profitable by the end of 2022, with over
Speaking on the next phase for the business, Aguele disclosed that plans are already underway to expand
He stated, "We are looking to help drive compliance in our industry, as well as join others to influence data standardization across the region."
The statement said
The statement added Since its entry into the market,
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