The development of the tech ecosystem in Africa in the last few years has been particularly heartwarming. Late last week, Smile Identity, an African-focused identity verification company, announced that it had secured $7 million in its Series A funding round. This is one of the largest investments ever made into an African startup, which makes it all the more newsworthy and encouraging for the African tech scene.

This latest round brings Smile Identity’s total funding to over $11 million, following the $4 million seed round secured in 2019. It was led by Costanoa Ventures, with participation from nine other venture capitalists. The company has said that it plans to use the fresh funds to improve its services, expand across viable markets, and..more..https://alabiansolutions.com/blog/african-startup-smile-identity-raises-7-million-in-series-a-funding/