A digital identity company that is building an “identity layer” that makes customer onboarding safe, efficient, and cost-effective in a digital world, uqudo has seen major growth in the past few months. Providing digital identity verification for key fintech players in the EMEA region, uqudo has also partnered with numerous entities in the African region to enhance digital identity in the continent.
The World Bank and Africa Development bank estimate that of the 1.3 billion people in Africa, 50% are smartphone users. With the population projected to increase in the next few decades, smartphone penetration will also see drastic growth, driving access to financial products and services.
fintechs have seen the tremendous potential for growth in the continent, with numerous companies building an Africa-first model. This growth in the fintech industry makes it important to have a digital identity verification platform to facilitate cross-border interactions.
uqudo has also recently joined the Smart Africa Alliance as a start-up member, to actively promote the Smart Africa efforts like digital ID and cross-border e-payments across the continent and establish institutional ownership and accountability. Partnering with numerous other large-scale financial institutions across Africa, uqudo is also enabling access to digital identity in remote areas of the continent.
uqudo’s key USP lies in a frictionless onboarding platform that verifies user identity in seconds with a comprehensive screening procedure that eliminates fraud. With a fully customisable onboarding platform, uqudo provides identity solutions that can easily be integrated with any company’s digital platform.