South African Startup iiDENTIFii Secures USD 15 Mn Funding

iiDENTIFii, a South African-based automated platform that provides a remote digital biometric identity authentication process, has raised USD 15 Mn in growth capital. The round was led by African investment company Arise with participation from Sanari Capital and veteran US tech entrepreneur Bill Spruill.

iiDENTIFii’s advanced face authentication technology securely authenticates users via their cellphones or PCs within seconds. The startup operates across several industry verticals and is used by banks, insurers, and mining houses for both customer and employee authentication.