SA’s Contactable Raises USD 13.5 M For Its Digital ID & eKYC Solutions Platform

South African digital identity platform Contactable has raised USD 13.5 M in financing to expand its onboarding and eKYC solutions across Africa. The round was led by Venture Capitalworks, with participation from Fireball Capital, Ke Nako Capital, and Mavovo.

Founded in 2012 by Shaun Strydom, Contactable provides an integrated platform for digital onboarding, identity verification, fraud prevention, and compliance, serving sectors including finance, telecoms, insurance, retail, motor finance, and payments. The new capital will fuel its push into more African markets and support innovation in areas such as Ultimate Beneficial Ownership, AI, self-sovereign identity, and payments integration.

Strydom said the funding advances Contactable’s mission to democratise digital identity across the continent. Venture Capitalworks managing partner Brent Shahim added that digital ID is central to financial inclusion and digital transformation, describing the partnership as a strategic step toward scaling trusted identity infrastructure to underserved markets.