Cape Town-based digital identity startup iiDENTIFii has partnered Zambian bank Zanaco to roll out its identity solution to Zambian consumers and citizens.
iiDENTIFii has developed advanced face authentication technology that safely authenticates users via their cell phones or PCs within seconds. The startup operates across several industry verticals and is used by the largest pan-African banks, insurers and mining houses for both customer and employee authentication.
The startup last year raised US$15 million in growth capital to fuel its expansion across Africa, and it has now partnered leading bank Zanaco to launch operations in Zambia. The partnership will ensure that identity verification – and the benefits it provides – is accessible to all.
“In Zambia, we aim to address challenges related to digital exclusion, limited access to services, and identity fraud. Many individuals across the continent lack recognised identification, which hampers their access to banking, healthcare, and government services,” said Gur Geva, founder and CEO of iiDENTIFii.
“Collaborating with financial institutions like Zanaco is pivotal. By integrating our identity verification solutions, Zanaco can extend its reach to underserved populations, enabling them to open bank accounts, access credit, and make secure transactions. This partnership not only fosters financial inclusion but also strengthens data protection and security, driving positive change in Zambia’s digital landscape.”
For Zanaco, this partnership is a timely step in its long-standing commitment to financial inclusion through its banking platforms.
“Our digital banking solutions have significantly impacted underserved communities by breaking down barriers to financial access. Through user-friendly mobile and online banking platforms, we have brought banking services to areas previously lacking access. This has led to increased financial inclusion, allowing individuals to save, transact, and access credit more easily,” said Zanaco chief risk officer Mutisunge Zulu.
