Prembly Analysis: $3M Raised
What is Prembly?
Prembly provides identity verification, KYC and KYB compliance, AML screening, fraud detection, background checks, and biometric verification. Its YC listing describes it as an identity verification API for emerging markets, helping digital businesses verify individuals and businesses within seconds. The company’s site says it serves businesses across Africa and globally.
Location
Washington, DC, United States
Employees
51-200
Founded
2021
Business Model
Subscription-based revenue model with partnerships for compliance and verification services.
Product Features & Capabilities
- IdentityForms, IdentityRadar, IdentityPass, BackgroundChecks, Compliance Tracker
Pricing
- Free Plan: $0/month
- 1 Active Form
- 1 Team Member
- 30 Responses/Form
- 5 Form Fields
- 1 Active Check-In Link
- Basic Check-In Interface
- Manual Check-In
- Standard Plan: $9.99/month
- 10 Active Forms
- 5 Team Members
- 200 Responses/Form
- 10 Form Fields
- Custom Email
- Data Verification
- 5 Active Check-In Links
- Custom Check-In Interface
- QR Code Check-In
- Badge/Ticket Printing
- Event Analytics
- Pro Plan: $39.99/month
- 30 Active Forms
- 10 Team Members
- 1000 Responses/Form
- Unlimited Form Fields
- Custom Email
- Secured Sharing
- 15 Active Check-In Links
- Custom Check-In Interface
- QR Code Check-In
- Badge/Ticket Printing
- Event Analytics
- Face Capture
- Enterprise Plan: Contact Sales for pricing
- Unlimited Active Forms
- Unlimited Team Members
- Unlimited Responses
- Unlimited Form Fields
- Custom Email
- Secured Sharing
- Unlimited Active Check-In Links
- Custom Check-In Interface
- QR Code Check-In
- Badge/Ticket Printing
- Event Analytics
- Face Capture
How much Prembly raised
Funding Round - $2.8 million
November 2022Lead Investor: Not specified in the source.
Who are the founders of Prembly
LO
Lanre Ogungbe
Founder
NA
Niyi Adegboye
Founder
Competitors Overview
Prembly operates in the identity verification and compliance market, facing competition from several notable companies. The main competitors include:
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Lightico: A collaboration solution that enhances customer service and sales processes, rated 4.8 out of 5. It is known for its user-friendly interface and effective customer engagement tools.
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iDenfy: Highly rated at 4.9 out of 5, iDenfy provides an all-in-one platform for identity verification and fraud detection, utilizing a three-layer verification process that combines AI with manual checks for high accuracy.
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Udentify: Offers identity verification and biometric authentication solutions, emphasizing compliance and seamless integration into websites and mobile apps.
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Sumsub: A comprehensive verification platform that supports various verification needs, including KYC/AML compliance, and is known for its high conversion rates and quick verification times.
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Smile ID: Notable for its extensive document coverage and advanced fraud prevention technology, particularly in the African market. It supports over 8,500 identity documents and offers a more comprehensive AML screening solution compared to Prembly.
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Veriff: Known for its strong focus on biometric authentication and AML screening, Veriff provides comprehensive identity verification solutions.
These competitors highlight various strengths such as advanced technology integration, comprehensive compliance features, and user-friendly interfaces, which may provide advantages over Prembly in specific use cases.
Market Focus
Prembly primarily focuses on the data infrastructure industry, specifically in the areas of security, compliance, and identity verification tools to enhance online safety.
Investors
- Tofino Capital
- MaC Venture Capital
- Soma Capital
- True
- Velocity Digital
- Y Combinator
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